Tag: AB Trav och Galopp

ATG CEO: FY22 results success despite “turbulent and troubled year”

Former Swedish trotting monopoly Aktiebolaget Trav och Galopp (ATG) has reported full-year 2022 revenue of SEK6.04bn (£480.9m/€546.5m), a slight decrease of 1.2% compared to 2021, despite a “turbulent and troubled” 2022.

The total revenue consists of net gaming revenue at SEK5.22bn, agency income of SEK234m and other incomes at SEK584bn.

Hasse Lord Skarplöth, CEO of ATG, said that the operator had delivered good results for the period – particularly in terms of sport and casino – regardless of outside challenges.

“I ended last year’s CEO speech by saying ‘we can look forward to an exciting 2022’,” said Skarplöth. “So, a year later, I can state that I got a little more right than I wanted – but in the wrong way.

“ATG, during such a turbulent and troubled year, succeeding in increasing the net gaming revenue in both sports and casino by 8% and 49%, respectively, is a well-approved result.”

Specifically, Skarplöth was referring to recovery from the Covid-19 pandemic, the war in Ukrai..

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Swedish monopolies carving out their place in the market

In the second part of Daniel O’Boyle’s deep dive into the changing role of Sweden’s gambling monopolies, ATG CEO Hasse Lord Skarplöth and Svenska Spel CEO Patrik Hofbauer discuss how their businesses have evolved since re-regulation.

When the new Gambling Act came into force in 2019, Svenska Spel and AB Trav och Galopp (ATG) face licensed competition online for the first time. They underwent many changes themselves.

2019: a new era for Swedish gambling regulation

For Svenska Spel the changes were mostly aimed at preventing the business from using its former monopoly status to gain an unfair leg-up in online betting and gaming.

Sweden launched its regulated gambling market in January 2019

This necessitated major changes, Hofbauer recalls.

“The biggest change was to adjust the whole organisation and operations to be in line with the re-regulated gambling legislation. Today Svenska Spel operates as a group with three separate business areas.

“And an important factor in that was c..

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