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LeoVegas set to expand its Irish operations

2017-04-03 11:10:32

LeoVegas currently serves the market with its mobile casino and expects to roll out its Kambi-powered sports betting offering during the current quarter.

"LeoVegas continues to grow in regulated markets," said Gustaf Hagman, Group CEO and LeoVegas co-founder. "The fact that we have in a short time been granted licences in two regulated markets shows that we are delivering in accordance with our expansion strategy.
“But it also shows that we have high capacity and quality in our organisation and in the work, we do. I am convinced that our market-leading sports product will contribute to strong growth in Ireland."

Irish Licence

The Irish licence approval follows the operator’s recent licensure in Denmark. This news is no surprise following the success LeoVegas had experienced financially in the year 2016. High profitability in the fourth quarter of 2016 propelled Swedish online gaming company Leo Vegas Group (LeoVegas) to a record year financially and thus far, there has been no indication that 2017 will deliver anything short of another great year.

Combined with its release of Q4 and full 2016 figures, the company also updated shareholders on progress thus far in the new year.
“Net gaming revenue (NGR) in January totalled EUR 14.1 m. Overall we are very pleased with how the KPIs in the first quarter have opened up, which gives us confidence for a strong development for the year on our path towards our 2018 financial targets,” the company stated in a press release following the release of its financial report.
LeoVegas continues to develop per our vision: to create the greatest gaming experience and be number one in mobile gaming. With a strong cash position of over EUR 55 m, LeoVegas is poised to capitalise on the great opportunities in the industry,” it was added.

Live Casino the Hottest Trend in Online Gaming

One of the fastest growing segments of online gaming has been Live Casino games, where players interact with a live dealer or croupier and watch the action play out in real time via a webcam. High-end audio and video provide a realistic experience for online players.

Many players prefer this new online gaming method to the more traditional computer-generated simulations that are commonly found at online gaming sites. Interaction with real people that they can see and hear along with being able to see the action unfold in front of them, gives many players more confidence in the authenticity of the games and greater overall enjoyment.

LeoVegas has capitalised on the popularity of Live Casino games in part through Authentic Gaming, an independent company within the LeoVegas Group. Authentic Gaming launched its Live Casino last fall through several online gaming operators, and earlier this year it expanded its product distribution by adding brands within the Kindred Group, including Unibet.