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Svenska Spel Q1-2013 Report

Monday April 29, 2013 : SVENSKA SPEL REPORTS FIRST QUARTER RESULTS

Finger pointed at foreign operators for decline in online Swedish state-controlled gaming operator Svenska Spel delivered its first quarter results for the January 1, to March 31, 2013 period this week, showing a disappointing decline in its online division attributed to customers playing on unlicenced foreign operations.

Key performance indicators include:

• Net gaming revenue for the group rose to SEK 2,480 million (Q1/2012: SEK 2,460 million), an increase of 0.8 percent.

• Operating profit for the Group of SEK 1,326 million (Q1/2012: SEK1,251 million), an increase of 5.9 percent.

• Quarterly profit for the Group was SEK 1,341 million (Q1/2012: SEK 1,283 million), an increase of 4.5 percent.

• Group operating margin was 22.8 percent (Q1/2012: 21.7 percent).

• Online net gaming revenue of SEK 58 million, down 11.3 percent from the same period in 2012.

Lennart Käll, President and chief executive officer of Svenska Spel concluded that amongst other worrying trends, Sweden’s gambling advertising for the entire gambling market increased to SEK 2 Billion gross equating to more than Denmark, Finland and Norway's spend combined, enticing customers to play on foreign, unlicenced websites. Käll further believes current regulation doesn’t work as it was intended, that the regulator lacks sufficient sanctions and violations on the ban of promoting gambling continues unabated.



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Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

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3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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