{"id":278,"date":"2024-06-28T13:43:23","date_gmt":"2024-06-28T10:43:23","guid":{"rendered":"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/28\/atg-reports-lower-net-gaming-income-in-q1-2023\/"},"modified":"2024-06-28T13:43:23","modified_gmt":"2024-06-28T10:43:23","slug":"atg-reports-lower-net-gaming-income-in-q1-2023","status":"publish","type":"post","link":"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/28\/atg-reports-lower-net-gaming-income-in-q1-2023\/","title":{"rendered":"ATG Reports Lower Net Gaming Income in Q1 2023"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/H7xLoDdrf4c\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Swedish former horse racing monopoly, Aktiebolaget Trav och Galopp (ATG), reported net gaming income of SEK 1.19 billion (approximately \u00a392 million, \u20ac104.9 million, or $115.3 million) in the initial three months of 2023.<\/p>\n<p>This signifies a decrease of 5.9% in comparison to the equivalent period in 2022.<\/p>\n<p>Overall earnings for the quarter reached SEK 1.37 billion, marking a 6.1% decline. This includes SEK 50 million in agency earnings and SEK 129 million in other income.<\/p>\n<p>ATG&#8217;s chief executive, Hasse Lord Skarpl\u00f6th, attributed the first quarter&#8217;s performance to a &#8220;volatile environment,&#8221; citing factors such as the cost of living predicament, inflation, and elevated interest rates. This aligns with Skarpl\u00f6th&#8217;s prior remarks on ATG&#8217;s full-year 2022 performance.<\/p>\n<p>Skarpl\u00f6th highlighted that horse racing and sports wagering both exhibited improvement, but he added that horse racing earnings experienced a downturn.<\/p>\n<p>&#8220;Our sports and casino product areas continued to expand by 10% and 20% respectively,&#8221; he stated.<\/p>\n<p>&#8220;Net gaming revenue for horse racing dropped to SEK 854 million (-12%) compared to the corresponding period last year, but we retained our market share in horse racing betting.&#8221;<\/p>\n<p>Initial quarter outcomes. <\/p>\n<p>Equine racing earnings in Sweden make up three-quarters of overall wagering earnings, whereas in Denmark, it&#8217;s 23%.  In athletic wagering, Sweden&#8217;s earnings are 16% compared to Denmark&#8217;s 23%, and in casino games, Sweden&#8217;s earnings are 9% while Denmark&#8217;s are 54%.<\/p>\n<p>Other expenditures were the largest cost this quarter, totaling 613 million Swedish kronor, an increase of 4.4%.<\/p>\n<p>Wagering tax was 244 million Swedish kronor, up 5.8%, and personnel costs rose by 11.2% to 139 million Swedish kronor.<\/p>\n<p>Depreciation and impairment of intangible and tangible fixed assets reached 78 million Swedish kronor, an increase of 4 million Swedish kronor compared to the same period last year, while activated self-employment increased by 19 million Swedish kronor.<\/p>\n<p>This resulted in an operational profit of 317 million Swedish kronor, a decrease of 15.7%.<\/p>\n<p>The outcome from financial terms was 4 million Swedish kronor, bringing the pre-tax profit to 321 million Swedish kronor. After subtracting 13 million Swedish kronor in income tax, the total profit for the quarter was 308 million Swedish kronor, down 16.3%.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Swedish former horse racing monopoly, Aktiebolaget Trav och Galopp (ATG), reported net gaming income of SEK 1.19 billion (approximately \u00a392 million, \u20ac104.9 million, or $115.3 million) in the initial&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ATG Reports Lower Q1 2023 Earnings<\/title>\n<meta name=\"description\" content=\"Swedish gambling operator ATG saw a decline in net gaming income for the first quarter of 2023, with a 5.9% decrease compared to the same period last year.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/28\/atg-reports-lower-net-gaming-income-in-q1-2023\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"ATG Reports Lower Net Gaming Income in Q1 2023\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Swedish gambling operator ATG saw a decline in net gaming income for the first quarter of 2023, with a 5.9% decrease compared to the same period last year.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/28\/atg-reports-lower-net-gaming-income-in-q1-2023\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Where Casino Enthusiasts Find Their Winning Stride | Licensed\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-28T10:43:23+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/28\/atg-reports-lower-net-gaming-income-in-q1-2023\/\",\"url\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/28\/atg-reports-lower-net-gaming-income-in-q1-2023\/\",\"name\":\"ATG Reports Lower Q1 2023 Earnings\",\"isPartOf\":{\"@id\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/#website\"},\"datePublished\":\"2024-06-28T10:43:23+00:00\",\"dateModified\":\"2024-06-28T10:43:23+00:00\",\"author\":{\"@id\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Swedish gambling operator ATG saw a decline in net gaming income for the first quarter of 2023, with a 5.9% decrease compared to the same period last year.\",\"breadcrumb\":{\"@id\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/28\/atg-reports-lower-net-gaming-income-in-q1-2023\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/28\/atg-reports-lower-net-gaming-income-in-q1-2023\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/28\/atg-reports-lower-net-gaming-income-in-q1-2023\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ATG Reports Lower Net Gaming Income in Q1 2023\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/#website\",\"url\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/\",\"name\":\"Where Casino Enthusiasts Find Their Winning Stride | Licensed\",\"description\":\"Stay on top of the online gambling world through our regularly updated news, in-depth reviews, and informative insights. 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