Revenues and operating profit continue to decline for Swedish national state-owned gaming operator Svenska Spel. The negative trend is contributed to increases in competition from unlicensed operators and in consumer protection measures initiated by the company last year.
According to iGamingBusiness, the company's net gaming revenue during the first quarter of 2015 declined by 4.7 percent when compared with the first quarter of 2014, for a total of 2.2 billion Swedish Krona ($263 million USD). Additionally, operating profit declined by 4.2 percent during the same periods to 1.19 billion ($142 million) Swedish Krona.