Svenska Spel reports World Cup boost as Q2 profit rises to SEK 617 million

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Svenska Spel reports World Cup boost as Q2 profit rises to SEK 617 million
Photo: Christine Olsson/TT

The state-owned gaming group Svenska Spel points to a World Cup boost as it reports an operating profit of SEK 617 million for the second quarter of the year. This compares with a profit of SEK 545 million in the corresponding quarter last year.

Net gaming revenue increased to SEK 1,963 million, up from SEK 1,839 million a year earlier.

"The Men's World Cup has had a positive impact on revenue and customer activity in our sports betting business. Sweden's participation in the World Cup has reinforced that effect," Svenska Spel writes in a quarterly report.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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