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Poker: 2008 revenues down at Svenska Spel
Sweden's state gambling monopoly Svenska Spel has reported weaker online poker revenues in FY 2008, and declining group profit in the first quarter of 2009.
Poker revenues fell 3.6 percent to SEK 372 million (Euro 34.6 million) in 2008 from SEK 385 million in 2007, the monopoly revealed in its annual report. The company attributed the decline to less interest in Internet poker, reporting:
“Both Svenskaspel.se and the casinos offer poker games. The casinos arranged a number of popular poker tournaments in 2008 and poker interest in casinos continues to increase. The internet boom of the four last years has subsided, but the game is still popular on svenskaspel.se,” the company reported.
Online poker operators need not necessarily be discouraged by the general remarks concerning the online poker industry; Svenska Spel can only speak for its own involvement, and it is widely accepted that many Scandinavian online poker players are active at poker websites elsewhere on the Internet, something the monopoly would like to constrain.
Other key performance indicators from the report are:
* GGR up at SEK 22 800 million (FY 2007: SEK 21 716 million)
* NGR up at SEK 9 804 million (FY 2007: 9 598 million)
* Operation Margin down at 21.9 percent (FY 2007: 23.2 percent)
* Profit down at SEK 5 108 million (FY 2007: SEK 5 247 million)
* Headcount up at 1 720 (2007: 1 588)
Q.1 2009 group after-tax profit figures also showed a decline of SEK 133 million at SEK 1 238 million when compared with Q1:2008 numbers. The new CEO at Svenska Spel, Meta Persdottir, attributed the lower figures to recessionary elements and tougher competition.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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