Tag Archives: leovegas

Due diligence breaches see Unibet sanctioned by Danish authorities

Unibet has faced enforcement actions by the Spillemyndigheden, the Danish Gambling Authority, for breaches of anti-money laundering and due diligence requirements. The Kindred Group brand has been accused of failure to comply with due diligence rules and allowing a player to deposit DKK 1.4 million to his account between December 2016 and December 2018 without ‘sufficient knowledge about whether or …

Read More »

LeoVegas performance in key markets offsets regulatory hurdles

Successes in Italy, Sweden, Spain and Canada have helped LeoVegas to navigate a difficult year, with German and Dutch regulatory changes in particular posing major challenges. Updating stakeholders in its Q3 trading update, the Nasdaq-listed gambling group detailed that its total revenue had increased by 12% to €99.4 million (2020: €88.9m), while EBITDA stood at €11.5 million (2020: €11.9m) – …

Read More »

Denmark’s political parties unite in support of mandatory bettor playing cards

A cross-parliamentary group of political parties in Denmark have supported a push by the country’s Ministry of Taxation to introduce mandatory player cards for customers using local betting kiosks. Politicians from the Social Democrats, Social Liberal Party, Venstre, Danish People’s Party, Socialist People’s Party, Red-Green Alliance, Christian Democrats and The Alternative political parties backed the introduction of required IDs, which …

Read More »

LeoVegas protects UK customers with AI smart individual deposit limits 

LeoVegas Championship

LeoVegas AB has introduced instant and individually personalised deposit limits across its UK gambling brand portfolio of LeoVegas.com, PinkCasino, BetUK, and 21.co.uk. The safeguards form part of the Stockholm-listed online gambling group’s safer gambling and customer care mandate. Using third-party data and a proprietary risk prediction model, all LeoVegas Group’s UK customers will be assigned a personal deposit limit at …

Read More »

LeoVegas penalised for due diligence and AML shortcomings by Danish regulator

The Danish Gambling Authority, Spillemyndigheden, has charged LeoVegas with failure to comply with national customer due diligence and Anti-Money Laundering requirements. Conducting an examination of a sample of 20 LeoVegas players in Denmark, the Authority found that the operator – which holds a Danish licence until 2026 – had breached AML requirements in five cases, primarily between 2017 and 2019. …

Read More »

LeoVegas secures Danish licence extension until 2026

Spillemyndigheden, Denmark’s Gambling Authority, has renewed the operating licence of LeoVegas AB for a further five years, until 2026.  The extension will allow LeoVegas to continue operating its online casino and sportsbook brands for the regulated market of Denmark, which reformed its online gambling laws in 2018. LeoVegas has operated in the Danish market since 2016 and has since become …

Read More »

LeoVegas gains financial flexibility via issue of unsecured bonds

LeoVegas has disclosed the successful issuance of senior unsecured bonds of SEK 500m in 2020 under a framework of up to SEK 800m. The online gambling group first announced this intention in November 2020, suggesting that it would enable the group to deliver on its expansion strategy amid a “focus on regulated markets and markets soon to become regulated”. Alongside …

Read More »

LeoVegas launches AI-powered messaging as part of safer gambling strategy

LeoVegas Group has moved to strengthen its safer gambling offering via the launch of a new layer of AI-powered messaging, analysing customer behaviour and risk profiles. The offering will be initially launched in the UK via the LeoVegas, PinkCasino, BetUK and 21.co.uk brands, where LeoVegas customers will receive onsite messages with individualised content based on their profiles, containing information and …

Read More »