$/€ ATG Q1 Earnings Report: Net Gaming Revenue Crosses $ 119 Million Mark
Kate Marshal
30 April 2024
Comment 0
Swedish gambling operator, Aktiebolaget Trav och Galopp (ATG), has reported a surge in its net gaming revenue (NGR) to $119.8 million in the first quarter of 2024, marking a year-on-year increase of 9.2%.
The boost in revenue was primarily driven by horse race betting, which made up nearly three-quarters (74.5%) of all gaming revenue, showing a growth of 13.3% compared to the same period last year.
Meanwhile, online casino revenue also saw a rise, with NGR increasing by 13.8% to $14.2 million. This growth in horse racing and casino revenues helped balance a 10.8% decrease in sports betting revenue, which came in at $14.9 million.
The overall revenue for the first quarter rose by 9% to $129.3 million, with an operating profit of $33.5 million.
In a recent move, ATG called on banks to halt payments to unlicensed gambling operators, following a report that showed a continued decline in player numbers in the fourth quarter of last year.
ATG noted that since the Swedish online gambling market was regulated in 2019, traffic to unlicensed operators has increased tenfold.
Best Bonuses
Official PINCO Promo Code
Активен до: 22.12.2026
New players at Pinco can claim a 160% casino bonus on their first deposit by registering with the promo code GPARK.
Official Fonbet Promo Code 2025 for €3,000
Активен до: 22.12.2026
Choose a multi-stage casino bonus and get up to €3,000 and 225 free spins across your first five deposits.
Bonus Promo code PIN-UP — Special Promo
Активен до: 22.12.2025
Profitable bonus with using our promo code up to €5,000
Registration Promo Code 22Bet for 2025
Активен до: 22.12.2025
Super profitable bonus on our promo code: up to $122 for betting
Bet-at-home Bonus Code for €300 Bonus
Активен до: 31.12.2025
Activate your bonus $/€300 with the Bet-at-home bonus code! Up to 100% bonus on the first free deposits.
Valid Bet365 Bonus Code for Free Bet €30
Активен до: 31.12.2025
Use unique Bet365 bonus code – claim €30 free bet. You have up to 30 days from registering your account.
