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Industry
June 5, 2023
LeoVegas Group Expands with Three New Swedish Software Licenses
Acquiring three new licenses to offer gaming software in Sweden marks a significant milestone for LeoVegas, providing a solid foundation for the company’s continued growth in the region. Receiving approval from the notoriously strict Swedish Gambling Authority reflects the company’s commitment to quality and player safety. LeoVegas’ focus on European expansion will be vital in […]
Business
May 26, 2023
LeoVegas’ Business Declined in Q1 2023, the Management Remains Optimistic
MGM-owned operator LeoVegas has posted its Q1 results, reporting a difficult period for the company. The operators’ trading declined as the group recorded drops in several metrics. LeoVegas posted total quarterly revenue of $101 million (converted to USD), which represents a slight decline of 4% from last year’s results. The company EBITDA, meanwhile, sunk further […]
Casino
May 16, 2023
LeoVegas Confirms Relaunch of Expekt Brand in Denmark
One of the oldest sports betting brands within the Nordics, expekt, was relaunched for customers in Denmark, its owner, LeoVegas, reveals. Announced Tuesday, the relaunch of the famous brand follows LeoVegas’ strategic plan for expansion within the global betting vertical. At the same time, the relaunch comes after the company reintroduced the brand for the […]
Casino
May 2, 2023
MGM Resorts’ LeoVegas Acquires Push Gaming to Boost International Growth
MGM Resorts International announced on May 1 that its subsidiary, LeoVegas, has agreed to acquire the majority of game developer Push Gaming Holding Limited and its subsidiaries. LeoVegas Expands Content Production Capabilities with Acquisition of Push Gaming Push Gaming is an industry-leading creator of digital games for betting and gaming companies, offering over 30 games […]
Industry
April 18, 2023
RubyPlay Agrees to Supply LeoVegas with Slots
RubyPlay, an innovative B2B developer of iGaming content, has minted a new deal with LeoVegas, a leading iGaming operator. Under the agreement, the former company will supply the casino giant with its critically-acclaimed slot games. As announced by RubyPlay, some of its best and most innovative titles will be integrated into LeoVegas’ offering through Relax […]
Industry
March 3, 2023
LeoVegas Secures GGL License, Forays into Germany
LeoVegas Group has been greenlit to launch its LVSports Limited brand in Germany after securing approval from the Gemeinsamen Glücksspielbehörde der Länder (GGL). Thanks to that, the company will be able to make a foray into one of Europe’s largest online gambling markets. Under the terms of its license, LVSports Limited will be able to […]
Business
February 17, 2023
LeoVegas Divests a Quarter of BeyondPlay to Bettor Capital for €1.9M
The group that is determined to become a premier global casino gaming company has sold a stake in its iGaming business-to-business venture to Bettor Capital. The latter is a venture firm that this way helped LeoVentures, LeoVegas’ investment arm, secure an impressive 73% return on investment in less than 24 months. A “Testament to LeoVenture’s […]
Casino
January 18, 2023
OnAir Entertainment Teams with LeoVegas Group for More Live Content
This is the beginning of a global collaboration, the two companies confirmed in a press release. As a result, LeoVegas players will gain access to a number of outstanding titles developed by OnAir Entertainment. OnAir Entertainment Has Plenty to Offer to LeoVegas Among those are games such as Roulette Blackjack, Standard Blackjack, Speed Blackjack, Streamicon, […]
Legal
November 14, 2022
LeoVegas Top Manager Arrested Over Insider Trading Connected to MGM Takeover
On November 10, three men, one of them holding a senior manager position at LeoVegas, were arrested on charges of insider trading in connection with US casino behemoth MGM Resorts International’s acquisition of Swedish mobile gaming company LeoVegas which took place at the end of August 2022. The Investigation Has Been Going on Since June […]
Casino
November 4, 2022
LeoVegas Posts Slight Drop In Revenue before MGM Takeover
LeoVegas AB, the Swedish mobile gaming company, released its latest trading update, revealing details regarding the company’s performance during the third quarter of 2022. The new update comes ahead of the completion of the acquisition of LeoVegas by MGM Resorts International and it may be the last financial update before the completion of the takeover. […]
