Swedish former horse racing monopoly Aktiebolaget Trav och Galopp (ATG) has recorded Q1 revenue of SEK1.46bn (£125.3m/€144.2m/$174.2m) – 11.0% more than last year.
Of this total, SEK1.27bn came from net gaming revenue, while agent revenue contributed a further SEK64m. The remainder was classed as other revenue.
The Swedish market continued to represent almost all of ATG’s revenue: SEK1.04bn came from its traditional revenue stream of Sweden’s horse racing market, and SEK129m came from sports betting in Sweden.
A further SEK60m was the result of casino gaming – a 23.1% drop from the SEK78m posted this time last year. The operator said this was due in large part to the deposit cap imposed in Swedish online casino games from mid-2020. This cap now appears set to be extended until November 2021.
The Danish market contributed SEK42m to the gaming revenue, representing a SEK10m increase from last year.
After paying SEK253m in gambling tax, SEK116m worth of personnel costs and SEK604m ..