LeoVegas

LeoVegas strengthens compliance efforts via new position

Swedish online gambling group LeoVegas AB has announced a further strengthening of its compliance and legal efforts, with the creation of a new Chief Compliance and Legal Officer (CCLO) role within the firm’s core management group.

Issuing a desire to enhance its focus on compliance “by providing training throughout the entire organisation and expanding the teams in these area,” LeoVegas has begun recruitment for the newly established position.

Interested persons will be charged with an overall responsibility for the group’s work in the fields of compliance and legal affairs, including all relationships with authorities and licensors, as well as “developing and managing the daily work within the area of responsibility”.

Whilst the recruitment process if ongoing, LeoVegas details that it has arrived at an interim solution, in the form of attorney Anders Fast.

Currently Managing Partner at the law firm Baker McKenzie’s Stockholm office, Fast comes complete with a background approaching twenty years of experience in the legal sector, across a plethora of industries and organisations.

Gustaf Hagman, Group Chief Executive Officer, commented: “In a phase in which the industry is maturing and focus on compliance is rising, at the same time that our regulated revenue is growing sharply, the timing is now right to put a CCLO role in place.

“I am very happy that Anders will take on the CCLO role until we have found the right person long term. Anders has served as a legal adviser to LeoVegas since the start and knows the industry inside and out, which gives him a head start.

“Our focus on compliance is a prerequisite for us in our work on reaching our financial targets for 2020 and thereby achieving sustainable and long-term strong growth.”

This move within the compliance and legal affairs fields follows LeoVegas’ announcement that it is to pursue a Swedish license, following an application that encompasses casino and sports betting.

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