Market diversification was the key talking point for a diverse group of betting CEOs at the SBC Summit Barcelona this year, with the assembled industry leaders also noting the ever-present challenges of regulation. Regulated markets have become the main focus for the industry, the CEOs observed, and this is only going to increase. In the words of Jesper Svensson of …
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EL calls for peace in Ukraine as LeoVegas ceases bets on Russian sports
The Russian invasion of Ukraine is now in its ninth day, and criticism from a range of political arenas and economic areas has continued to mount, including the betting space. Issuing a statement today, the European Lotteries and Toto Association (EL) criticised the invasion and called for peace, whilst LeoVegas has become one of the latest businesses to limit its …
Read More »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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