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Nolimit City to showcase Games on LeoVegas

The Release of Nolimit City Games on LeoVegas

Games belonging to Nolimit City will be exhibited on the award-winning mobile operator LeoVegas. The games will also feature in their ever-expanding portfolio of high-end mobile slots games, after the distribution deal established in 2017.

LeoVegas has reached a deal to release Nolimit City games through the Relax Gaming platform. This follows the successful launch in January, that certified a clear future for Nolimit as well as the platform supplier.

The Head of Sales at Nolimit City, Malcolm Mizzi, explained: “Having our games present on another leading brand such as LeoVegas.com, just proves how much our games have been noticed. We truly believe that there is so much more ahead of us and cannot wait to release more exciting titles with such an acclaimed and recognised partner.”

The first game to be showcased from the upcoming portfolio of Nolimit will be WiXX. It has been considered the preferred game by players and operators alike. LeoVegas has issued a plan of weekly releases of game titles, including: Oktoberfest, Creepy carnival, the Kitchen Drama series, and their last release called Casino Win Spin. This will be coupled with an upgraded Mobile and Desktop interface, after a calculated deployment by Nolimit this spring.

The Casino Manager at LeoVegas, James Ford, added: “We are delighted to release such a young and ambitious game studio. We’ve kept a close eye on Nolimit’s growth and like what we see so far. Their fresh approach in content is something that our players are sure to enjoy.”

 

 

LeoVegas Player Strikes It Rich on Joker Millions

Lucky Punter Wins €1.9m on Yggdrasil’s Popular Slot

LeoVegas have made a splash once again, as one of their players claimed a major prize on Joker Millions. A progressive jackpot of €1,917,485 dropped on Wednesday, to a player in Norway using LeoVegas’ mobile site.

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LeoVegas at SiGMA17

Karolina Pelc, LeoVegas Casino Director said , “Nothing makes us happier than seeing our players hit big jackpots, and we are thrilled to be able to deliver another multi-million-euro prize alongside Yggdrasil.”

“Yggdrasil slots are always favourites among our customers, and we have found progressive slots titles including Joker Millions have played an important role in enabling us to deliver a world-class casino offering.”

This is another major jackpot paid out by Yggdrasil, as they continue to rack them up with some regularity. A €1.12m prize dropped on Joker Millions’ pool partner, Empire Fortune, in November. Empire Fortune also paid out a €5.2m jackpot last July, the highest figure in Yggdrasil’s history.

Fredrik Elmqvist, CEO, Yggdrasil Gaming said, “Yggdrasil consistently delivers some of the industry’s biggest jackpots, and all operators understand the value of offering players the chance to win these life-changing prizes.

“What sets our progressive jackpot slots apart from the competition is the engaging base game, which means that even those who don’t walk away with a prize are still rewarded with an enjoyable experience.”

Yggdrasil will be showcasing games and exciting new products at ICE stand N3-140.

 

LeoVegas Closing 65 Million Pound Deal

LeoVegas is strengthening its position in the UK Market by signing a new deal

LeoVegas has confirmed an agreement to purchase Intellectual Property & Software Limited as well as related assets from other brands for an amount of £65m (€73.2m/$88.8m). As part of the deal, the company will acquire assets from the European Domain Management such as, for example, Bet UK, UK Casino, Slotboss and 21.co.uk.

As part of the additional deal, LeoVegas plans to acquire the assets of the marketing company Rocket 9 Ltd. The deal will be financed with cash and existing debt facilities. LeoVegas aims to complete the transaction before the first quarter of the year.

 

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Gustaf Hagman, CEO of LeoVegas

LeoVegas’ group chief executive, Gustaf Hagman, stated, “To be able, at our six-year anniversary of the launch of LeoVegas, to conduct this remarkable acquisition feels just great.

“Following the acquisition of Royal Panda, LeoVegas now works with two scalable brands; we believe that in larger markets our global brands, LeoVegas and Royal Panda, can be complemented with a local, multibrand strategy.

“The UK market is a very large and mature market and that is the reason to work with several brands that attract various types of customers.

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LeoVegas at SiGMA17

 

“Combined with one of the market’s most effective customer acquisition models, we are now gaining a firm stronghold in the UK with the acquisition of 85 employees with local expertise.”

Further he said, “With this acquisition, we are adding a company culture with a strong technology and product focus which is a perfect fit with LeoVegas’ to further strengthen the group’s position as the leading GameTech company.”

 

 

 

 

 

LeoVegas Announces Caroline Palm as the New HR Officer

LeoVegas starts the new year with organisational changes

Caroline Palm was appointed as the new chief human resources officer at LeoVegas. This position has just been created recently. Palm will start her new role on February 14. As part of her position she will be in charge of the company’s HR matters. In her prior position at the Serendipity Group, her tasks were mainly focused on the company’s HR strategy.

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Caroline Palm

Regarding her joint of LeoVegas she stated, “I am passionate about working in fast-growing technology companies and look forward to be part of LeoVegas continued growth journey. I appreciate the company’s strong corporate culture and that LeoVegas invests a lot in its staff and the topics that I am passionate about.”

LeoVegas’ group chief executive Gustaf Hagman added, “Caroline fits perfectly into LeoVegas and this new role within the management team.

“The overall responsibility and strategic mind-set about staff, recruitment and HR is important now when we are close to 600 employees. It has also become even more fundamental when we have started to acquire companies and have offices in several countries and cities.”

 

 

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LeoVegas at SiGMA 2017

LeoVegas Enters into Agreement to Buy Gaming Operator Royal Panda

LeoVegas enters an agreement to acquire rival operator Royal Panda for a maximum consideration of €120m.

Stockholm-listed mobile gaming specialist LeoVegas is going to acquire Royal Panda, a proprietary technical platform focused on online casino, for a purchase price of EUR 60 million with a possible earn-out payment of an additional EUR 60 million. The LeoVegas Group has obtained debt financing of EUR 100 million, of which EUR 40 million constitutes a revolving credit facility.

The expected date of completion of the acquisition to be transferred is the 1st of December 2017. LeoVegas board of directors has adjusted company’s financial targets. Royal Panda has the right to a contingent consideration to a maximum of EUR 60 million if certain financial milestones are met within 12 months after the closing. That’s why the total purchase price can reach a maximum of EUR 120 million.

In order for Royal Panda to be entitled to the maximum earn-out, the company must achieve at least EUR 50 million in Net Gaming Revenue (NGR) and EBITDA of at least EUR 15 million, at least EUR 34 million of NGR must be derived from the UK, and EBITDA from the UK must amount to at least EUR 5 million. The acquisition of Royal Panda is in line with LeoVegas strategy to continue growing on regulated markets.

LeoVegas has a strong cash position that has been used for the initial purchase price. In addition, LeoVegas has obtained a debt financing of EUR 100 million in order to act on future acquisition opportunities. Out of the EUR 100 million, EUR 40 million consists of a Revolving Credit Facility (RCF). The financing has a term of three years, and amortisation will commence in the second quarter of 2019 in the amount of EUR 10 million quarterly. The interest rate on financing is approximately 2 percent.

The launch looks promising and LeoVegas believes that the acquisition of Royal Panda is going to strengthen the company’s expansion in regulated gaming markets, especially in the UK. Royal Panda has just launched a sports book and works well with sport customers. Located in Malta, the company has around 60 employees at the moment.

Gustaf Hagman, Group CEO at LeoVegas, says, «Royal Panda has in a short time built up an efficient business with an exciting and strong brand. This is a major acquisition that we are carrying out following a carefully executed process. With the help of the strong symbolic value in the panda, the company has built a premium brand among gamers, and we will complement LeoVegas with Royal Panda. This gives us two great brands with global appeal, which makes the scalability in the continued growth strong while strengthening our position in the UK.»

Relive the highlights from our last show and stay tuned for this year’s SiGMA. Watch out for what we’re branding as the ‘iGaming Village’ this year.

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LeoVegas completes its first acquisition in group’s history

LeoVegas today has carried out their first acquisition in the company’s history with the purchase of the Italian gaming operator Winga.it. The Italian operator holds a licence for the Italian market which is currently the largest regulated gaming market in Europe according to data from H2 Gambling Capital. With this addition, it gives LeoVegas and established positioning there.

LeoVegas party held during SiGMA16

LeoVegas party held during SiGMA16

LeoVegas will acquire 100% of the company who in 2016, had a revenue of €8 million. The agreement includes a cash consideration of €6.1 million.

Winga, an organisation comprising of 33 employees, offers their customers a full product offering with 50 percent of their revenue being generated from Live Casino. This includes studio environment and their unique product which is broadcasted live on Italian TV as well as Sky TV. LeoVegas plans to gradually introduce their brand into the Italian market while Winga benefits from their data-driven marketing approach and strengths on the product side and mobile technology around the customer experience.

The purchase price to the seller of Winga which is Paf (Ålands Penningautomatförening) will be paid in two parts and expected to be finalised on 1st March 2017 subject to customary conditions and approval from the Italian authorities.

LeoVegas’ Group CEO Gustaf Hagman commented: “This is yet another milestone in LeoVegas’ development.”

He continued: “The acquisition of Winga.it will enable rapid expansion in Italy, as we are acquiring a company with local knowledge and an established position. LeoVegas’ expansion strategy is to grow in markets that are either regulated or in the process of being regulated. Our focus on mobile gaming and our proprietary, flexible technology platform create the conditions for a successful acquisition.”

LeoVegas has evaluated around a dozen acquisition opportunities during the past year and having a cash position of over €55 million, they are in a position to continue with new strategic acquisitions moving forward.

This acquisition sees LeoVegas holding gaming licences in the UK, Denmark, Ireland, Malta and now Italy.

 

Are you a startup? Then apply for the SiGMA Startup Pitch 2017 and meet hungry investors. View Startup Pitch 2016 gallery here.

LeoVegas has been granted a ‘Remote Operator License’ in Ireland

Johan Styren, CEO of LeoVegas Gaming Ltd speaking at SiGMA16 Sports Conference

Johan Styren, CEO of LeoVegas Gaming Ltd. speaking at SiGMA16 Sports Conference

Award-winning leading European online mobile casino LeoVegas has announced to their investors and stakeholders that they have been approved a ‘Remote Operator License’ for sports betting by the Irish Revenue Commissioners, which is the regulatory body for all forms of gambling in Ireland.

The Stockholm Nasdaq-listed company next move will be to start marketing and advertising the relaunch of its betting services within the regulated Irish market which is expected to take place in the first quarter of 2017.

The estimated Irish market worth was around £800 million in 2016

according to H2 Gaming Capital. LeoVegas governance declared that they seek to become a leading brand within a competitive consumer marketplace increasing its profile and launching its full service for the Irish betting market. This is their first step towards achieving this vision.

LeoVegas party held during SiGMA16

LeoVegas party held during SiGMA16

LeoVegas launch in Ireland now sees them operating in a number of regulated markets which include the UK, Denmark and Malta, with their operations being based in Malta and technical development conducted in Sweden.

Group CEO and LeoVegas co-founder Gustaf Hagman commented: “LeoVegas continues to grow in regulated markets. 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.”

LeoVegas.com and Leicester Tigers enters partnership

Market leader in mobile casino LeoVegas is pleased to announce that they have made a sponsorship deal with Leicester Tigers, one of the most successful and decorated rugby clubs in the world.

The company has reportedly entered into an agreement for a three-year deal as the Official Betting and Gaming Partner for two-time European Cup winners and 10-time English league champions. The contract will include LeoVegas brand logo on the Tigers team uniform up until 2019, along with having them on the adult replica shorts for the 2017/18 and 2018/19 seasons.

This kit sponsorship will allow the brand to have visibility during the live broadcasts and highlight packages from both Premiership and European games.

The sponsorship commences from January 2017 and kicks off in time for Tiger’s home game against Glasgow Warriors on January 21st in the European Champions Cup being LeoVegas.com biggest sponsorship to date with the agreement including official partner accreditation, media space at Welford Road and match day hospitality.

Shenaly Amin of LeoVegas.com commented saying: “This sponsorship deal is with one of the biggest rugby teams in the world and is a major statement of intent from LeoVegas.com, which emphasises our commitment to becoming a leader in the sportsbook market.

“To be mentioned in the same sentence as of one of the most iconic names in rugby, let alone as a partner, is a complete honour and we’re looking forward to becoming part of the Tigers family.”

Tigers’ Commercial Director, Andrea Pinchen said: “We have had the chance to meet with LeoVegas at its Head Offices, and we were hugely impressed with the setup and its people. We firmly believe that it is the premium brand in betting, and to be able to welcome another partner to the Tigers’ family recognises the strength in the Tigers brand. We look forward to working with Leo Vegas immensely.”

Tigers’ Commercial Director, Andrea Pinchen: “We have had the chance to meet with LeoVegas at its Head Offices, and we were hugely impressed with the setup and its people. We firmly believe that it is the premium brand in betting, and to be able to welcome another partner to the Tigers’ family recognises the strength in the Tigers brand. We look forward to working with Leo Vegas immensely.”

LeoVegas Launches Silver Lion – New Lightning Box Games Slot

The new Silver Lion game from Lightning Box Games has been given an exclusive launch on LeoVegas.

The slot game will only be available to LeoVegas.com players until it goes to general release on December 7th.

The 5×4 reel, 1024-way slot features tribesmen and animals such as zebras, hippos, and meerkats, and takes players on a safari across the sweeping plains of the African Savannah in search of the mythical Silver Lion. Players can expect bonus rounds when the lion appears through the undergrowth, along with opportunities to win big prizes.

Designed and built in premium HTML5 for desktop and standard HTML5 for mobile, the game comes with graphics and soundtracks that transport the players to the heart of the wilderness.

Commenting on the game, Lightning Box Managing Director and Co-Founder Peter Causley said: “Silver Lion is a beautiful game which offers players big prizes by multiplying their stacked wins by up to 27 times. The math model behind the game ensures players are engaged and entertained in equal measure.

“It is a great addition to our growing portfolio, and the result of months of hard work from everyone here at Lightning Box Games. We are sure players on LeoVegas will enjoy playing the game as much as we enjoyed making it.”

Head of Casino at LeoVegas, Karolina Pelc, commented on the launch of the game: “We’re very pleased to once again deliver on LeoVegas’ promise of being the first with the latest. We’re confident that Silver Lion will be one of those popular games with all our players.”

Lightning Box Games also recently struck a trio of deals with online casino operators in the UK, with its Stellar Jackpots-Chilli Gold x2 title launching with bet365, Coral and Ladbrokes simultaneously.

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LeoVegas Publishes Strong Third Quarter Results

Swedish mobile gaming company and online casino provider LeoVegas has announced its third quarter report ending 30th September, posting its highest ever revenue so far of €39.7 million, up 76% year-on-year.

The Nasdaq First North-listed company reported EBIDTA of €9.8 million – a margin of 25% – attributed to reducing its marketing-to-revenue ratio from 60% to 36% over the quarter, as planned in the company’s second quarter report earlier in the year.

With deposits from customers reaching €39.7 million – an increase of 87% compared to the 23% in the second quarter – the growth is considered to be entirely organic.

Gross profit for the third quarter increased to €31.1 million, corresponding to a gross margin of 78.3%.

Announcing its long-term goals, LeoVegas said that it is determined to reach €300 million in revenue by 2018. The operator also wants to achieve an EBIDTA margin of 15% within the same year.

LeoVegas CEO and Co-founder Gustaf Hagman commented: “The launches of LeoVegas Sport and LeoVegas Live Casino have laid the foundation for strong growth in new customers and gave us considerable momentum into the autumn and third quarter.”

LeoVegas will also be showcasing at Malta’s biggest upcoming gaming event of the year next week between the 16th and 19th of November. If you’re interested in joining SiGMA16, click here to register.

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