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Svenska Spel to Pay SEK2.9B Dividend to Government
Svenska Spel has announced that it will pay a dividend of SEK2.9bn back to the Swedish government after a year’s trading which saw growth in several key metrics.
Government dividend was marked as the headline announcement by Svenska Spel publishing its full-year 2021 results, in which Sweden’s monopoly for lotteries and land-based gaming performed above expectations.
The monopoly’s TUR lottery unit performed similarly to its FY2020 performance, generating revenues of SEK4.91bn in FY2021 compared to FY2020’s corresponding SEK4.85bn figure.
Operationally, the TUR unit implemented an improved customer experience on its digital channels, designing a more personalised service for its users. Additionally, it launched its Viking Lotto platform as well as several digital lottery games.
Meanwhile, net gaming revenues totalled SEK8.14bn, an increase of 6% on FY2020’s corresponding results of SEK7.67bn.
Revenue growth was attributed to the improved performance of Svenska Spel’s Sports and Casino business, which recorded a 20% increase in revenues to SEK2.35bn from SEK1.95bn in FY2020.
In 2021, Svenska Spel continued to be impacted by COVID-19 restrictions as the company could only partially reopen in land-based Casino Cosmopol and Vegas units with several waves of the virus forcing the government to act.
The closure of the Casino Cosmopol and Vegas unit would impact Svenska Spel’s operating profits to SEK2.46bn, up 3% on 2020 results of SEK2.39bn.
The Swedish monopoly noted a tough end-of-year closing as “renewed effects of the pandemic impacted two of main business areas”, shrinking Q4 profits by 13% to SEK601m.
“I am pleased that the board intends to propose a dividend of SEK2.9bn to the state,” commented Patrik Hofbauer, President and CEO of Svenska Spel.
“The fact that our surplus goes to the Swedish people via the Treasury is one of the reasons why we are the entire Swedish gaming company.
“Our operations are still strongly affected by the pandemic, but have good growth and profitability for the Group.”
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Duelbits unveil Ivory Coast legend Salomon Kalou as Football Ambassador ahead of Africa Cup of Nations 2025
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The post Duelbits unveil Ivory Coast legend Salomon Kalou as Football Ambassador ahead of Africa Cup of Nations 2025 appeared first on European Gaming Industry News.
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Strategic partnership: GKL opts for complete solution from adesso
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GKL Gemeinsame Klassenlotterie der Länder (A.ö.R.) is taking the next major step in its digital transformation. The company has awarded the contract for its new lottery system to IT service provider adesso. In a Europe-wide tender process, adesso won out over international competitors with its comprehensive package of solutions.
At the heart of the partnership is the development and implementation of a completely new lottery system based on adesso’s own LotteryForce platform. The solution is complemented by a high-performance customer relationship management system based on Salesforce technology and secure, future-proof hosting on the adesso business cloud, operated in Germany. Ongoing IT operations will be handled by a specialised application management team from adesso.
The project volume amounts to around 32 million euros. The contract between the two partners will run for a period of 15 years.
Future-proof platform for a traditional lottery format
GKL Gemeinsame Klassenlotterie der Länder (A.ö.R.) is a lottery provider supported by all 16 German federal states, and is also the organiser of the NKL and SKL lotteries. Following the modernisation of its core technical system, GKL is repositioning its platform for the coming years with the aim of optimising processes, providing better support for sales partners and further developing the customer experience.
“In adesso, we have found a partner who understands our industry, knows our structures and has the technological expertise to deliver an integrated, end-to-end solution,” says Jörg Scheidhammer, CIO at GKL. “Not only does adesso offer the best technology, but it also provides a team that will support us holistically on our journey over the next 15 years.”
Setting a course for the lottery’s future
The first project phase will begin in January 2026. Going forward, sales partners are also set to benefit from the new platform. Innovative enhancements such as new game concepts will be integrated into the system, with initial concepts already in planning.
Marc Lorek, Vice President, Lottery Development, adesso SE, says: “The platform will be at the cutting edge of technology, while also setting new standards in terms of customer loyalty, performance and scalability.” Andreas Luckmann, Vice President, Lottery Consulting & Sales, adesso SE, adds: “This marks a whole new beginning for GKL and a flagship project for us. It will see us establishing ourselves as a key strategic partner in the European lottery market.”
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More Draws, More Chances to Win: The UAE Lottery Celebrates Its First Anniversary With Weekly Lucky Day Draws!
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· The Grand Prize of AED 30 million
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· The 2nd Prize of AED 5 million
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· The 3rd Prize of AED 100,000
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· The 4th Prize of AED 1,000
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· The 5th Prize of AED 100
The post More Draws, More Chances to Win: The UAE Lottery Celebrates Its First Anniversary With Weekly Lucky Day Draws! appeared first on European Gaming Industry News.
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