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

Does Time2play Review the Best Offerings of New Sweepstakes Casinos?

Sweepstakes casinos seem to have a recent pull that is attracting a lot of attention from players. As they offer casino-style games without betting with real money, playing these games is legal in most places where online gambling is banned.

Jurassic Park and Jurassic World Online Casino Games Go Extinct

The license apparently is not being renewed.

Casino Cashout Limits and Policies: What You Need to Know

Fast payout processing in casinos affects user experience and safety. Players like to receive their payouts without delay, and they aren’t too fond of transfer restrictions.

What Makes a Gambling Platform More Trustworthy Than Others?

iGaming has become significantly popular due to various promotions, a wide selection of games, and overall ease of access as most online casinos are usually a few clicks away. With the expansion of iGaming, there are a vast number of online casinos to choose from, and this can prove difficult in an age where online safety and security should be a top priority. As such, finding a safe and secure alternative boils down to trustworthiness, fairness, and security - three factors that can make or break a casino's credibility.

How to Choose the Ideal Blackjack App: Features To Pay Attention

Blackjack doesn’t really change. The game has existed for hundreds of years and with very moderate exceptions, it’s always been played the same way. This makes it easy to find a friendly table. However, there is more to choosing a gambling app than simple consistency.