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NeoGames signs mutli-national distribution deal with LEIA
Digital

NeoGames signs mutli-national distribution deal with LEIA

Danske Spil is ‘satisfied’ with the results of 2022 trading, according to CEO Nikolas Lyhne-Knudsen
Digital

Danske Spil joins betting stakeholders with €1.6m research funding

Danske Spil is ‘satisfied’ with the results of 2022 trading, according to CEO Nikolas Lyhne-Knudsen
Europe

Danske Spil ‘lives up to expectations’ in 2022 despite uncertainties

Danske Spil extends OpenBet deal
Business

Danske Spil plots sports betting ascent with OpenBet extension

Danske Spil
Europe

Danske Spil shares ‘pride’ in record-breaking profit in 2021

Danske Spil has announced the upcoming appointment of Malene Mølgaard as its new Managing Director of the Lotteri Spil (lottery) unit.
News

Danske Spil appoints Malene Mølgaard as MD of lotteri

The Danish state-owned lottery and gaming operator Danske Spil has published its financial report for Q3 of FY2021, revealing a 2.9% increase in GGR and a 3.4% rise in profits. Danske Lotteri Spil, the lottery side of the business, posted revenues of DKK2.03bn representing an increase of 5.8% year-on-year. The lottery business also contributed to the majority of total profit before financial items. In total, Danske Spil’s profit before financial items stood at DKK1.59bn, up 3.4% YoY, with Danske Lotteri Spil contributing to DKK1.39bn. Meanwhile, the betting and gaming side of the business, Danske Licens Spil, generated DKK1.36bn in revenue, largely thanks to the increased sporting calendar, aided by Denmark reaching the semi-finals of UEFA Euro 2020. However, it was Swush, the operator’s fantasy sports platform which provided the most growth in Q3. Revenues from Swush grew from DKK5.5m in 2020 to DKK15.2m in Q3 2021. COVID-19 is having an impact on Danske Spil’s gaming arm, Epic Gaming, given that more of its halls have been closed throughout Q3 2021 than the previous year. As a result, Epic Gaming’s revenue dropped from DKK188.3m to DKK130.9m. The operator was forced to pay higher taxes throughout 2021 following the decision from the government to increase its tax rate from 20% to 28% from January. As a result, taxes paid to the Danish state were up 25.2% to DKK450.7m. However, due to the strong financial performance throughout the period, the operator posted a post-tax profit of DKK1.23bn, up by DKK54.6m from the previous year Following the strong financial situation of Danske Spil, it has increased its profit guidance for the financial year. Previous forecasts indicated that it would make a profit between DKK1.4-1.5bn, however, updated forecasts predict a profit of DKK1.5-1.6bn.
Business

Danske Spil posts strong Q3 financials despite increased tax rate

Events

Industry’s biggest brands to gather at Betting on Sports Europe

The Danish state-owned lottery Danske Spil has published its financial results for H1 of FY2021, revealing sales and profits have grown slightly year-on-year.
Europe

Danske Spil experiences marginal growth in H1

Pollard Banknote has been awarded a primary contract from Denmark's Danske Lotteri Spil to supply instant ticket printing and related services.
Retail

Pollard Banknote awarded instant ticket contract by Danske Lotteri Spil

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