Swedish operator group ATG reported slight net gaming revenue growth for 2023 of one per cent to SEK5.3bn.
ATG’s horserace betting offering, the company’s largest, decreased by three per cent across the year, but its sports betting offering enjoyed growth of 11 per cent.
What’s more, its casino net gaming revenue increased by 20 per cent, and ATG said it has taken a “strong market position” in sports and casino offerings since the re-regulation of the Swedish market in 2019.
“They now account for approximately 26 percent of the group's net gaming revenue, revenue that leads to good results on the bottom line,” said chief financial officer Lotta Nilsson Viitala.
ATG’s Danish subsidiary 25syv grew 16 per cent across 2022.
Total revenue hit SEK6bn, the same as in 2022, and costs decreased two per cent to SEK4.2bn.
Operating profit was SEK1.8bn, up six per cent from 2022. The operating margin of 30 per cent is an improvement of two percentage points.
