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 …
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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 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 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 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
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 »Svenska Spel backs grassroots sports with SEK50m donation
Swedish gambling operator Svenska Spel has continued its commitment to youth sports across Sweden after donating more than SEK50m (£4m) as part of its Gräsroten initiative. The donation marks the seventh consecutive year that the operator has supported grassroots sports across the country, with football having received the most money. In total, over half a million Swedes have distributed the …
Read More »Svenska Spel allows retailers to sell games via new online platform
Swedish gambling operator Svenska Spel has launched a new online gaming platform which will allow ‘all physical agents affiliated with Svenska Spel Sport & Casino to sell their participation games to customers all over Sweden.’ The new platform will be rolled out through the operator’s Svenska Spel Sport & Casino subsidiary, with retailers permitted to offer the Stryktipset, Europatipset, Topptipset, …
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