Svenska Spel CEO urges Swedish government to ensure “healthy & safe” market conditions

kell
Lennart Käll – Svenska Spel

Having recorded year on year performance declines, Lennart Käll CEO of Swedish state owned gambling operator Svenska Spel has urged the government and national regulator Lotteriinspektionen to introduce new regulations and policies that will toughen Sweden’s gambling framework.

Svenska Spel reported a 2.4% net gaming revenue decline to SEK4.3 billion (£330 million) for the opening six months of 2015. The state owned operator further reported a net income fall of 1.1% on a year-on-year basis to SEK 2.3 billion (£170 million).

Despite its continuing woes, Svenska Spel reported that its 2nd quarter performance remained in-line with corporate expectations as operating margin increased from 20.8% to 22.5%.

Addressing current market conditions Käll commented “we still feel a strong concern about the market’s uncontrolled development. We call for swift and concrete measures from both politicians and authorities to ensure that the Swedish gaming market is healthy and safe.”

In April Svenska Spel governance had urged Lotteriinspektionen Sweden’s gambling regulator to introduce new policies and measures which would toughen the country’s advertising code with regards to online gambling products.

Check Also

Betsson seeks new CEO as Lindwall completes turnaround objectives 

The board of Betsson AB has informed that it has begun an executive search to …

William Hill’s Evoke ordered to re-verify its Swedish customer base  

William Hill records further Swedish compliance struggles, as its Evoke Gaming subsidiary is demanded to …

Unibet hails success of 30/30 Fund supporting Swedish Sports diverse make-up

Unibet, the flagship sportsbook brand of Kindred Group Plc, has maintained its home market CSR …