Tag Archives: expekt

LeoVegas bolsters tech muscle as MGM buyout looms

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 …

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LeoVegas expands personalised safer gambling messages for Sweden and Denmark

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 …

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LeoVegas to broaden new market horizons to counter Euro drags  

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 …

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LeoVegas performance in key markets offsets regulatory hurdles

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) – …

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LeoVegas H1 dragged by Deustch adjustment as focus turns to Expekt renaissance

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 …

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LeoVegas to refresh Expekt brand and systems for Swedish relaunch

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. …

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LeoVegas strengthens sportsbook vision with €5m buyout of Expekt

LeoVegas AB has agreed to acquire all ‘Expekt Nordics Ltd’ assets from French online gambling operator Betclic Group for a total purchase price of €5 million.  The deal sees LeoVegas take over the management of Expekt – a heritage online sportsbook brand operating across Scandinavian markets since 1999. Updating investors, LeoVegas states that the acquisition has been undertaken to strengthen …

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Scout Gaming enters Brazil through Jogajà deal

Sportradar - Copyright: believeinme33 / 123RF Stock Photo

Scout Gaming has entered the Brazilian market after signing a deal to provide start-up operator Jogajà with its full fantasy sports platform. Jogajà, whose Scout Gaming-powered platform is expected to launch during the first half of 2019, is backed by Swedish venture capitalists with experience of working in Brazil. The product range will be boosted by the inclusion of local …

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Colossus Bets prepares for winner of £10,000,000 Euro 2016 Pool

Colossus Bets has announced that the predictable results of Euro 2016 have resulted in the winning of two ‘Millionaire’ correct score Pick 6 pools. The company has also confirmed that they could have a first ever winner of the ‘The Colossus’ by tonight, the headline pool worth £10,000,000. Poland’s 1-0 defeat of Northern Ireland on Sunday night was the final …

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Betclic & Expekt add Colossus Bets’ multi € million pools to betting inventory

Betclic Everest Group betting subsidiaries’ Betclic and Expekt are the latest betting operators to incorporate Colossus Bets’ multi € million pools product.  The betting brands confirmed that Colossus Bets’ pools had been activated for desktop and mobile verticals, with Betclic and Expekt promoting €70 million in combined jackpots ahead of Euro 2016. Colossus Bets continues its recent form of securing new …

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