Stockholm Nasdaq-listed Leo Vegas Group (LeoVegas) has this morning updated its investors and stakeholders detailing that it has been approved a ‘Remote Operator License’ for sports betting by the Irish Revenue Commissioners the regulatory body for gambling in the Republic of Ireland.
Having gained its licensing approval, LeoVegas marketing will now push for a relaunch of its betting services within the regulated Irish market, estimated to be worth circa £800 million in 2016 (H2 Gaming Capital).
LeoVegas governance stated that it would increase it profile and launch its full range of services for the Irish betting market, as its seeks to become a leading brand within a competitive market place for consumers.
With this market clearance LeoVegas now has gaming licenses in regulated markets of Malta, the UK, Denmark and Ireland.
“LeoVegas continues to grow in regulated markets,” comments Gustaf Hagman, Group CEO and LeoVegas co-founder. “The fact that we have in a short time been granted licences in two regulated markets shows that we are delivering in accordance with our expansion strategy. But it also shows that we have high capacity and quality in our organisation and in the work, we do. I am convinced that our market-leading sport product will contribute to strong growth in Ireland.”