Svenska Spel will begin publishing new data revealing its revenues generated from customers with a low-risk gambling profile. The new leadership team, CEO Anna Johnson and Chairman Erik Strand, has pledged to sustainable reporting figures as a commitment from Sweden’s state-owned gambling firm. Reporting will start at the end of August, with Svenska Spel revealing its sustainable percentage revenues for …
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The fallout for Svenska Spel of its Casino Cosmopol closures has reflected on the Swedish operator’s Q1 2024 results. Smaller net revenue and profits were felt throughout the first four months of the year, but the operator remained positive that its business remains stable – with most notable results seen in its Tur lottery division. Tur revenue improved by six …
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Swedish state-owned gambling operator Svenska Spel has introduced a strategic restructuring to its management team. The company announced that current IT Director Mikael Franzén will become the lead of the newly-formed business department Gaming Responsibility & Data-Driven Transformation. His old role will be given to Lovisa Ekman, who transitions from Head of Corporate IT. The changes are expected to come …
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Patrik Hofbauer will end his five-year tenure as President and CEO of Sweden’s state-backed betting and lottery corporation, Svenska Spel, in the new year. Having first assumed the leadership position at the operator in 2018 after an extensive career in media and communications, Hofbauer has overseen the group’s activities during a transformative few years for the Swedish gaming market. Hofbauer’s …
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The board of Svenska Spel has proposed an additional SEK 3.2 billion (€310m) dividend to be paid to the Swedish government, to assist emergency services in the fight against the COVID-19 pandemic. The proposed dividend will be paid directly from Svenska Spel’s corporate accounts, with the transaction scheduled to be sanctioned at the company’s AGM on Tuesday 27 April. “As …
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Swedish state-owned gambling operator Svenska Spel is in search of a new leader, following the resignation of Lennart Käll as Chief Executive. Updating the market, Käll confirmed that he would end his leadership tenure this coming summer, stating that it was time for Svenska Spel to be guided by a fresh face. Käll has served as Svenska Spel CEO since 2011, restructuring …
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Concerns regarding Svenska Spel’s social responsibility strategy have led Executive Chairwoman Anitra Linnéa Steen to resign from her governance role at the state-owned Swedish gambling operator. The former politician detailed to Swedish business news source Dagens Industri that she felt that Svenska Spel’s core focus had changed from helping national social initiatives to delivering higher revenues. “For a social democracy …
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