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LeoVegas record continued growth in Q2

2017-09-04 07:12:15

Although it is still a relative newcomer to the online gaming industry LeoVegas has already established itself as one of Europe’s leading operators. The award-winning casino at LeoVegas, the company currently holds the titles for ‘Casino Operator of the Year’ from EGR and ‘Online Casino Operator of the Year’ at the International Gaming Awards, has made a name for itself by bringing players the best in mobile and online gaming. LeoVegas’ excellent games offering and the cutting-edge platform has proven to be a winner with players and have seen their profits grow continually over the last 5 years. This growth shows no signs of slowing down with the company recording an increase in profits for Q2 and a strong start to Q3.

Increasing Revenue

The second quarter of 2017 (Q2), the period from April 1st to 30th June, showed an increase in revenue at LeoVegas of 60% over the same period last year. Revenue for the quarter reached a record €49.7m showing organic growth of 53%. A breakdown of the numbers showed continued growth in the European market with the company shifting its focus from Sweden to further afield. Revenue from Sweden accounts for 37% of the company’s overall business, attributing €18m to LeoVegas’ revenue for Q2. LeoVegas’ Danish site, which was only launched 6 months ago, contributed 6% to the company’s revenue. The mobile gaming market continues to grow with mobile deposits now accounting for 67% of all deposits at the casino.