Tag Archives: Gustaf Hagman

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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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 poised to launch in New Jersey following Caesars deal

LeoVegas has set its sights on the New Jersey betting market, having developed plans to launch its online casino brand in the state, following an agreement with leading US gambling conglomerate Caesars Entertainment. Marking its first expansion into the burgeoning US gambling industry, LeoVegas expects to be able to accept its first American customers during the first half of 2022, …

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Regulated market success offsets German headwinds for LeoVegas

LeoVegas has delivered a strong start to 2021 despite acknowledging headwinds in the German sector related to updated regulatory requirements in the country, as well as encountering difficulties in the Nordics. As part of its Q1 2021 report, it disclosed that casino accounted for 74% and live casino 17% of the group’s Gross Gaming Revenue (GGR), while sportsbook is now …

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LeoVegas returns to bond market securing long-term growth options

LeoVegas AB has announced its intention to issue a new senior unsecured bond, carrying a minimum value of SEK 500 million (€50m) and maximum liquidity of SEK 1.2 billion (€117m). Returning to market, LeoVegas’ board confirmed that it has appointed SEB and Swedbank to serve as joint bookrunners facilitating the transaction for institutional investors, who will be able to access …

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LeoVegas growth profile interrupted by Swedish home woes

An ongoing structural shift from land-based gaming to online has allowed LeoVegas to offset the far-reaching impacts of the Coronavirus pandemic, but the operator exercised caution over the tumultuous regulatory landscape within its home market of Sweden. Publishing its Q3 results for the period 1 July – 30 September, the operator praised its ability to  ‘to quickly adapt to new, …

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