ATG Q2 revenues up 2% as Swedish taxes hit profits

Company reports a double-digit drop in horseracing revenues, but says sports betting and online casino “off to a good start” in Q2

Former Swedish monopoly operator AB Trav och Galopp (ATG) has reported a 2% year-on-year rise in net gaming revenue for the second quarter of 2019, with revenues hitting SEK1.1bn (£93m). Operating profits fell by 65% YoY during the same period to SEK302m, a decline which the company attributed to the impact of Swedish betting taxes…

ATG | Finance | Horseracing | Regulation | Sports betting | Sweden