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 …
Read More »
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 …
Read More »
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 …
Read More »
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 …
Read More »
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, …
Read More »
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 …
Read More »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 …
Read More »
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 …
Read More »
Stockholm-listed online gambling group LeoVegas AB has confirmed that it has concluded its £65 million acquisition of UK-focused Intellectual Property & Software Limited (IPS) (first announced January 2018). The acquisition sees LeoVegas expand its UK online gambling portfolio, adding new assets 21.co.uk, Slotboss, Bet UK and UK Casino. In its market update, LeoVegas governance informs that IPS brands would now …
Read More »
Seeking to target accelerated corporate growth and industry innovation, Stockholm-listed LeoVegas Group AB has announced the launch of its ‘LeoVentures’ investment subsidiary. The new strategic division will be led by LeoVegas Co-founder Robin Ramm-Ericson, who takes up the position of Managing Director for LeoVentures. Ramm-Ericson will remain as a senior executive of LeoVegas advising corporate leadership and management. Developed as …
Read More »
SBC News Voice of the Sports Betting Industry