Tag Archives: Gustaf Hagman

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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MGM targets $607m takeover of LeoVegas to move igaming vision beyond US shores

The board of LeoVegas AB has ‘unanimously recommended’ to investors an SEK 61 (€5.90) cash-per-share takeover offer submitted by US casino and entertainment group MGM Resorts. Publishing deal terms this morning, LeoVegas has advised shareholders to accept MGM’s offer, which has placed a 44% premium on the firm’s SEK 42.3 (€4.10) closing price on the Stockholm Nasdaq as of Friday, 29 …

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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 launches Warsaw tech hub to maintain strategic momentum

Detailing an ambition to remain at the forefront of technology development and innovation, LeoVegas Group has launched a tech hub in Warsaw. The international gambling group plans to hire 60 developers at the new Warsaw site over the next two years alongside ongoing recruitment in the UK, Sweden and Netherlands. LeoVegas has identified a “growing demand” for technological development in …

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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 protects UK customers with AI smart individual deposit limits 

LeoVegas Championship

LeoVegas AB has introduced instant and individually personalised deposit limits across its UK gambling brand portfolio of LeoVegas.com, PinkCasino, BetUK, and 21.co.uk. The safeguards form part of the Stockholm-listed online gambling group’s safer gambling and customer care mandate. Using third-party data and a proprietary risk prediction model, all LeoVegas Group’s UK customers will be assigned a personal deposit limit at …

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LeoVegas moves to trade bonds on Nasdaq Stockholm

Finansinspektionen – the Swedish Financial Supervisory Authority – has approved for LeoVegas AB to trade its bond placements on the Nasdaq Stockholm.  The online gambling group, registered on the Nasdaq Stockholm as ‘LEO’, has made the move in accordance with the terms of its senior unsecured bonds of SEK 500 million (€50m) secured in September 2021, under a framework of …

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LeoVegas secures Danish licence extension until 2026

Spillemyndigheden, Denmark’s Gambling Authority, has renewed the operating licence of LeoVegas AB for a further five years, until 2026.  The extension will allow LeoVegas to continue operating its online casino and sportsbook brands for the regulated market of Denmark, which reformed its online gambling laws in 2018. LeoVegas has operated in the Danish market since 2016 and has since become …

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LeoVegas gains financial flexibility via issue of unsecured bonds

LeoVegas has disclosed the successful issuance of senior unsecured bonds of SEK 500m in 2020 under a framework of up to SEK 800m. The online gambling group first announced this intention in November 2020, suggesting that it would enable the group to deliver on its expansion strategy amid a “focus on regulated markets and markets soon to become regulated”. Alongside …

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LeoVegas launches AI-powered messaging as part of safer gambling strategy

LeoVegas Group has moved to strengthen its safer gambling offering via the launch of a new layer of AI-powered messaging, analysing customer behaviour and risk profiles. The offering will be initially launched in the UK via the LeoVegas, PinkCasino, BetUK and 21.co.uk brands, where LeoVegas customers will receive onsite messages with individualised content based on their profiles, containing information and …

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