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LeoVegas AB Q3: Quarterly report 1 July– 30 September 2020

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LEOVEGAS PUBLISHES PROSPECTUS AND APPLIES FOR ADMISSION TO TRADING OF BONDS ON NASDAQ STOCKHOLM
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THIRD QUARTER 2020: 1 julY–30 september

  • Revenue increased by 1% to EUR 88.9 m (88.2). Organic growth in local currencies was 2%.
  • EBITDA was EUR 11.9 m (12.7), corresponding to an EBITDA margin of 13.4% (14.4%).
  • The number of depositing customers was 438,691 (347,464), an increase of 26%.
  • Earnings per share were EUR 0.04 (0.05) before and after dilution, while adjusted earnings per share were EUR 0.08 (0.09).

Events during the quarter

  • GoGoCasino and Livecasino.com launched in Finland. An international launch of both brands is in progress.
  • Operations in Sweden have been affected by the temporary restrictions that were introduced on 2 July as a result of Covid-19
  • LeoVegas increased its ownership in the e-sports betting operator Pixel.bet to 85% from 51% previously.
  • Operating profit for the quarter includes costs of EUR 0.5 m in organisational streamlining and optimisation measures. Yearly net savings from these measures is expected to total EUR 1.5 m starting next year.

Events after the end of the quarter

  • Preliminary revenue in October amounted to EUR 33.0 m (26.0), representing growth of 27%.
  • Royal Panda has relaunched in Finland on the Group’s proprietary technical platform.
  • LeoVegas has launched Bingo as new product category.
  • Ahead of the forthcoming regulation of the German market, effective 15 October a number of changes have been made that affect the customer offering. This had a slight negative impact on revenue in October. LeoVegas expects to receive nationwide licences for the German market once they are available.

 

COMMENT FROM GUSTAF HAGMAN – GROUP CEO

THIRD QUARTER 2020
Once again, we have shown our ability to quickly adapt to new, external circumstances, such as those related to the continuing pandemic and the constant regulatory changes in our various markets. During the third quarter we maintained a high pace of innovation and investment, which is strengthening our long-term position and growth prospects.

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. We continue to optimise scalability and reduce complexity in the organisation. During the quarter, among other measures we realised synergies from previous acquisitions and instituted a clearer organisational and Group structure. This has led to a slight level of staff redundancy, and operating profit was charged with EUR 0.5 m for measures coupled to this. At the same time, we estimate that yearly net savings from these measures will amount to roughly EUR 1.5 m starting with next year. Our efficiency improvement work equips us for continued profitable growth and makes us – combined with greater diversification of the revenue base – more resilient to rapid fluctuations in individual markets.

MARKETS
We had a favourable development in most of our markets during the quarter, with our growing customer base as the main driver. Many markets had double-digit growth compared with the same period a year ago.

In Sweden we are seeing a troubling development in which the unlicensed market continues to grow unhindered. A growing number of operators without licences are actively targeting Swedish players, including those who have been barred by the self-exclusion tool Spelpaus. This has been confirmed by, among others, several organisations that provide help to people with a gambling problem. These organisations have noted that the majority of those seeking help are playing with the unlicensed operators. The problem is big and is shaking the foundation of the entire Swedish licence system. Quick and strong measures are now needed by Swedish politicians and authorities to ensure a well-functioning Swedish gaming market.

In Germany the federal states have agreed to introduce a licence system for gaming, which is expected to be implemented during the second half of 2021. We are looking forward with confidence to Europe’s largest market finally being regulated. Ahead of implementation of the licence system, it is expected that operators will carry out certain limitations in their respective customer offerings in advance. LeoVegas has already begun implementing such limitations, which will initially have a negative impact on revenue. Details on regulation of the German market are provided in the Legal update section in this report. LeoVegas today has a licence in the German state of Schleswig-Holstein and expects to receive nationwide licences once they are available. Germany generated approximately 17% of the Group’s total revenue during the third quarter.

technology and products
The quarter was intense for our technology and product organisation, with the completion of a number of major projects. For example, we implemented the German regulatory requirements on short notice and launched the GoGoCasino and Royal Panda brands in Finland on our proprietary platform. We also are seeing higher demand for broader entertainment games among our players and therefore recently launched our Bingo product.

comments on fourth quarter
Preliminary revenue for the month of October amounted to EUR 33.0 m (26.0), corresponding to annual growth of 27%. The changes introduced in the German market on 15 October have had a slightly negative impact on revenue.

With a positive start to the fourth quarter, a record-large customer base and many exciting initiatives I am looking forward to a strong end to the full year.

Presentation of the report – today at 09:00 CET

  • To participate in the conference call, and thereby be able to ask questions, please call one of the following numbers: SE: +46 (0) 8 50 69 21 80, UK: +44 (0) 20 71 92 80 00, US: +1 63 15 10 74 95, Confirmation code: 2874453 or join at the web https://edge.media-server.com/mmc/p/budae7ar

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Online Bonuses Offered in German Casinos Influence Your Gaming Experience

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Germans love football and it’s the most popular spectator pastime in the country. Their love for gambling has also been manifested in the surge in the number of online casinos operating lately. German casinos are at the top of the global gambling industry, and that’s why the governing body has been doing everything possible to regulate the industry. A visit at Caxino Casino will provide you will all the necessary information you need about online casino gambling.

Despite the strict laws that govern gambling in Germany, players will never be prosecuted for playing online. These casinos also provide access to a wide variety of online casino games. Slots is still a popular game in many German casinos, but you can also play video poker, Baccarat, Roulette, and live casinos games.

Sports betting is a trend that has influenced the way people gamble or pass the time online. Germans love playing football online, but the reputed casinos have gone on to provide a wide variety of sports like basketball, hockey, cricket and much more. You should be considerate at all times about the best online casino, and here is where Caxino Casino comes in and offer unparalleled products and services.

The casino has been one of the best platforms offering an impeccable game library. It has done everything possible to take customer level of gaming experience a notch higher. Besides, provide a safe and fast gaming settings, it has also been providing amazing rewards if form of bonuses.

Online Casino Bonuses- What to Know

Online casinos have used bonuses as a foundation for providing their customers with a great time. Casino bonuses will vary, but German casino guarantee unrivalled gaming opportunities and fun with their bonuses. Players just need to target bonuses or rewards that satisfy their needs and help meet their expectations.

The key thing that gives this casino the edge above competitors is that it helps players understand available bonuses. Then they can go on and pick the best online casino bonuses that vary from welcome bonus, no-deposit bonus, exclusive bonus, match bonus, cashback bonus, and free spins. And to get the most out of this, you will need to check out and use the available bonus codes.

At wildzbonuscode.de, you will find the hottest bonus codes in the market, and fruitfully make use of your dream online casino bonuses. To grab the available online casino bonuses and participate in any of the promotions you desire, here are few things to keep in mind.

  1. Consider the betting requirements for using the available casino bonuses
  2. Feel free to make deposit in order to get a big online casino bonus
  3. Don’t just hold the casino bonus or coupon code and fail to check the expiry dates
  4. Don’t just go for any casino bonuses you come across as you can get the most by picking game-specific bonuses
  5. Keep in mind that it is not all about the available bonuses, but the may opportunities you get when you sign up to an online casino

Make use of Attractive Online Casino Bonus Codes

The reward system used by Caxino Casino and other reputed casinos contributes significantly to customer satisfaction. Despite the online gambling market being competitive, bonuses have always been away to attract new and keep the existing customers. Bonuses are the little gifts you get from online casinos that keep on giving.

With casino bonuses that are backed by the right codes, its easy to win huge money and increasing your winnings every day. To make their latest games and promotion, German casino use bonus codes to market their activities and make clear their motives. When you get a sign-up code, promo code, or coupon code, they all means extra online games, free spins and cash.

The bonus code you settle for should work best for you. If you are new to online gambling and come across the Wildz bonus code, take advantage of the welcome-bonus code. The coupon code may much your first deposit and you will get more money in the long run.

Most importantly, when you identify a casino bonus you like, go on and copy the bonus code. Clicking on the get bonus button will take you to the desired casino website where you will have to register as a new player. Signing up online is quite easy as you just need to provide your personal details and get a chance to entire you unique Wildz bonus code in the provided coupon section.

The bonus will be accredited to your account, if you get every step right. Sometimes it might take a few minutes for the bonus to be accredited. Don’t stress at all, especially if you are into different types of online casino games.

If the bonus doesn’t appear in your account, fret not. It’s the best time to seek customer services from the casinos support team. And they will come in handy and offer the much-needed assistance. Customer care support agents are well-trained, welcoming and experienced in dealing with such situation and will be eager to lend a helping hand.

Once you contact them via provided phone number, email or live chat, tell them about the bonus code you used. They should be able to help regardless of the time of day or night as its their duty to satisfy customer needs and requirements. They also keep up to date a list of the available casino bonus codes and they won’t hesitate to let you know if your bonus has reached expiry date.

Final Thoughts

The online gaming sector is quite competitive worldwide, and you should know more about the casinos you are visiting. German casinos have stood the test of time and have proven to offer customers amazing gambling opportunities. Caxino Casino is among the top online platforms to visit and it offers fantastic experiences.

More good news to gamblers is that these casinos use bonuses as a part of the amazing online casino landscape. You will want to use these bonuses more often, especially if acquainted on how to use the bonus code. Just like that, you will take advantage of free games, free spins, and free money at your disposal. Feel free to use available casino bonuses, as they are the pathway to great online casino rewards.

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Build a Great Canadian Casino Online Gaming Experience

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Canada is a great place to be and offers unparalleled adventures. The online casino industry has been a great source of entertainment and you won’t regret visiting top-notch Canadian casinos. There are standout casinos you can play in the country and especially online, but Wheelz Casino Canada offers more than you can imagine.

Online casinos hold valid licenses, and there is nothing that should hold you back from playing in one of the best casinos in Canada. It is a trustworthy online casino that will change your gaming experiences and all your exploits. Casinos in the region are doing well with a clear indication being the different gaming and gambling events held in the country on yearly basis.

The industry has also contributed greatly to the growth of Canadians economy. Gaming in the nation has contributed to growth in employment has it creates hundreds of thousands of jobs. This translates to billions of dollars in revenue.

In addition, gaming is a strong pillar of the broader hospitality industry in the country. With this in mind, you shouldn’t have any reservations about visiting one of the best online casinos in the region. Wheelz delivers unmatched gaming experience and casino personalization, and you will fall in love with everything that it offers.

Why Trust Canadian Online Casinos – What to Know

The list for incredible Canadian casinos is endless, and you shouldn’t have any doubts trying a few of the best. You can play for real money or to satisfy your gaming interests or requirements. Significantly, you shouldn’t fret at reviewing each casino. The good news is that the Canadian Gaming Association works hard to make sure each casino abides by set regulations.

It is always the goal of every online casino to offer its large clientele base with best playing opportunities and experiences. And Wheelz casino is devoted to provide services and products customers will love every moment they choose to play at the casino. Here is why Canadian casinos keep attracting more players:

A Matchless Casino Games Library

Online casinos in Canada offer an impressive game library and each game should stand out in its design. You will without a doubt like the Wheelz casino games selection. If you are an enthusiastic online player, you can burst with the latest games from the huge collection.

You will come across a classic of online casino games in Canada and you can play anywhere, and at any moment. Slots a number one pick among many players and you can explore diverse games from Book of Dead to Age of the Gods among other fun-filled games. Casino slots available are designed by widely reputed game developers and you will have unlimited access to the best slot machines in the country.

You can play this slot game and experience the amazing adventures, big wins and exciting situations. The themes and symbols are fantastic and you will enjoy every moment on your favorite casino. Other Canadian casino games to opt for include roulette, blackjack, live casino, video poker, and progressive jackpots.

Ease of Access and Play

Signing up at any of your favorite Canadian casino is simple and quick. All you need is to have reached the set gambling age that is 18 years of age. With a valid email address and cell phone number, it is easy to open and register your account.

Online casinos are always a click away and guarantee unrivaled convenience. They provided a platform where you can gamble or play favorite casino games stress-free or in the comfort of your home.

Perfect Promotions and Bonuses Galore

Your online casino experience won’t be complete without top-quality and best bonuses best suited for all players. Canadian casino is known to offer abundance of promotions and this is the trend you won’t ignore. Deposit bonuses, cashback, free spins, golden chips and other transparent types of bonuses.

The available promotions and bonuses should be easy to claim, understand, and come with plenty of time before they expire. Just choose a bonuses option that satisfies your needs and requirements.

Gives Power to the People

Online casinos should always give power to the people to their greatest extent. the casino of choice should be built for its target audience or customers. This should include giving players not only an opportunity to demonstrate their interest or style of gameplay, but also provide a custom playing setting.

Wheelz like many other reputed Canadian casinos provides world class customer services. Customers who have any questions or need assistance, the customer support team at the casino will always be there to lend a helping hand. The team will be willing to assist with a friendly manner and with a warm smile.

Casino Safety and Privacy

Canadian casinos employ strict security and privacy measures that will protect all players. The data clients provide is protected and encrypted to restrict any unauthorized access. Thanks to two-factor authentication technology, players can access their data without any qualms. Canadian Gaming Association fosters a safe responsible gambling environment making it easy to enjoy and relax while playing their favorite games.

Affordable and Responsible Gambling

Online casinos pay much attention to the kind of experience they offer and this will include making sure customer enjoy affordable betting. Online casino games require little deposits, which the majority of players can afford, young or old. This is a key reason, online casino in Canada keeps attracting more players.

Join the Best Online Casino in Canada Today

Joining online casinos should be straightforward and simple. Wheelz is a standout casino you shouldn’t have any hesitations joining as it accepts all Canadian players. All you need is to provide your email address, name, phone number and essential personal information. Then you can make your first deposit or claim a welcome bonus and you are good to go.

To Sum Up

You shouldn’t have any reservations playing online casino games. These casinos are the best platform to explore a wide selection of games and in the comfort of your home, office or when travelling. Canadian casinos are legitimate and provide customers with unparalleled gaming experience and moments. Feel free to know the online casino basics of the casino you visit in Canada.

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Top Secrets You Don’t Know About Casinos

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Casinos have mastered the art of parting us with our money, and it is still strange how they achieve that. Casinos are fun, but you should know what you are getting yourself into before your first game. Like other fields, there are also hidden secretes in the casino world.

Casino secrets are mainly kept off the radar, making it hard for the public to know them. That is why we discuss some top hidden secretes in the casino world. Check out Wildz Casino to learn more about the same.

  1. All Items in the Casino are Meant to Extend your Stay

If you have been to a casino, you know that everything put there is meant to make you lose track of time. There are no clocks or windows in casinos, and these features help the casino achieve the above. It is hard to tell the difference between three in the morning and three in the afternoon.

Some casinos have gone the extra mile to make sure clients stay there for long. These casinos have installed stripper poles that keep the guests entertained. Other casinos also have free drinks and meals for the same purpose.

  1. Security is Always Watching

It is safe to assume that security is constantly watching when you are in a casino. This is possible due to the high number of surveillance cameras. However, these cameras are not installed in private areas like the washrooms.

The casino administration uses these cameras to flush out cheaters and criminals. Remember, it is also possible for the officials to zoom the cards. This means there is a security guard somewhere watching your moves.

  1. Security is Watching Whenever You Win Big

It is safe to say that security is always watching, especially when you win huge chunks. The guards do this to make sure the win is legitimate. They also check whether the winner used any cheat methods to win.

This scrutiny also occurs to slot winners. An example of people in this category is a $500,000 winner. The security team will review the methods used to win to ensure the winning is credible. However, the security does not harass casino members in the process.

  1. The Lighting is Intended to Make You Feel at Home

Some casinos have adjusted the lighting and warmth to make you feel as comfortable as you can. You will notice dim lights that make you feel at home. All these strategies are intended to make you satisfied.

Casino management knows you will stay there longer if you feel more comfortable. This, in turn, means you will spend more money gambling.

  1. Some Games Have a Better Rip-off Than Others

It will help to know that all games found in casinos are tilted to favour the management. However, some are worse than others. Most games are programmed in such a way that it becomes hard for a person to win.

Games like Caribbean Stud are more preferred because of their vast payouts. However, you will part with huge chunks before you win in such games. The management knows how in-demand these games are, and that is why they tune them.

  1. The Security Knows all Cheating Signs

Gamblers know everything about behaviours that portray a specific intention. Security is always on the lookout for cheaters and card counters. Examples of such weird actions include;

  • Strange money management
  • Two people sitting close to one another
  • Rubbernecking
  1. The Poker Rooms are the Least-Watched Area

Security teams in casinos do now spend a lot of time checking the poker rooms. This is because poker players gamble against each other. The casino also does not stake a lot of money in these rooms.

Stakes are put by casino players, and that is why security is less tight here. Players take charge of themselves in these rooms. Nobody would want to lose unfairly to their rivals. It is also possible to detect any lies if you have played for long.

  1. Dealers Prefer you to Bet on Their Behalf.

One of the standard routines in casinos is tipping your dealers. Most dealers prefer the players to bet with their tips and not handing over the lead.

These dealers prefer betting because it can make the winnings more significant.

  1. The Dealers are Sorry for You

Remember, dealers follow almost all actions in the casinos. These actions end in success or failure.

Dealers will feel sorry if you lose, especially if they rooted for your win.

How to Win Big in Casinos

Winning in casinos is not an easy thing. This is because even the management tunes the games to their favour. However, you can try the following things to increase your chances of winning.

  1. Have a Strategy in Your Games?

Most games do not have a strategy besides shunning the least bets at a table. Some games need you to make sound decisions before you implement the gameplay. It is advisable to head to all competitions with a strategy, no matter its nature.

An example of an easy game in casinos is roulette. You can choose how you want to bet depending on your risk tolerance and other factors.

  1. Quit After Winning

It is challenging to win money after walking with a huge chunk. Remember, casino games have an edge, and this means you are more likely to lose. Every bet puts you at risk of losing your hard-earned winnings. You can check out Wheelz for more information.

It is always advisable to quit after winning your bet to stay clear of this issue. However, you can also put aside the majority of the share and gamble with the remaining little.

  1. Go Big or Go Home

It is best to win a huge chunk at once, then many small bets. This means you should head to the casino with enough cash to get the job done.

Final Thoughts

Casinos have been increasing rapidly in the recent past. Gambling has become part-and-parcel of some people’s lives. However, it would help to know the above-hidden secrets before you head there.

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