ATG posts 2% NGR drop for H1

ATG, the Swedish Horseracing Totalisator Board, has reported a slight revenue drop for H1, recording a top-line decrease of 2% year-on-year.

atg h1 2022 report gambling insider web image

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.

Horseracing is the company’s largest source of revenue, as its name suggests, but this only produced SEK 2bn, down 6% year-on-year.

Meanwhile, the group’s expenses, including tax, rose by 4% to SEK 2.2bn. The primary reason for this rise, it said, are “changes in the product mix.”

As a result, ATG produced an operating profit of SEK 805m, a 13% decrease. Lotta Nilsson Viitala, the company’s Chief Financial Officer (CFO), said its H1 results reflect a return to more normal operating conditions post-Covid.

“During the first six months of the year, life has happily returned to normal after the pandemic, with the result that competition from the entire entertainment industry has increased,” she said.

“It presents challenges in now maintaining the same high numbers, but we must continue to deliver exciting gaming experiences in a neat and flexible way in order to develop and grow the company in the long term.”

Premium+ Connections
Premium

RISK

 
Premium

1xBet Partners

 
 
Premium

Revsharks

 
Premium

GammaStack

 
Premium

Lynon

 
Premium

PIN-UP Partners

 
Premium

Digitain

 
Premium

Galaxsys

 
Premium

Imagine Live

 
Premium

Sport Generate

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...