finland online gambling leo vegas annual report

On 17 March 2017, LeoVegas was listed on Nasdaq First North Premier. The Italian online platform and website became fully operative on 17 November 2017. for a reported fee of €6 million, entering the Italian online gambling market. On 1 March 2017 LeoVegas acquired 100% of the Italian operator Winga s.r.l. On 7 July 2016, LeoVegas obtainined a gaming license in Denmark. Johan Styren stated that fast loading speeds and the mobile-first approach would be integral to growth in the live betting market for mobile. At the time of launch, CEO of LeoVegas Gaming Ltd.

On, one month before the UEFA Euro 2016 football tournament, LeoVegas launched its sports betting product LeoVegas Sport. In advance of the initial public offering ( IPO), LeoVegas announced a 124% increase in annual revenue of €83m for 2015 compared to €37m 2014. At the time of the initial listing, the company´s stock was heavily oversubscribed. The legal advisers were Baker McKenzie, while Avanza Bank AB was appointed as LeoVegas' certified adviser. Financial advisers in the transaction were Carnegie Investment Bank and SEB, as Joint Global Coordinators and Book-runners. The initial stock market offering of the company took place on 17 March 2016.

Hagman stated that the company 'was born out of the smartphone, which today is the fastest-growing channel for entertainment.' As a result, the company has over 700 employees working for the provider. LeoVegas experienced rapid growth due to the overriding increase in smartphone use and the 'mobile first' mentality of its founders. Leovegas was founded in 2011 by Gustaf Hagman (CEO) and Robin Ramm-Ericson (Chairman of the Board & Managing Director). is a subsidiary of MGM resorts international. LeoVegas AB is a Swedish mobile gaming company and provider of online casino and sports betting services such as table games, video slots, progressive jackpots, video poker and live betting to a number of international markets.

Finland online gambling leo vegas annual report