Sweden’s former horse racing monopoly operator Aktiebolaget Trav och Galopp (ATG) has reported a 6.6% year-on-year upward push in web gaming income for 2019, in spite of a decline in source of revenue from horse racing having a bet within the nation.
Income for the 12 months thru to 31 December 2019 totalled SEK4.43bn (£355.0m/€420.2m/$466.1m), up from SEK4.16bn within the earlier 12 months.
Horse racing used to be via a long way ATG’s number one supply of source of revenue producing SEK3.86bn in gross gaming income for the 12 months. When put next, sports activities having a bet contributed simply SEK271m to the full general, with an additional SEK308m coming from on-line on line casino.
Sweden remained ATG’s core marketplace, with SEK4.34bn of its income generated within the nation. Horse racing income stood at SEK3.84bn, down 7.9% from 2018, with ATG placing this right down to gaming legal responsibility measures in Sweden as a part of new laws offered within the nation from 1 January 2019.
ATG additionally famous that Swedish sports activities having a bet income amounted to SEK254m within the complete 12 months, and on line casino SEK257m. This used to be the primary contribution from each and every vertical, following the marketplace’s re-regulation.
By contrast, ATG posted SEK89m in income from its operations in Denmark, comprising SEK21m from horse racing, SEK17m in sports activities having a bet income and SEK51m from on line casino. The operator finished its acquisition of Ecosys, the father or mother corporate of the wager25.dk logo, in April remaining 12 months.
ATG used to be boosted via a favorable efficiency within the fourth quarter, right through which web gaming income grew 9.4% year-on-year from SEK1.08bn to SEK1.18bn.
The operator plans to post its complete effects for 2019 on 21 February.