Operating profit at Svenska Spel falls by 49% in Q1 2024.

Svenska Spel, a Swedish gambling operator, reported mixed results for Q1 2024. The group's net revenue was SEK 1.96 billion, down 1% year-on-year.

The Casino Cosmopol and Vegas business area saw a 32% revenue decline due to restructuring and casino closures, while online business revenue rose by 6%.

Overall operating profit dropped by 49% due to restructuring costs and a penalty fee.
 
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