Sweden: Q3 figures boosted by record online gambling

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The iGaming Scene in Sweden

Explore the iGaming market in Sweden, uncovering strategies for success while navigating strict regulations and understanding the preferences of Swedish online gamblers. Sweden's iGaming sector stands out for its regulations, offering opportunities for operators who can navigate its intricate landscape. Success largely depends on selecting tech…

Industry ・ 02 June 2024

iGaming Business

Dutch gambling changes could see at-risk players switch to illegal operators

A ban on online gambling in the Netherlands could lead to almost half of at-risk players switching to illegal online casinos, according to a new survey. The Online Gaming Barometer 2024, the annual survey of Dutch gambling published by industry association Netherlands Online Gambling Association (NOGA), found a decrease in at-risk players as a…

Law ・ 28 May 2024

Sports Casting

Globe Blocked 1,345 Illegal Online Gambling Sites in First Quarter of 2024

Globe Telecom Inc., a leading telecommunications provider in the Philippines, blocked 1345 illegal gambling websites in the first quarter of 2024, the company announced over the weekend. That's a staggering 967% increase from the same quarter last year, when a total of 126 sites were banned. The service provider said out of this year's first…

Law ・ 09 May 2024

iGaming Business

ATG flags ‘alarming’ increase in illegal Swedish gambling

Data published today (23 November) by ATG shows channelisation rates for regulated online gambling in Q3 was between 70% and 82%. This rate refers to the igaming market as a whole but fluctuates for different gambling types. Online sports betting had a channelisation rate of 88% in Q3, whereas online casino was lower at 74%. ATG added that…

Finance ・ 23 November 2023

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US Bets

New Jersey Casinos' $146M In Q2 Gross Profit Down From 2022

The New Jersey Division of Gaming Enforcement reported Wednesday that all nine Atlantic City casinos and three online casino licensees reported gross profits for the second quarter of this year, but the combined $146 million was down 20.5% compared to the same period last year. The figure is $37.6 million lower than Q22022, as five of eight venues…

Finance ・ 24 August 2023

Gambling News

Half of Swedes Find Licensed Sites Beneficial, Only 10% Can Identify Them

According to a survey commissioned by the Swedish Gambling Authority Spelinspektionen issued by consultancy Skopm firm, only 10% of players know how to actively identify a licensed gambling platform. Moreover, only 53% of gamblers considered playing with licensed sites to be beneficial to them. The survey ordered by the authority responsible for…

Law ・ 15 December 2022

iGaming Business

Sweden: only 10% of gamblers can identify licensed sites

A report by consultancy Skopm commissioned by regulator Spelinspektionen, included a survey of 1600 adults in Sweden about their gambling habits in 2021. Among the questions were ones about unlicensed gambling. The survey found that 53% of past-year gamblers believe that there are advantages to playing with licensed sites, and only 2% said they had…

Law ・ 15 December 2022

Gambling Insider

Asia round-up: Emperor, ACMA, Malaysia & our top stories from the region this week

Operator of the Grand Emperor Hotel, Emperor Entertainment, has reported total revenue of HK$108.6m (US$13.9m) for the six months up to 30 September 2022. The company says this figure, a 51% decline from the prior-year period, is a result of the cessation of the operator's Macau gaming business. It was announced that the Grand Emperor Hotel in…

Law ・ 25 November 2022

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High demand for live casinos drives Evolution's quarterly revenue

Evolution reported a 37% increase in revenue for the third quarter of the year, driven by a "high demand" for live casino content. The group generated 378.5 million euros (US$381 million) in operating income in the third quarter, up from 276 million euros in the prior-year period. EBITDA, in turn, increased by 35% to 261 million euros. However,…

Finance ・ 11 November 2022

Gambling News

Licensed Swedish Gambling Operators Generate $625M in GGR in Q22022

Spelinspektionen, the Swedish Gambling Authority, has announced the financial results for the regulated gambling market for the second quarter of 2022. The Swedish Gambling Authority reported that the total GGR for all licensed gambling operators in Sweden for the second quarter of 2022 totaled SEK 6.8 billion ($625 million), which is 4% higher…

Law ・ 05 October 2022

The Sports Geek

U.S. Commercial Gaming Sets Record GGR in Q2 2022

Federal officials revealed last week that US Commercial Gaming revenue had a record-breaking quarter from April-June 2022. According to the American Gaming Association Commercial Gaming Revenue tracker, nationwide commercial gaming revenue totaled $14.81 billion, topping the previous all-time quarterly mark set in Q42021 by 3.3%. The Q22022 GGR was…

Gaming Authorities ・ 15 August 2022

Yogonet

Massachusetts casinos report $82M in GGR for January amid nationwide record

The Massachusetts Gaming Commission reported Tuesday the financial results for the month of January 2022 at MGM Springfield, Plainridge Park Casino and Encore Boston Harbor, which amounted to a total of approximately $82 million in gross gaming revenue. Encore Boston Harbor saw the most gross gaming revenue with a total of $53.9 million, derived…

Gaming Authorities ・ 15 August 2022

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Record revenue reported by nation’s commercial casinos

Commercial gaming in the United States hit a quarterly record for April, May and June, putting the U.S. on track for its best year in history, the American Gaming Association reported Thursday. Nationwide commercial gaming revenue totaled $14.81 billion for the second quarter, beating the fourth quarter of 2021 by 3.3 percent. With $29.16 billion…

Finance ・ 12 August 2022

Yogonet

Pennsylvania fines Hollywood Casino at Penn National and Wind Creek $27K for self-exclusion breaches

The Pennsylvania Gaming Control Board (PGCB) announced on May 18 the approval of three consent agreements, which applied fines to two casinos and one provider of gaming services, totaling $35500 for self-exclusion violations and unlicensed activities. The fined companies include Wind Creek Bethlehem, operator of Wind Creek Casino Bethlehem in…

Gambling Addiction ・ 23 May 2022

Casino News Daily

Sweden’s gambling industry is on the rebound with online sales leading the way

With 95 active gaming licenses in the country the Swedish Gambling Inspectorate (Spelinspektionen), has released gambling revenue numbers for the industry in Q32021. The numbers are preliminary and may be adjusted slightly before the year-end report but current net sales, total bets minus payouts, are up about 5% over the same third-quarter period…

Industry ・ 02 December 2021

Yogonet

Kindred sees revenue up 6% to $410M in Q3, boosted by strong casino performance

indred Group report for the third quarter of the year. The company posted double-digit earnings growth, driven by a strong casino performance. Gross winnings revenue for the period increased by 6% (11% in constant currency) to $410 million, while underlying EBITDA grew 13% to $115.6 million. Other highlights of the period include an increase in the…

Finance ・ 28 October 2021

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Evoke Gaming Faces Regulatory Action by Swedish Gambling Regulator

Another William Hill online gambling operation seems to have experienced compliance issues in the Swedish market after the local regulator, Spelinspektionen, last week ordered Evoke Gaming to re-verify player accounts registered with its brands between January 2019 and July of the same year. During a probe on Evoke's activities in Sweden, the…

Law ・ 20 September 2021

Gambling News

Sweden: Online Gambling Drove Q2 2021 Industry Growth

Online gambling in Sweden fueled second quarter double-digit growth in the country, which has its land-based gaming facilities almost completely taken off the country's gambling map. The Swedish gambling market registered for the three months ended June 30, 2021 SEK6.5 billion ($780 million) in revenue, up 4.7% on the SEK6.2 billion ($744 million)…

Industry ・ 02 September 2021

iGaming Business

Online drives 10.2% Q2 rise in Swedish gaming revenue

Total market revenue - players' wagers minus winnings paid out - for the three months to 30 June was SEK6.51bn (£548.2m/€637.8m/$755.5m). This was up from SEK5.91bn in the second quarter of last year and also 4.8% higher than SEK6.25bn in the first quarter of 2021. Online gambling remained by far the primary source of gambling revenue during Q2,…

Finance ・ 13 September 2021

SBC News

Gambling maintains its growth profile, as sector prepares for critical summer trading

Q1 analysis undertaken by H2 Gambling Capital has observed that the industry has maintained B2C and B2B growth despite continued trading against volatile lockdown conditions and regulatory headwinds in Germany and the Nordics. Recording a year-on-year revenue increase of 42%, global gambling tracked a'weighted average EBITDA' growth of 119%, as H2…

Sports ・ 24 May 2021

Gambling News

Kindred to Battle High-Risk Gambling with Transparency Metrics

Kindred, an online gambling group, will promote safe gambling by publishing a transparency metric. Kindred Group, an online gambling operator that consists of 9 brands, will be the first to publish a report on its revenue generated from high-risk gamblers. It is part of the company's plan to reduce its income from harmful gambling to 0% . Kindred's…

Winnings ・ 09 February 2021

Card Player

Commercial Casinos Win $14.8B In Second Quarter

The U.S. casino industry turned in another massive quarter. Nationwide commercial gaming revenue totaled $14.81 billion in Q22022, according to the American Gaming Association. The total sets a new quarterly record for the industry, beating Q42021 by 3.3 percent. With $29.16 billion generated through the first half of the year-a nearly 18 percent…

Sports ・ 22 August 2022

Card Player

Casino Industry Sets Q2 Revenue Record

U.S. commercial gambling continued its long run of consecutive quarterly revenue growth in the second quarter, hitting a Q2 record of $16.07 billion, according to the American Gaming Association. The total outpaced Q22022 by 8.1 percent and marked the 10th consecutive quarter of annual growth for the commercial casino industry. Q22023 is the…

Industry ・ 17 August 2023

Gambling Industry News

Evolution Q3 Report Reveals 45% Growth in Live Casino Business

Online gaming provider Evolution has released its revenue report for the third quarter of 2022 revealing that operating revenues for the period grew by 37.1% to €378.5 million from €276 million in Q32021. Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 35.3% to €261.0 million giving the company a margin of…

Live Gambling ・ 27 October 2022