Sweden’s ATG reports record revenue for 2020

The state-owned gaming operator saw revenue climb 21 per cent year-on-year.

Sweden.- The former horseracing betting monopoly Aktiebolaget Trav och Galopp (ATG) saw its best year in history in 2020, with net gaming revenue up 21 per cent year-on-year to SEK5.36bn (€531.8m).

Operating profit rose 49 per cent to SEK2.24bn as revenue increased across all verticals. Due to the Covid-19 pandemic, three-quarters of sales were online.

See also: ATG continues row over funding of Swedish racing

Horse racing revenue climbed 51 per cent following the suspension of most other sports events for a large part of the year due to the Covid-19 pandemic. 

However, revenue remained up by 20 per cent year-on-year even after the return of other sporting events in the final quarter.

See also: Videoslots hit with injunction over Swedish deposit limit loophole

Casino revenue climbed 20 per cent, although the operator noted that it fell in the final quarter due to Sweden’s temporary deposit limit introduced in July.

ATG CEO Hans Lord Skarplöth said: “Growing with good profitability is always something to be proud of, growing with increased profitability feels great.”