Significant Growth Opportunity for Renowned Operator

LeoVegas Group, one of the leading online casino corporations, has been granted a new license by the German Federal States’ Joint Gambling Authority (GGL). With this approval, the operator will be able to showcase its premium quality products to an even wider network of players.

Already certified to operate in 9 jurisdictions, the corporation gathers 10 brands, among which Leo Vegas Casino, Royal Panda, and GoGo Casino, all equipped with the finest online casino, live casino, and sports betting products. Focused on mobile devices and product innovation, the company continuously pushes the limits in order to deliver a top-notch player experience.

Setting Foot in One of the Largest iGaming Markets in Europe

The German Federal States’ Joint Gambling Authority, Gemeinsamen Glücksspielbehörde der Länder (GGL), granted LVSports Limited, an entity of LeoVegas Group, a license to operate in Germany. This certificate enables them to offer virtual slot machines across all sixteen German states and conduct nationwide marketing.

Commenting on the newest certificate, Gustaf Hagman, CEO at LeoVegas Group, announced:

” We are looking forward to launching LeoVegas in Germany under the new nationwide license. With our track record of regulated markets, we will ensure the greatest iGaming experience with a high level of consumer protection.”

Highlights from 2022

The year behind us was notably fruitful for LeoVegas’ expansion strategy, as the group also received approvals from other renowned regulators.

In March, the company was notified by the Alcohol and Gaming Commission of Ontario that the Group has been registered as an iGaming operator. A bit less than a month after that, after the company completed the necessary onboarding process with iGO, its brands LeoVegas and Royal Panda received a license to operate in Ontario.

April brought them the opportunity to conquer the US market through Blue Guru Games, a forward-thinking studio with immersive casino games. Its ice-breaking game The Nemean Lion went live with several major operators.

As a small reminder…

… Blue Guru Games became part of the LeoVegas Group’s investment arm, LeoVentures, in 2021. Inspired by the gurus of the Himalayas and The Beatles, the enthusiastic team is also aligned with ORYX Gaming and is one of Relax Gaming’s Silver Bullet partners.

Continuing to promote safe and responsible behavior, LeoVegas Group also launched personalized, on-site messages in the Swedish and Danish markets. These notifications, already successfully implemented in the UK in 2021, help operators identify consumers who are at risk of developing irresponsible gambling habits.

MGM Resorts’ Proposal

In May last year, MGM Resorts, an American global hospitality and entertainment company operating in Las Vegas, made a public tender offer to acquire LeoVegas Casino. The suggested bid for the operator was SEK 61 per share, which amounts to more than six hundred million in cash.

Due to MGM Resorts International acquiring over 98 percent of the shares through MGM Casino Next Lion LLC, LeoVegas AB was de-listed from Nasdaq Stockholm in September 2022. On top of that, the company initiated a process of compulsory redemption of the remaining shares.

Source:

“LeoVegas Group granted new nationwide license in Germany”, leovegasgroup.com, March 3, 2023.