Tag Archives: royal panda

KSA sanctions Royal Panda and LeoVegas over online offering

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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LeoVegas positive over 2019 outlook despite UK & Sweden adjustments

LeoVegas

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 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 rides compliance challenges to post 41% revenue gains

compliance

LeoVegas has emerged from a “challenging quarter” for its two largest markets – UK and Sweden – to post a year-on-year (YOY) revenue increase of 41% to €78.6 million, despite a focus on compliance measures to facilitate the next steps in the company’s development. Reporting on the three-month period from 1 July to 30 September 2018, the mobile gametech group …

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Melvin Ritsema: Staying true to Royal Panda’s sportsbook roots

In the second of an exclusive three-part series for SBC News, Royal Panda CMO Melvin Ritsema discusses his company’s takeover by LeoVegas, staying true to its own sportsbook roots despite the acquisition, why the UK market remains the principal target, and how pricing ploys around the World Cup will be taken forward into future high-profile tournaments. SBC: Was the Royal …

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Championship football links drive increased loyalty on LeoVegas

LeoVegas Championship

LeoVegas has pointed to a near six million audience for Norwich’s FA Cup clash with Chelsea last season to explain its heavy sponsorship focus on Championship sides in 2018/19. The mobile gametech group now has an involvement in front-of-shirt sponsorship for four of the league’s sides, with LeoVegas branding adorning the kits of Norwich and Brentford, while LeoVegas owned Royal …

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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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Melvin Ritsema: ‘Panda’ to the needs of the UK sports betting market

Panda

In the first of an exclusive three-part series for SBC News, Royal Panda CMO Melvin Ritsema takes a trip back to 2017 to talk us through his company’s decision to bring a sportsbook into its successful three-year-old online casino platform. Just over a year ago, we started out on a sportsbook adventure, having identified this as the best way to …

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SBC Events hits the bullseye with Betting on Sports Week agenda

The CEO of the Professional Darts Corporation (PDC), the Chief Legal Officer of the PGA Tour and a five-time snooker World Champion will join the strongest lineup of speakers the sports betting industry has ever seen. The PDC’s Matt Porter, Len Brown from the PGA Tour and Ronnie O’Sullivan were just three of the names that caught the eye as …

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High Ambitions! LeoVegas sets its 2020 enterprise vision

LeoVegas

The governance of Stockholm-listed online gambling group LeoVegas AB, has presented the firm’s 2020 enterprise vision of generating at least €600 million in group revenues, combined with a corporate EBITDA of €100 million. Updating investors and stakeholders, the operator sets its target following a transformative year, in which LeoVegas has significantly grown its ‘flagship organic brand’, whilst completing the acquisitions …

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