Dutch gambling authority Kansspelautoriteit (KSA) has sanctioned both Royal Panda and LeoVegas after the two operators were found to be offering games of chance to consumers within the country. The KSA emphasised that “online gambling is currently prohibited”, and subsequently handed Royal Panda a €400,000 while LeoVegas was issued with a fine of €350,000. The fines follow on from research …
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Stockholm-listed online gambling group LeoVegas AB has re-established its five-year Swedish gaming licence, having won its appeal against gaming inspectorate Spelinspektionen. LeoVegas governance had challenged Spelinspektionen’s decision to limit its licence to a two-year operating period, in relation to committing UK advertising violations. Filing a challenge with the Swedish Administrative Court of Linköping, LeoVegas governance contested the decision by stating …
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VfL Bochum 1848 of the 2. Bundesliga has become the first German betting partner of Stockholm based operator LeoVegas. The deal, which has been signed on an initial two year basis, will see LeoVegas Sport take over from Sportwetten.de as official betting partner of the second division club. Hardy Eberle, LeoVegas’ country manager for Germany, commented: “We are proud to accompany such an …
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LeoVegas said it has found a more balanced geographical mix despite finding the UK market “challenging” and delivering just satisfactory results in Sweden. The operator’s Group CEO Gustaf Hagman said that Q2 2019 was its best quarter ever, with revenues of €94.4 million (up 8 per cent from Q2 2018) contributing to “good underlying growth and profitability” for H1 2019 …
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Online gambling group LeoVegas has strengthened its responsible gambling policies after developing new plans to launch a new live chat service across its UK-facing brands, in collaboration with Gambling Therapy. The new service, LeoLine, will deliver immediate live help to punters that wish to access support in managing their gambling activity. The overall impact of the new service is due …
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Former Kindred Group and Svenska Spel manager Dersim Sylwan will succeed Petra Blixt as LeoVegas Chief Marketing Officer (CMO). Blixt had been serving in the role on an interim basis since May of this year, having been appointed as a marketing director in October 2018 as part of a departmental shake-up. She will continue as interim CMO until Sylwan officially …
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Stockholm-listed LeoVegas AB has confirmed that it will launch its services for the regulated Spanish online gambling market, as the European operator prepares to enter its ‘7th locally regulated market’. Issuing an update, LeoVegas governance confirms that it has secured DGOJ approved licenses for both Spanish casino and sportsbook provisions, with the company moving to launch its initial Spanish domain …
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Stockholm-listed LeoVegas Group AB has completed a key technical objective, after migrating its entire gaming and customer management platform provisions on to the Google Cloud. The European online gambling group states that it will gain significant flexibility whilst improving product scaling capacities, as its core systems transfer from being maintained in Malta to the Google Cloud Platform (GCP). Fulfilling a …
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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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Industry strategic consultancy Regulus Partners reflects on another week of UK and European setbacks for gambling incumbents. Despite broader regulatory frameworks in-place, political relationships appear more complicated than ever before… ___________ Sweden: online regulation – losing the war… Most online gambling operators that comment on their regulatory strategy or policy tend to state that they favour growing domestically regulated markets …
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