Global Gaming revenue continues decline but “in line with expectations”

Of this total revenue, SEK 50.7m came from the operator’s own gaming operations, down 66%, while SEK 7.1m came from its own brands on other platforms,  a decrease of 34%.

The quarter saw an operating loss of SEK 400,000, down 99% from the same period of 2019.

The operator saw SEK 33.2m of operating expenses during the quarter, a drop of 73%, and marketing spending was cut by 89% to SEK 9.1m.

Personnel expenses also fell 34% as Global Gaming reduced its number of employees from 137 to 86.

The operator continues to struggle following the revocation of its Swedish license by the Swedish Gambling Authority last year.

Tobias Fagerlund, CEO of Global Gaming, said: “Global Gaming shows strength and delivers a first quarter in line with our expectations.

“Even though we have got help from a strong euro, we are already now close to reaching our first goal for the year; to break even during the first six months.

“Global Gaming continues to show that it is serious in rising and getting back from last year’s negative development.”

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Owain Flanders

Journalist

Owain Flanders is a journalist who spent over a year with Gambling Insider, first joining as an Editorial Intern in August 2019 before progressing to Staff Writer from November 2019 to December 2020. During his tenure, he covered a wide range of developments across the global gambling and iGaming sectors, producing original news stories, in-depth features and analytical pieces for the Gambling Insider website and its bi-monthly magazine.

Owain interviewed CEOs, analysts and senior marketing executives on emerging trends, regulatory issues and commercial strategy, bringing authoritative insight to a professional B2B audience.

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