Svenska Spel halts games on Division 2
The gambling operator from Sweden has decided to stop games on Division 2 Southern Svealand.
Sweden.- Svenska Spel Sport & Casino has reported its decision to stop bets on Division 2 South Svealand until further notice. This is due to the Swedish Football Association’s request for a suspended game and a high number of suspect matches.
The Swedish company said that it works to ensure that all games are made on the terms of the sport and therefore takes great account of it in the range of games and in the work of securing the integrity of the gaming objects and counteract any manipulation.
“We work daily to ensure that the gaming objects we offer our customers are free from manipulation. In dialogue with the Football Association, we expressed our concern about Division 2 Södra Svealand and when the number of suspect matches is so many that the integrity of the entire series is up to questions, we see no other solution but to stop all games,” said Dan Korhonen, head of sports betting and gaming security at Svenska Spel Sport & Casino.
“Svenska Spel works on the basis of a precautionary principle to ensure the highest possible game security and integrity on the offered gaming objects and will never give up the fight against match-fixing,” added the company.
Svenska Spel announced H1 profit decrease
The state-owned company announced its financial results last week, detailing its operations for the first six months of the current year. Svenska Spel said that revenue for the six months ended June 30 totalled €389.4 million, which is a 4% year-on-year decrease. The online division, Sport & Casino, was the only one to register revenue growth during the six-month period.
Sport & Casino revenue increased to €94.9 million, which is a 5% increase from the same six month period in 2018. New horse race betting products, as well as new online casino offering, drove the growth. However, sports betting experienced a decrease in net gaming revenue.
Moreover, Svenska Spel’s lottery division Tur was the biggest source of profits, despite a 3% decrease to €208.7 million. Draw-based games were the most successful vertical and reported a €1.2 million increase in revenues. Land-based operations saw Casino Cosmopol & Vegas’ revenue fall 14% to €80.5 million.
