Recent gambling developments in the Nordics have painted the region as a market that is currently undergoing a significant transformation accommodating new compliance measures and tougher supervision of licences, whilst individual governments revise market frameworks. As stands, Sweden, Denmark, Finland and Norway appear to be moving away from traditionally state-owned gambling monopolies in favour of privatised competition. Yet no guarantees …
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LeoVegas details difficult Q1 posting losses of €8m
LeoVegas AB has reported a difficult opening to 2023 trading, having registered a group-wide decline in revenues across key markets. The new property of MGM Resorts, LeoVegas reported total quarterly revenue of €95m, a 4% decline on previous year income of €98.5m, whilst EBITDA also declined 3% from a Q1 2022 loss of €2m to a deeper loss of €3m. …
Read More »LeoVegas wary of tricky markets despite record Q4 performance
LeoVegas AB has reported its ‘strongest fourth quarter ever’ but has found going tough in its core Nordic markets. Changes in regulations in both Sweden and Norway, and large tax increases in Denmark have caused the company’s Nordic profile to strain, but the group has still been able to report adjusted EBITDA growth of 25 per cent for the full …
Read More »LeoVegas adds Pixel.bet to fold via majority stake purchase
The LeoVegas Group has purchased a 51 per cent stake in Pixel Holding Group Ltd, the organisation which runs the esports betting operator Pixel.bet. Making the acquisition through its LeoVentures Ltd wholly owned subsidiary, the investment amounts to a fee of €1.5m, with the firm stressing it’s aligned its vision with Pixel’s “to create the greatest gaming experience in betting …
Read More »bettingexpert wins EGR Nordic ‘Affiliate of the Year’ award
European sports betting tipster community bettingexpert, (bettingexpert.com) , has been crowned Affiliate of the Year for 2015 at the EGR Nordic Awards. The recognition caps off a remarkable 12 months for the company, coming fresh off the back of winning the same category at the prestigious EGR Operator Awards in November. bettingexpert recorded over 650,000 successful tips in 2015, netting profit for …
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