Svenska Spel Gains Profits
May 2nd, 2007Author: Mark Newman
Svenska Spel is a Swedish state-owned gambling monopoly. It operates over 20 online betting games.
It has recently been announced that Svenska Spel’s profits in the first quarter have risen by 22% and totaled €157 million. As for its net revenue for the quarter, it has risen by 12% and it is reported to be as high as €260.3 million. This March’s expansion into the online poker market has proved to be very successful for the company, and it is believed it has helped to gain some profit after losses.
In spite of severe rivalry, the company has managed to become a world leader in socially responsible gaming providing safe environment.
