Tag Archives: royal panda

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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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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BetUK replaces Royal Panda as QPR’s official betting partner

BetUK has been named as the official betting partner of Championship-side Queens Park Rangers’ (QPR), with the deal expected to last for the remainder of the season. QPR’s former partner Royal Panda withdrew from the UK betting market earlier this month citing ‘tougher regulations’ as a primary reason. It won’t operate in the country from Friday 31 January, 2020.  However, the latest deal …

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LeoVegas deepens support for sports integrity with IBIA

LeoVegas has strengthened its commitment to sports integrity by becoming the fifth sports betting company to join the International Betting Integrity Association (IBIA) since it rebranded in June.  As part of the collaboration, LeoVegas.com will start feeding into IBIA’s unique global sports betting monitoring and alert system, while the company’s other betting platforms (Royal Panda, BetUK, Pixel.bet and 21.co.uk) will …

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LeoVegas reports strong Q3 despite facing ‘greater regulatory complexity’

Mobile gaming group LeoVegas has reported a strong performance during Q3, with revenues increasing by 12%, despite the group continuing to face a ‘difficult-to-navigate’ regulatory environment. Publishing its quarterly report for the period 1 July – 30 September 2019, the group noted an increase in revenues from €78.6m in 2018 to €88.2m, while EBIDTA jumped from €8.96m to €12.75m.  LeoVegas …

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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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