The newly-regulated Swedish iGaming market revealed its financial report for the first quarter and posted total turnover of €313.8 million.
Sweden.- After updating regulations, the Swedish iGaming market revealed its first financial report. During the first quarter, the segment posted total turnover of €313.8 million, the Swedish Tax Agency informed.
In January, online gaming turnover reached €106 million, slightly declined to €104 million in February and was flat in March.
The former horse racing monopoly AB Trav och Galopp (ATG) led the market with turnover of €102 million. It posted €33 million in January, €30.4 million in February and grew to €38.3 million in March.
The Svenska Spel Sport & Casino reported turnover of €55 million for the three months. €18 million in January, €18.3 million in February and repeated in March.
The new market
The newly-regulated Swedish iGaming market launched on January 1, introducing major changes for the local industry, such as the rebrand of the local regulator and the introduction of new iGaming companies.
AhaWorld, White Hat Gaming and Hero Gaming have all received online casino licences on December 27 and brought the total number of companies that debuted the market on the first day of the year to 60.
GVC is one of the companies that has rolled out its products with the re-regulation: “We are delighted to get the year off to a positive start with the launch of bwin.se and partypoker.se,” said Shay Segev, chief operating officer of GVC.