Tag Archives: expekt

Niklas Lindahl has announced that he has ended his tenure as Global Chief Marketing Officer (Global CMO) of LeoVegas AB. The announcement was made via a LinkedIn post, in which Lindahl thanked LeoVegas colleagues for “the most amazing 5 years in my career. It has been a great ride. I will miss you all. LeoVegas is a one-of-a-kind company. Having …

Kambi has renewed its partnership with LeoVegas Group for the second time, as the MGM-owned gaming company seeks to expand its sports betting operations. The multi-year extension sees Stockholm-listed B2B provider Kambi continue to provide its sports betting technology to LeoVegas. This will include its AI-powered trading service and Bet Builder product. LeoVegas has been a client of Kambi since …

LeoVegas has taken another step in its strategy of enhancing its sports betting operations, with a particular focus in the Nordic markets, relaunching the Expekt brand in Denmark. The company, which has traditionally focused on online casino products, has taken its ‘Nye Expekt’ (New Expect) sportsbook live in Denmark following a successful run in neighbouring Sweden. Expekt returns to Denmark …

LeoVegas AB has detailed stable trading ahead of its business takeover by MGM Resorts, set to be concluded by end-of-year trading.  The Stockholm-listed online gambling group published its likely last quarterly trading update, registering corporate revenues of €98m, which reflected a near 1% decline on 2021 comparative results of €99.4m. Period highlights saw LeoVegas maintain growth in its home Nordic …

LeoVegas AB has praised the performance of its product portfolio and investment strategy in outriding industry-wide European headwinds, as the Stockholm-listed online gambling group becomes an acquisition target of MGM Resorts.  Publishing its Q1 trading results, LeoVegas registered corporate revenues of €98.5 million, up 2% on corresponding 2021 results of €96.7 million. Excluding Dutch market restrictions, LeoVegas revenue growth increased …

LeoVegas AB will utilise personalised on-site messages to interact with customers in its key markets of Sweden and Denmark, making them aware of its suite of safer gambling tools.  The decision follows the successful trial of personalised on-site messaging with UK customers that has been running since the Autumn of 2021. “On-site messaging is a proven way of increasing customer …

LeoVegas AB has posted stagnant financial results, with corporate performance dogged by market exposures to changed regulatory conditions within the Netherlands and Germany. Publishing its Q4 trading statement, the firm saw its period like-for-like corporate revenues maintained at €98 million. The Stockholm-listed operator informed investors that “excluding Germany and the Netherlands”, period revenues would have increased by 26%. Q4 adjusted …

Successes in Italy, Sweden, Spain and Canada have helped LeoVegas to navigate a difficult year, with German and Dutch regulatory changes in particular posing major challenges. Updating stakeholders in its Q3 trading update, the Nasdaq-listed gambling group detailed that its total revenue had increased by 12% to €99.4 million (2020: €88.9m), while EBITDA stood at €11.5 million (2020: €11.9m) – …

LeoVegas AB experienced significant challenges in the German market during H1 2021, contributing to a decline in revenues, although results outside this market were considerably more positive. Publishing its second quarter trading results, the Stockholm-listed operator revealed that its revenue decreased by 13% compared to previous year comparatives – generating €96.8 million (Q2 2020: €110.7m). Group EBITDA also declined to …

LeoVegas AB has announced the completion of its €5 million acquisition of legacy online sportsbook Expekt from Betclic Group – a deal announced last March.  The Stockholm-listed online gambling group will move to revamp Expekt’s platform and further rebrand the heritage firm’s identity, which had formerly traded as one of the Nordic markets most popular online sportsbooks during the 2000s. …