Swedish gaming monopoly Svenska Spel has released its latest financial results, noting a slight increase in revenue, while still pulling in a decent amount of net income.
Key financial indicators for the period were:
Net gaming revenue for the group rose to SEK 4,781 (4,775) million, an increase of 0.1%.
Net income for the Group amounted to SEK 2,522 (2,419) million, an increase of 4.2%.
Net gaming revenue of Sports and Lotteries division increased revenues during the half with SEK 99 million (3.1%) compared with the same period last year.
Operating margin was 22.0 (21.2) percent.
Operating profit for the Group was SEK 2,481 (2,394) million, an increase of 3.7%.
Continued decline in net gaming revenues on slots - down 9.5%.
3.8 million has been repaid to customers who have lost money due to the use of unauthorized software (bots) by 15 players which violated the company's online poker rules.
Management has decided to fund a research professorship for addictive gambling.
Svenska Spel is collaborating with the Swedish Sports Confederation (RF) in the fight against match-fixing and sports manipulation.