Tag Archives: leovegas

Adapting and evolving in the industry during COVID-19

Speaking on the second day of CasinoBeats Malta Digital, Paris Smith, CEO of Pinnacle, claimed that ‘every crisis is an opportunity’ as she explains how her company evolved at the start of the COVID-19 crisis. As part of the Leaders’ Panel, Smith went on to praise her ‘loyal’ and ‘dedicated’ staff and how there have been lessons learned from the …

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Swedish CEOs challenge ‘unrealistic demands’ against threat of igaming becoming obsolete

A consortium of Swedish online gambling companies have ‘unanimously contested’ the Ministry of Finance’s proposals to place further restrictions on online gambling licensees. In a joint statement issued by Swedish igaming trade body BOS, nine CEOs have called for the government to reconsider the ‘unrealistic proposals’, which are said to ‘play into the hands of the unlicensed market’. The statement …

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SBC Magazine Issue 9: Esports future, online shift and Brazil betting soap opera

SBC Magazine

The future for esports betting, the regulatory soap opera in Brazil, a new COO for LeoVegas and how online gaming can drive the industry’s comeback are just some of the key topics in Issue 9 of SBC Magazine. Available to view online HERE, we start by analysing Sergey Portnov’s “calculated risk” approach to Parimatch leadership, before reflecting on how Carsten Koerl …

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Strong Q1 opening sees LeoVegas recover lost ground

Delivering on key corporate restructuring initiatives, LeoVegas AB has detailed a strong opening to 2020 trading, recording a 4% increase in group revenues to €89 million (Q12019: €86m). The Stockholm-listed online gambling group completed the migration of its 12 UK brands onto its proprietary technology platform, vastly improving game offerings, payment services and engagement functionalities, while also reducing group operating …

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Swedish leaders warn Minister Shekarabi of channelisation consequences  

CEOs of Sweden’s leading igaming operators have warned health minister Ardalan Shekarabi not to ‘torpedo his own gambling regulations’, emphasising that further restrictions on the sector will result in an increase of punters betting via unlicensed operators. As health minister overseeing Sweden’s response to the coronavirus pandemic, Shekarabi has ordered Swedish parliament to adopt a series of temporary online gambling …

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GambleAware donations top £10m for 2019/20

GambleAware has revealed that donations to the charity have surpassed its £10 million minimum target for the first time. Publishing the full list of donations received between 1 April 2019 and 31 March 2020, it revealed that gambling operators and suppliers had made £10.05 million in voluntary donations to the charity, which is not inclusive of money received through regulatory …

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Affiliate leaders confirmed for CasinoBeats Malta 2020

Attendees of CasinoBeats Malta 2020 will benefit from the expertise of both affiliates and operator affiliate managers as more leading companies and senior executives have been confirmed for the March event. The agenda for the premier online casino conference and exhibition, which takes place at the InterContinental Malta on 24-26 March, makes CasinoBeats Malta 2020 one of the key dates in this year’s …

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Tough closing period weighs heavy on LeoVegas 2019 results

LeoVegas AB has detailed a tough closing period to 2019 trading, in which significant Q4 exceptional costs have impacted the firm’s full-year performance. Updating investors, the operator explained that it has booked €6 million attributed to restructuring costs, on top of a €10 million Royal Panda impairment charge. The expenses see LeoVegas post Q4 2019 operating losses of €2.5 million …

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LeoVegas outlines strategic changes for UK operations

Ahead of publishing its interim report for Q4 2019, online gambling group LeoVegas has outlined a number of strategic changes that it plans to make, which will impact its UK-facing brands and future strategy. LeoVegas has reiterated that it plans to ‘fully use economies of scale in technology, product and organisation’, and has confirmed that its planned relocation to new …

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SBC continues to grow media operation with SlotBeats addition

SBC has continued to grow to its news network with the launch of SlotBeats, sister site to leading online and land-based casino news portal CasinoBeats.  SlotBeats is the latest addition to SBC’s expanding media operation, which includes websites that attract a monthly audience of more than 170,000 unique visitors from the gambling and sports industries, as well as the SBC …

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