Tag Archives: Patrik Hofbauer

Svenska Spel to serve as chief sponsor of Swedish women’s pro-hockey leagues

Svenska Spel has signed an agreement to become the new main sponsor of the Swedish Women’s Hockey League (SDHL), the Swedish Hockey League (SHL) and HockeyAllsvenskan (HA). The five-year agreement is effective from July 1 this year until June 30, 2026. It represents a historic effort to make Swedish hockey more equal with extra resources being put into the Swedish Women’s Hockey League. Alongside the …

Read More »

Svenska Spel sanctions SEK 3.2bn in direct state dividends    

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 …

Read More »

Svenska Spel secures full sponsorship of ‘beloved’ Swedish Ski Association 

Skidförbundet, the Ski Association of Sweden, has announced that Svenska Spel will serve as its new ‘principal partner’ for the next five years.  Through the agreement, the state-owned lottery and betting shop operator will become the lead sponsor of Sweden’s pro-skiing federation, committing an investment of SEK 125 million (€12.5 million) in Skidförbundet’s pro-athlete and youth development programmes. Svenska Spel’s …

Read More »

Svenska Spel focuses on digitisation to mitigate Cosmopol hurt

The enforced closure of Sweden’s Casino Cosmopol venues continues to disrupt Svenska Spel trading, as the state-owned operator reported a 14% decline in group Q4 net gaming revenues to SEK 2,212 million (Q4 2019: 2,247 million).  Svenska Spel has predicted that if Casino Cosmopol venues are to remain closed for a further quarter, it will face a SEK 250 million …

Read More »

Svenska Spel extends Swedish Sports Federation alliance

Svenska Spel has extended its partnership with the Swedish Sports Federation, Riksidrottsförbundet, with the agreement now expected to run until 31 December 2022. The new agreement is reported to be worth SEK 42 million over the two year period, and will be effective from 1 January 2021. The duo will focus on securing funds for the country’s sports organisations as …

Read More »

Svenska Spel delivers on social mandate despite COVID-19 impacts

Svenska Spel

Svenska Spel has revealed that the remainder of 2020 ‘looks brighter going forward’, after the operator confirmed that COVID-19 had affected group revenues. Publishing its interim results for the period January – June 2020, Svenska Spel reported a 10% drop in net gaming revenues compared to 2019, having fallen by SEK 394 million to SEK 3.7 billion (€356m). Operating profit …

Read More »

Svenska Spel urges government to ban lottery betting

Svenska Spel

Svenska Spel has called for the Swedish government to ban lottery betting, emphasising that ‘secondary lotteries’ are reducing the market share held by not-for-profit lottery operators. Svenska Spel CEO Patrik Hofbauer hit out at ‘shadow games’ operators for offering lotteries without a licence, which he argued poses a risk to the financial health of sports clubs and other nonprofits in …

Read More »

Svenska Spel extends agreement with Swedish Sports Federation

Svenska Spel

Svenska Spel has extended its long-standing cooperation with the Swedish Sports Federation as part of a SEK 17m agreement. The deal, which comes into force on 1 June and will last until 31 December 2020, will help secure ‘important funds for the sports movement in a difficult time’. Patrik Hofbauer, President and CEO of Svenska Spel, commented: “When the Swedish …

Read More »

Svenska Spel makes advanced payment to grassroots sport scheme

Svenska Spel

Swedish gambling operator Svenska Spel has confirmed that it will make an advanced payment of SEK 20 million to its grassroots sports initiatives following a number of concerns over COVID-19. Svenska Spel’s Gräsroten initiative has been running over seven years, and usually distributes funds to the grassroots initiatives in November of each year. The payment will now be divided into …

Read More »

Svenska Spel rolls out match-fixing education programme across football clubs

Swedish state-owned gambling operator Svenska Spel has strengthened its commitment to tackling match-fixing by rolling out a new digital education initiative across 2,328 football clubs. The aim of the initiative is to offer both athletes and football associations a greater understanding of the risks associated with match-fixing. The scheme, which includes information on spotting signs of problem gambling, has been …

Read More »