LeoVegas Leader in Obtaining Swedish Gambling Licence
There has been quite some stir regarding Sweden’s upcoming law re-regulation.
Attempting to reduce problem gambling, the European country of Sweden has shaken the iGaming circles by announcing some vital changes in its laws. The country has had its hands full, and in fact on the launch day alone 22 operators applied for the licence.
LeoVegas Roars Its Way into Sweden
While LeoVegas Casino was not among the first to hand in its application, it is one of the first to receive it. To be exact, LeoVegas subsidiary LeoVegas Gaming Plc’s request has been approved and starting on 1st January 2019, the company, alongside others that will have gathered their licences, will be given right to conduct gambling activities in Sweden.
Gustaf Hagman, LeoVegas’ Group CEO pronounced the moment “a milestone in LeoVegas history”.
Hagman highlighted how hard the firm had been working on the extensive application, and is extremely proud that LeoVegas has finally obtained the licence. As we know, LeoVegas already owns a few licences, including Danish Gambling Authority, Irish Revenue Commissioners, Malta Gaming Authority (MGA) and the UK Gambling Commission (UKGC), and has therefore broad experience operating in regulated markets abroad.
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In the past couple of years LeoVegas has been striding full speed ahead, and put itself forward in responsible gambling and LeoSafePlay in particular, with Hagman naming it “an area that will continue to make up a fundamental part of [their] operations”.
The group has also tackled the issue of gender inequality in the industry and launched specialised programme LeoRegulus. What’s more, the operator offers the best mobile experience, which is a combination that is hard to beat. Hagman jauntily added, “LeoVegas is the most well-known online casino brand in Sweden.”
LeoVegas’s numbers in 2018 so far have been more than impressive. After the remarkably successful second quarter, the results for Q3 showed that 35% revenue is generated from regulated markets. Based on the success on record, the numbers are expected to grow to roughly 60% in early 2019.
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