LeoVegas announced a 26% increase in its customer base

 According to LeoVegas, among the most notable events during the quarter is the international launch of GoGoCasino and Livecasino.com and the increase in the company's participation in the e-sports betting operator Pixel.bet, which changed from 51% to 85%.

Given this scenario, Gustaf Hagman, CEO of the Group, expressed his satisfaction with the company's ability to adapt to the crisis caused by COVID-19 and the constant changes in regulations in the markets where it operates. Also, he analyzed the most outstanding figures of the period and commented:

“During the quarter our customer base again reached a new record level. The number of depositing customers grew 26% compared with the same period a year ago, which confirms the strong development of our business. This is partly attributable to the ongoing structural shift from land-based gaming to online, but above all to our focus on creating the best product and experience for our customers”.

In reference to markets, LeoVegas explains that in many places they have registered double-digit growth compared to the same period a year ago.

In Sweden, the company calls for a worrying increase in illegal gambling and calls on the country's politicians and authorities to take swift and firm measures to ensure the Swedish gaming market is functioning properly.

With respect to Germany, they state that LeoVegas today has a license in the German state of Schleswig-Holstein and expects to receive nationwide licenses once they are available. Germany generated approximately 17% of the Group’s total revenue during the third quarter.

Looking to the fourth quarter, LeoVegas reports that preliminary October revenues amounted to € 33.0 million, which corresponds to an annual growth of 27%.

Read LeoVegas Q3 2020 report