Svenska Spel: Swedish Market ‘Uncontrolled’

The CEO of Swedish state-owned lottery Svenska Spel followed the announcement of year-on-year revenue losses with a statement that he is concerned about “uncontrolled” development in the sector.

Lennart Käll, head of the Swedish state-owned lottery Svenska Spel, has expressed “strong concern” about “uncontrolled” development in the market after the operator posted year-on-year losses in the second half of 2015.

Net gaming revenue through June 30 was SEK4.3 billion (US$498.8 million), down 2.4 percent. Net income for the group fell 1.1 percent to SEK2.3 billion. Operating income was steady at SEK3.3 billion, but “We still feel a strong concern about the market’s uncontrolled development,” Käll said. “We call for swift and concrete measures from both politicians and authorities to ensure that the Swedish gaming market is healthy and safe.”