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Svenska Spel H1-2016 Numbers

FLAT PERFORMANCE FROM SVENSKA SPEL IN H1-2016
 
Swedens state-run online and land gambling company bemoans tough competitive conditions.
 
Swedens state-run online and land gambling group Svenska Spel has posted a mediocre and largely flat set of numbers for the first half of 2016, bemoaning tough competitive conditions in the market.
 
Highlights of the report include:
 
* NGR up 1 percent year-on-year at SEK4.4 billion (Euro 463.4 million);
 
* Operating profit up 0.9 percent y-o-y at SEK2.4 billion;
 
* Net income up 1.2 percent to SEK2.4 billion, with a slightly lower operating margin of 22.1 percent;
 
* Online operations accounted for most of the growth, increasing 9 percent in the second quarter, while sales via mobile phones increased by 53 percent. In June, the company launched an app for the Euro 2016 football championship that was downloaded by over 170,000 people.
 
The company reported that the second quarter was particularly tough. with net gaming revenue down 2.4 percent on a y-o-y basis at SEK 2.1 billion, and operating income declining 4.8 percent to SEK 1.1 billion. Profit for Q2-2016 declined 3.3 percent y-o-y to SEK 1.1 billion on a lower 21 percent margin.
 
Chief executive officer Lennart Käll reported to shareholders:
 
“We increased net gaming revenue overall for the first half compared with the previous year. However, we saw a drop in growth, particularly during May, which affected the second quarter negatively, but from June we once again see growth.
 
“We will continue to strengthen customer relations further and increase the pace of innovation by delivering new experiences, new products and services."

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Gambling News :

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

Secret Symbol Slot - RTG will soon release 'Secret Symbol', a 5 Reel Video Slot on 3/15/2017.

Microgaming is set to release three exciting new games in March - Pollen Party will literally have players buzzing with excitement as the ground-breaking, 720 way variable reel online slot is brought to life in a unique honeycomb reel layout.

NBA Odds: Resurgent Clippers Face Warriors in Oakland - After a much-needed lineup shuffle, the Los Angeles Clippers (29-27 SU, 35-21 ATS) carry a four-game SU and ATS winning streak into Thursday’s game against the best team in the NBA, the Golden State Warriors (47-9 SU, 27-27-2 ATS). Tip-off is at 10:30 PM ET on TNT.

NBA Odds: New-Look Pelicans Host Rockets on Thursday - The New Orleans Pelicans just hosted the All-Star Game and saw their very own Anthony Davis win the MVP. But the celebration was brief because the next day, the Pelicans made a huge trade,

PokerStars.CZ has launched in the Czech Republic - PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republic’s new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.

Luckia Games in Partnership with NYX Gaming Group - NYX will provide Luckia with its open gaming system, NYX OGS, and open platform system, NYX OPS, to support the growth of its established Spanish operation.

Sunbets to Sponsor Sutton United - Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.

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