The first six months of the year have brought shaky financial results for the Danish gambling company Danske Spil.
Denmark.- Danske Spil has reported a satisfactory development of the company’s gross gaming income in the first half of 2019. It reported that it continues its strong contribution to the Treasury and to the distribution funds that support charitable causes in the Danish society, despite Danske Spil posting a slight financial decrease.
Danske Spil’s gross gaming revenue (GGR) in the first half of the year totalled €333.9 million, which is slightly down from the €340.5 million reported during the same period last year. The Danske Spil online division, however, reported a financial increase in revenues to €142.1 million.
The Danske Spil interim financial report shows a slight decrease of just under 2% in the total gross gaming revenue. The fall is due to the separation of CEGO as a result of the sale of Danske Spils’ ownership interest at the end of June.
Chairman of the Board of Directors of Danske Spil, Peter Gæmelke, said: “The interim financial statements for H1 are satisfactory. We have succeeded in having a solid operation while also making significant changes in the way we do things here. We have emphasised on the Board that the business continues the digital transformation while at the same time we are very keen on the focus on our core business and on the whole being the best and most regular gaming company in Denmark. I’m glad that we have also taken significant steps in 2019 to ensure that we live up to these goals.”
The CEO’s word
Danske Spil CEO Susanne Mørch Koch, added: “I am very happy with our first financial half-year at Danske Spil. We have succeeded in maintaining the healthy operation of the company. At the same time, we continue to intensify our digital development. This can further strengthen Danske Spil’s position with our customers and helps to secure Danske Spil’s growing market shares. At the same time, we have made two large business transactions and thus strengthened our core business.”
“Danske Spil takes over Tivoli Casino and has sold its share of CEGO. A sale that took place on conditions that were very satisfactory for Danske Spil and our owners. All in all, this means that in the first half of 2019 we will continue to live up to our promises to Danish society and to our customers in the form of money for the Danish Treasury.”
Danske Spil appoints new CFO
Last month, Danske Spil appointed Søren Skovdal Rasmussen as the new CFO, succeeding Allan Auning-Hansen.
Rasmussen, who will start his new position on November 1, succeeds Auning-Hansen. The previous CFO that accepted a position at Joe & The Juice as partner officer and financial officer.