LeoVegas pursues Spanish gambling license Spain licence after Sweden application

LeoVegas pursues Spanish gambling license Spain licence after Sweden applicationReading Time: 1 minute

LeoVegas, a Sweden-based casino company, has started pursuing a casino license in Spain. The company has already applied for a new licence in Sweden.

Philip Doftvik, head of corporate finance and investor relations at LeoVegas, said that the company “welcomes” regulation in Sweden and that it has been “looking forward” to applying for a licence in the country for some time.

 “Sweden is one of our core markets and we are the biggest brand for online and mobile casino in Sweden,” Doftvik commented.

“In Q2, Sweden stood for 24% of our total net gaming revenue. Sweden is an important market for LeoVegas and we believe we have great opportunities to continue gaining market share in the Swedish market.”

Doftvik added: “LeoVegas is a company that operates in several regulated markets and thus has the right tools and knowledge to create sustainable and strong growth.”

“Submitting an application in Sweden is something we’ve been looking forward to for a long time and welcomes the regulation with the focus sustainability and responsible gaming.”

Doftvik also outlined the company’s broader plans, revealing that LeoVegas could look at applying for a licence in Spain as part of its ongoing growth plans.

“Our strategy is to expand in regulated markets and markets that are soon to be regulated, new product categories and to carry out strategic and complementary acquisitions,” he said.

“This means that we constantly looking to enter new markets. For example, we believe Spain is particularly interesting.”


Source: igamingbusiness.com

Source: European Gaming Industry News

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.