Finance

Svenska Spel online revenue up 14% as Swedish tax dents profits

Operating profit drops by £50m in Q1 as gaming and income tax has “significant impact” on former monopoly operator

Former Swedish monopoly operator Svenska Spel has reported a 14% year-on-year increase in its revenues from online gambling during the first quarter of 2019. The operator also revealed a 21% increase in mobile gaming revenues during the same period. These combined business streams now account for 36% of Svenska Spel’s total business. Overall net gaming…

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