LeoVegas has taken another step in its strategy of enhancing its sports betting operations, with a particular focus in the Nordic markets, relaunching the Expekt brand in Denmark. The company, which has traditionally focused on online casino products, has taken its ‘Nye Expekt’ (New Expect) sportsbook live in Denmark following a successful run in neighbouring Sweden. Expekt returns to Denmark …
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LeoVegas has secured a majority stake in development studio Push Gaming in the latest commercial move for its LeoVentures investment arm. The Swedish company has outlined a strategy of investing in game content creation and distribution to support its own international expansion plans, with the group emphasising that the development ‘leapfrogs’ its exposure into slots content. In addition to securing …
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In line with International Women’s Day 2023, top organisations in the betting, gaming and racing industry are supporting a campaign to embrace equity. Under the #GamingAsOne hashtag, BetMGM, Betsson, Entain, Kindred, LeoVegas, Paddy Power Betfair, Penn Entertainment, PokerStars and Sportsbet are among the operators supporting the campaign, alongside suppliers such as Games Global, IGT, Light & Wonder, Microgaming and Playtech. …
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LeoVegas AB is gearing up to join Germany’s ‘GlüNeuRStv’ interstate gambling regime, having been granted licence authorisation by the Federal Gambling Authority, Gluecksspiel (GGL). The Stockholm-listed online gambling group informed investors this morning that it had been granted a GGL-authorised licence to “offer and market slots nationwide across Germany”. The statement read: “Gemeinsamen Glücksspielbehörde der Länder (GGL), has granted LVSports …
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LeoVegas AB has published its latest results from the Nasdaq stock exchange after integration into MGM Resorts portfolio, reporting positive trading in Europe although some international markets proved difficult. Total group-wide revenue over the three-month period rose 1% to €99.5m (Q4 2021: €98.2m), although various business costs meant that adjusted EBITDA fell by 77% to €3.7m (€11.6m), with a margin …
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A manager at LeoVegas has been arrested alongside two accomplices for insider trading activity related to the firm’s takeover by MGM, according to Swedish media. Daily tabloid Aftonbladet reported that the key suspect was taken into custody between 1 February and 29 April, with MGM’s initial bid for LeoVegas occurring in May. The individuals in question are suspected of having …
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LeoVegas AB has detailed stable trading ahead of its business takeover by MGM Resorts, set to be concluded by end-of-year trading. The Stockholm-listed online gambling group published its likely last quarterly trading update, registering corporate revenues of €98m, which reflected a near 1% decline on 2021 comparative results of €99.4m. Period highlights saw LeoVegas maintain growth in its home Nordic …
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LeoVegas has moved to strengthen its understanding of and presence in safer and responsible gambling as part of a collaboration with a prominent medical university. The Stockholm-based igaming and betting operator has partnered with Karolinska Institutet’s Department of Clinical Neuroscience, Stockholm, launching a four-year research project. LeoVegas is providing funding and raw data for the search team, which will commence …
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LeoVegas Group has formed an agreement with Manchester City to become the Premier League club’s official betting partner in both Europe and Canada. The operator is set to appear on the sleeves of the men’s training kit sleeve for the 2022/23 season. LeoVegas branding will also be seen across in-stadia assets at both the Etihad Stadium and Academy Stadium. Furthermore …
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MGM Resorts has notified this afternoon that its public tender offer has been accepted by 96% of LeoVegas AB shareholders. Initiated on 2 May, the board of MGM proposed an SEK 61 (€5.90) cash-per-share takeover offer to acquire LeoVegas outright at a deal consideration of approximately $604m (€600m). Securing LeoVegas investor approval, MGM governance announced that settlement of the share …
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