Tag Archives: LeoVegas AB

LeoVegas positive over 2019 outlook despite UK & Sweden adjustments

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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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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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LeoVegas AB targets Spanish entry in Q1 2019

Stockholm-listed LeoVegas AB has targeted entering the Spanish online gambling market by Q1 2019. Updating stakeholders, LeoVegas governance has this morning confirmed that it has filed for a Spanish DGOJ licence for online sports betting and casino services. Gustaf Hagman, LeoVegas AB Group CEO, detailed Spanish market entry as a key directive for 2019. He said: “We are now taking the …

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LeoVegas reshuffles marketing and comms leadership pack

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Stockholm-listed LeoVegas AB confirms that it has undertaken a restructuring of its marketing division, seeking to strengthen its internal operations and leadership. Following July’s promotion of Louise Nylén, to the position of Deputy CEO, LeoVegas governance has moved to split the executive’s former Chief Marketing Officer (CMO) responsibilities. Updating stakeholders, LeoVegas has placed Petra Blixt as one of two Marketing …

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LeoVegas shows love for Malta Pride 2018

LeoVegas AB has confirmed that its flagship LeoVegas brand will be a ‘Proud Supporter of the 2018 Malta Pride Week’ (Malta Pride). Malta Pride takes place from 9-16 of September, with its headline ‘Pride Parade & Street Concert’ being held on 15 September in Valletta. The theme of Malta Pride Week 2018 will be ‘Pride in the heart of the …

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LeoVegas strengthens compliance efforts via new position

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Swedish online gambling group LeoVegas AB has announced a further strengthening of its compliance and legal efforts, with the creation of a new Chief Compliance and Legal Officer (CCLO) role within the firm’s core management group. Issuing a desire to enhance its focus on compliance “by providing training throughout the entire organisation and expanding the teams in these area,” LeoVegas …

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Record H1 results see LeoVegas AB reap rewards of its enlarged capacity

Publishing its H1 2018 interim results, an enlarged LeoVegas AB declares record revenue and earnings, as the online gambling group benefits from marketing efficiencies and savings implemented during the trading period.   Integrating the new assets of Royal Panda and Rocket X, LeoVegas reports a 76% increase in H1 2018 corporate revenues to €165 million (€94 million) Through strategic M&A, …

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Marketing savvy LeoVegas delivers above corporate exceptions

Stockholm listed LeoVegas AB has presented its Q2 2018 preliminary results early (period ending 30 June), detailing that the company has benefitted from marketing efficiencies recorded during the trading period. Updating investors, LeoVegas governance anticipates delivering a trading period EBITDA of circa €15 million, an earnings figure above the firm’s current expectations. The improved EBITDA guidance is a result of …

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LeoVegas AB confirms Stefan Nelson as incoming Group CFO

Stockholm-listed online gambling group, LeoVegas AB has confirmed the appointment of Stefan Nelson as new Chief Financial Officer. The firm expects Nelson to takeover full group CFO responsibilities on 22 August, when current incumbent Viktor Fritzén end his tenure as Leo Vegas financial lead, joining the firm’s senior executive advisory. A 20-year finance veteran, Nelson has prior experience in gaming, media …

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