Swedish gaming operator ATG says the increased gambling tax has cost the company to the tune of SEK55m (£4m) in the third quarter.
Sweden’s gambling tax rate rose from 18 per cent to 22 per cent from July, but the increased costs have not totally dampened the mood at ATG.
The company reported record net gaming revenue of SEK4bn (£291.97m), including its horse, sports and casino business segments in both Sweden and Denmark.
Total revenue rose two per cent to SEK4.5bn (£328.5m), operating profit was flat at SEK1.2bn (£87.6m) and overall costs increased three per cent to SEK3.3bn (£240.9m).
The SEK55m in increased tax contributed to ATG’s operating margin declining from 28 per cent to 27 per cent.
Casino revenue at ATG rose 10 per cent to SEK517m (£37.7m) and sports revenue climbed two per cent to SEK541m (£39.5m).
