Tag Archives: Gustaf Hagman

LeoVegas reports strong Q3 despite facing ‘greater regulatory complexity’

Mobile gaming group LeoVegas has reported a strong performance during Q3, with revenues increasing by 12%, despite the group continuing to face a ‘difficult-to-navigate’ regulatory environment. Publishing its quarterly report for the period 1 July – 30 September 2019, the group noted an increase in revenues from €78.6m in 2018 to €88.2m, while EBIDTA jumped from €8.96m to €12.75m.  LeoVegas …

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LeoVegas agrees €15m Authentic Gaming offload to Genting

Issuing a market filing this morning, the governance of Stockholm-listed LeoVegas AB has agreed to sell its live gaming vertical Authentic Gaming to Genting Group for €15 million (£13m). Updating investors, LeoVegas details that the transaction is undertaken on a ‘debt-free basis’ and represents a return of more than 100% on its investment in the live gaming enterprise. LeoVegas’ investment in Authentic …

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LeoVegas overturns Swedish licensing restrictions

Stockholm-listed online gambling group LeoVegas AB has re-established its five-year Swedish gaming licence, having won its appeal against gaming inspectorate Spelinspektionen. LeoVegas governance had challenged Spelinspektionen’s decision to limit its licence to a two-year operating period, in relation to committing UK advertising violations. Filing a challenge with the Swedish Administrative Court of Linköping, LeoVegas governance contested the decision by stating …

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LeoVegas posts record Q2 revenues despite big market challenges

LeoVegas

LeoVegas said it has found a more balanced geographical mix despite finding the UK market “challenging” and delivering just satisfactory results in Sweden. The operator’s Group CEO Gustaf Hagman said that Q2 2019 was its best quarter ever, with revenues of €94.4 million (up 8 per cent from Q2 2018) contributing to “good underlying growth and profitability” for H1 2019 …

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LeoVegas AB moves on Spanish ‘soft launch’

Stockholm-listed online gambling group LeoVegas AB has announced the ‘soft launch’ of its first Spanish domain – LeoVegas.es. This July, LeoVegas governance announced that it had secured approved DGOJ licenses, allowing the online gambling group to operate B2C casino and sportsbook provisions for the regulated Spanish online gambling marketplace. Detailing a quick turnaround, the online gambling group launches a ‘lite …

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LeoVegas gets ready for Spanish market launch

Stockholm-listed LeoVegas AB has confirmed that it will launch its services for the regulated Spanish online gambling market, as the European operator prepares to enter its ‘7th locally regulated market’. Issuing an update, LeoVegas governance confirms that it has secured DGOJ approved licenses for both Spanish casino and sportsbook provisions, with the company moving to launch its initial Spanish domain …

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LeoVegas positive over 2019 outlook despite UK & Sweden adjustments

LeoVegas

Stockholm-listed online gambling group LeoVegas AB has detailed a positive opening to 2019 trading, as the company adjusts to new regulatory conditions within the UK and Sweden. Publishing its Q1 2019 trading update (period ending 31 March), LeoVegas reports a 12% increase in corporate revenues to €86 million (Q12018: €77m), as the company records double-digit growth in customer metrics related …

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Spelinspektionen issues second licence to LeoVegas

SafeEnt

Online betting operator LeoVegas is growing its Swedish presence after gaining its second licence in the country for its new brand, pixel.bet. The five-year licence has been issued by the country’s regulator, Spelinspektionen, for both online casino and sports betting. Gustaf Hagman, LeoVegas’ Group CEO, celebrated the new licence: “During a year when we focus on strong growth but also …

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LeoVegas looks to the future after closing challenging 2018

LeoVegas - Two chairs with flags of UK and sweden isolated on white. 3D illustration

Stockholm-listed online gambling group LeoVegas AB recovered from a transitional Q3 period to post a 25 per cent revenue increase to €84.5m for Q4 2018 (1 October to 31 December) trading. However, the operator’s organic growth in local currencies excluding the UK was just 14%, a figure which, according to Regulus Partners, “represents a material gap down on what the …

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LeoVegas sets 50% regulated market revenue target for 2019

The end of a long and ultimately successful road towards gambling market liberalisation in Sweden has put one of its own – Stockholm-listed LeoVegas AB – on target to break the 50 per cent barrier for revenues derived from regulated markets. ________________ LeoVegas has told SBC Magazine that it expects to derive more than 50 per cent of its revenues …

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