ATG sets new record

Despite tough competition from online gambling firms, Swedish horse racing organisation AB Trav och Galopp returned record results in 2006. Turnover on horse racing betting increased to 11.27 billion kronor, an increase of 2.6 percent on 2005.

“Competition in the gambling market is harder than ever. So it’s extremely pleasing that we have once again set a new record,” said ATG managing director Remy Nilson in a press release.

Since it began operations in 1974, ATG’s turnover has so far only failed to rise in two years, 2002 and 2003.

“Our investment in live broadcasts of races has also been a success. Gambling on the internet has increased by 47 percent,” said Remy Nilson.

Of the 11 billion kronor turnover, players received almost 8 billion kronor in payouts. The state claimed 1.2 billion in tax and 1.3 billion kronor went back into horse racing.