Endorsed by Gambling911

LeoVegas Completes Acquisition of World of Sportsbetting Ltd

Written by:

Guest

Published on:

Mar/28/2018

LeoVegas Completes Acquisition of World of Sportsbetting Ltd

On 7 February 2018 LeoVegas announced the acquisition of World of Sportsbetting Ltd (Malta). LeoVegas today completed the acquisition and gained possession of the shares in World of Sportsbetting Ltd. The acquisition was made for cash consideration of EUR 2.6 m.

World of Sportsbetting Ltd (Malta), holds a sports betting licence and a casino licence in the German state of Schleswig-Holstein as well as an approved application for a sports betting licence in Hesse. An approved application for a sports betting licence allows a company to market sports betting throughout Germany.

The licences give LeoVegas greater credibility in the German market and enable access to payment solutions that are important in Germany. This is in line with the company's strategy to expand in regulated markets and gives LeoVegas the best possible conditions to further accelerate in Germany.

In connection with the acquisition, we also announced LeoVegas new ambassador, Lothar Matthäus, and the focus on LeoVegas Sport. Lothar Matthäus has a long and successful national team career behind him, making him a strong profile in the German sports community.

For more information about the acquisition, see the press release from 7 February 2018, which is available at www.leovegasgroup.com.

For further information, please contact:

Gustaf Hagman, Group CEO and co-founder: +46 70-880 55 22, gustaf.hagman@leovegas.com
Philip Doftvik, Head of Investor Relations: +46 73-512 07 20, philip.doftvik@leovegas.com
Visitors address: Luntmakargatan 18, Stockholm
Corporate identity number: 556830-4033

About the LeoVegas mobile gaming group
LeoVegas' passion is "Leading the way into the mobile future". LeoVegas is Sweden's premier GameTech company and is at the forefront of using state-of-the-art technology for mobile gaming. In 2017 the company passed the threshold for being classified as a unicorn, i.e., a start-up valued at more than USD 1 billion. A large part of this success can be credited to an extreme product and technology focus coupled with effective and data-driven marketing. Technology development is conducted in Sweden, while operations are based in Malta. LeoVegas offers casino, live casino and sport gaming, and operates two global and scalable brands - LeoVegas and Royal X. The company's shares are listed on Nasdaq Stockholm. For more about LeoVegas, visit www.leovegasgroup.com.

Online Casinos News

Gambling in Australia: The Most Popular Casino Games

It may be the smallest continent, but Australia punches well above its weight when it comes to gambling. Aussies make up under 1 percent of the world’s population, yet they sit in front of almost 18 percent of the planet’s gaming machines or pokies.

How To Avoid Deposit And Withdrawal Fees On Online Casinos

Hidden fees on online casinos can quickly reduce your bankroll to almost zero, and can make a jackpot feel like a disappointment when you have to pay to withdraw your winnings. Many online casinos hide fees in the fine print, making it almost impossible to find out about transaction costs, currency conversion fees, or inactivity charges.

Strategies for saving money on online casinos

With flashing animations, 24/7 access, and games that range from poker to slots and everything in between, it’s easy to see how players get caught up in the excitement. But the fun can quickly turn into financial regret if you’re not careful. That’s why many seasoned players have developed their own methods for keeping costs down while still enjoying everything online casinos have to offer.

Is Mobile Gambling Killing the Desktop Casino?

Over the last decade, gambling has followed the rest of the internet into the palm of our hands. Gambling used to be a desktop-first experience, but now it’s shifted to mobile as phones and tablets have grown more powerful, faster, and easier to use. It’s so convenient to use your phone to play from anywhere that it’s changed how people interact with casino games. Yet some players and operators still cling to the desktop experience. So, is mobile gambling just the new normal, or is it replacing desktops altogether?

9 Casino Games You Need To Try In 2025

Most gamblers find a game they enjoy and stick to it. But this can really limit your casino experience. There are many classic table games that you may never have considered, as well as game varieties within your favorite genres.