Swedish operator ATG says it expects to incur increased costs of SEK200m (£14.9m) next year as a result of the increase in gaming tax.
Reporting its half-year results, the company said its costs for the period, including gambling tax, totalled SEK2.2bn (£164.2m), an increase of three per cent or SEK65m (£4.8m).
However, the Swedish government has rolled out a blanket increase of four per cent on the gambling tax to 22 per cent, which ATG and the Swedish gambling regulator, Spelinspektionen, have both raised concerns about.
In financial terms, ATG said the tax hike will cost the company SEK100m (£7.5m) in increased costs in 2024 before rising further in 2025.
Nevertheless, ATG reported a six per cent year-on-year increase in net gaming revenue to SEK2.7bn (£201.4m), the highest-ever at the halfway point of the year, said chief financial officer Lotta Nilsson Viitala.
Total revenue rose six per cent to SEK3.1bn (£231.1m).
Operating profit climbed by 13 per cent to SEK841m (£62.7m) and ATG said it now has 1.4 million active customers.
ATG, like its Swedish rival Svenska Spel, has also begun reporting the share of revenues which came from so-called ‘healthy’ gambling.
It said 204,000 customers have completed a self-test which found 88 per cent are “green” in their gambling, with the share of “green” gambling turnover amounting to 80 per cent.
