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Some LeoVegas news

2017-05-16 11:39:07

It was recently announced that LeoVegas is teaming up with Big Time Gaming and LetsGiveItASpin to offer its customers betting events to live casino streamers. On the 3rd OF May, Big Time Gaming launches the Danger High Voltage slot for an exclusive week with LeoVegas via the Nyx network. Players and punters can then have one week to look at the game before the stream-betting event.The betting event takes place on the 10th of May across the first five hundred spins of Danger High Voltage on the stream.

Karolina Pelc from LeoVegas said: “We’re proud that LeoVegas is all over again the operator that may be introducing this innovative conception among the business.
“We haven’t solely been completely chosen to launch this exciting new game by success, however, we’re launching it in an exceedingly wholly new approach – through a live stream. this is often in line with our promise of being invariably the primary with the newest.”
Nik Robinson, CEO of Big Time Gaming, commented: “This could be the tipping point for live streaming that brings in the masses! As with sport, a bet can no doubt enhance the live experience and Kim’s channel viewers we’re sure will enjoy the chance of an additional flutter on the outcome of their favourite slot machines.”

LeoVegas returns for a profit in Q1 of 2017.

Completing its initial full year as a Nordic Nasdaq-listed enterprise, LeoVegas group AB has recorded robust organic growth within its product verticals as the company seeks to expand its footprint on the far side its home markets of Scandinavia.
Presenting its Q1 2017 monetary update (period ending the 31st of March), LeoVegas would announce a company revenue lift of 49% to €44 million (Q1 2016: 29.5 million). Updating investors, LeoVegas governance was happy to reveal that 18.3% of its group revenues had been generated by the regulated market activity. The mobile-first operator revealed a major increase in new depositing customers of +75,000 for the period, that supported its verticals high player activity of +170,000 active players.

Gustaf Hagman who is the chief executive and co-founder of LeoVegas said: “In the first quarter, we started scaling our marketing efforts to continue to drive growth. In the second quarter, we expect our marketing to revenue ratio to be slightly higher than in the first quarter as we see a positive return on investment on many new marketing efforts as well as opportunities to try new marketing channels that have the potential to scale up in the future.”
“We continue to actively evaluate acquisition opportunities, and with a cash position of more than EUR 60 m, we have resources to carry out additional strategic acquisitions going forward. In summary, the first quarter was stable and represents yet another step on the path to our financial targets of EUR 300 m in revenue and a 15% margin by 2018”

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