Svenska Spel Revenues Continue To Fall

Swedish gambling firm sees Q1-2015 revenues fall 4.7 percent

The Swedish government's gambling enterprise Svenska Spel has experienced another less than impressive quarter, reporting lower Q1-2015 results, although the online division fared better than other verticals in the business.
The quarterly results included:
* Revenue down 4.7 percent year-on-year at SEK 1.19 billion;
* Online revenue up 5.5 percent to SEK 421 million;
* Mobile revenue up 53 percent;
* Hopes for better performance if and when government allows the company to offer online casino action;
* Continued cost-cutting – principally in marketing – to improve margins;
* The company, which is constrained in its marketing activity by government policy, continues to be out-marketed by competitors, who are dominating the sector in terms of advertising.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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