Swedish gambling operator ATG reported a two per cent rise in net gaming revenue for Q1, rising to SEK5.4bn (£400.3m).
Its horseracing arm’s revenue was flat at SEK3.9bn (£289.1m) but sports betting and casino revenue climbed by eight per cent to SEK778m (£57.7m) and SEK689m (£51.1m), respectively.
Total revenue, incorporating ATG’s operations in Denmark, increased two per cent to SEK6.2bn (£459.6m).
Costs, which were impacted by a SEK108m (£8m) addition due to the increased gaming tax in Sweden, climbed three per cent to SEK4.4bn (£326.1m).
Operating profit was unchanged at SEK1.8bn (£133.4m).
“It is pleasing that we can deliver the same results as for 2023 despite the increased gaming tax in 2024,” said ATG chief financial officer Lotta Nilsson Viitala.
“Being an efficient company and having a high result is important to us as our entire surplus goes to our owners, Svensk Travsport and Svensk Galopp.”
Read more: ATG notes 'downward trend' in latest Swedish channelisation rate report
