Svenska Spel has had an eventful first quarter with the launch of the new game Lyckoplatsen, high participation in Tips-SM, and Sweden’s highest gaming win ever.

Despite many positive events during the quarter, the group’s revenue is decreasing – strongly affected by lower revenue for Casino Cosmopol and Vegas, as well as a later Easter this year. At the same time, last year’s major restructuring provides opportunities for new investments for the future.

Through last year’s major restructuring, including reorganization, we have created space for investments in our focus areas – growth, sustainable gaming and transformation. The fact that we have space for investments is also proof that we are doing the right things and part of our strategy to create long-term sustainable value, says Anna Johnson, President and CEO of Svenska Spel.

The group’s net gaming revenue for the quarter is SEK 1,876 million (1,956), which is a decrease of 4 percent compared to the same quarter last year. The decrease is mainly due to challenging comparative figures for land-based casinos and slot machines, as well as strengthened gaming responsibility measures.

Net gaming revenue for the Luck business area decreased by 1 percent compared to the same quarter last year. This is primarily due to the fact that Easter, which is usually an important sales period for lotteries, does not fall until April this year. Eurojackpot continues to be the growth engine in the lottery portfolio.

For the Sport & Casino business area, net gaming revenue is on par with the same quarter last year. The sports betting offering continues to drive growth under the Oddset brand and has been updated during the quarter for an even better gaming experience.

The Vegas business area’s net gaming revenue decreased by 26 percent and continues to be negatively affected by strengthened responsible gaming measures and the challenging economic situation for business partners.

Net gaming revenue for the Casino Cosmopol business area decreased by 61 percent. This is mainly due to only one casino being open during the quarter, compared to three casinos for parts of the quarter last year. On April 2, the Riksdag decided on a legislative amendment that means that state-owned land-based casinos will no longer be offered from the turn of the year. This means that the last casino, Casino Cosmopol in Stockholm, will be closed and that part of Svenska Spel’s social mission will end from 2026.

The Group’s operating profit increases by 96 percent to SEK 609 million (310) and the operating margin amounts to 32 percent (16). The increase in operating profit and operating margin is due to the fact that the corresponding quarter last year contained one-off costs of approximately SEK 375 million.

The Group’s online business continues to grow, this quarter by 7 percent compared to the same quarter last year. Online accounts for 62 percent (56) of the Group’s revenue during the quarter.

The quarter’s major product innovation is the launch of Lyckoplatsen, a new game in the lottery portfolio. It has the whole of Sweden as its playing field and is played by the customer choosing their own lucky spot on the map. When playing on Lyckoplatsen, customers can also choose to contribute to a good cause by supporting a non-profit organization. Then 10 percent of the contribution goes to the organization of the customer’s choice.

During the quarter, the 28th edition of Stryktipset’s Tips-SM championship was held. More than 58,000 people and 3,800 teams were registered, which is more than the previous year and the highest number of participants since 2019.