ATG, the Swedish Horseracing Totalisator Board, has reported a slight revenue drop for H1, recording a top-line decrease of 2% year-on-year.
In total, ATG generated SEK 2.6bn ($243m) in net gaming revenue (NGR), a modest fall when compared to last year. However, revenue from ATG’s sports betting and casino segments is on the rise.
The former experienced 3% top-line growth, while the latter posted a 47% increase, which the company said was a result of temporary restrictions being removed last November.
But a drop in revenue from horse race betting partially offset both segments’ growth, while rising costs impacted ATG’s profitability.