Connect with us

Latest News

LeoVegas AB Q1: Quarterly report 1 January – 31 March 2021



Announcement from LeoVegas AB (publ)'s annual general meeting
Reading Time: 4 minutes


“A good start to the year and increased focus on sports”
Gustaf Hagman, Group CEO

first quarter 2021: 1 january–31 march        

  • Revenue increased by 8% to EUR 96.7 m (89.4). Organic growth in local currencies was 8%.
  • Organic growth when excluding Germany was 19%.
  • Adjusted EBITDA was EUR 10.9 m (9.0), corresponding to an adjusted EBITDA margin of 11.3% (10.0%). Reported EBITDA was EUR 10.4 m (9.0).
  • The number of depositing customers was 462,386 (413,269), an increase of 12%.
  • Adjusted earnings per share were EUR 0.07 (0.06).

events during the quarter

  • LeoVegas acquired Expekt from Betclic Group for a total purchase price of EUR 5 m. Expekt is one of the most well-known sports betting brands in Sweden and the Nordic markets, and strengthens LeoVegas’ brand portfolio ahead of the intensive sport event years in 2021 and 2022. The acquisition of Expekt is expected to be completed in May 2021.
  • LeoVegas’ shares were taken up for trading in USD on OTCQX Markets in the USA. This is a way for the company to meet a steadily growing interest from US investors.
  • Via LeoVentures, LeoVegas invested EUR 1.1 m for 25% of the shares in SharedPlay, a company that makes it possible for players to share their gaming experiences with others through the industry’s first multiplayer solution.

Events after the end of the quarter

  • Preliminary revenue in April amounted to EUR 32.7 m (37.5), representing negative growth of 13%. Excluding Germany, revenue grew 4%.
  • The Royal Panda brand has been migrated to the Group’s proprietary technical platform, Rhino. All of the Group’s wholly owned brands are now run on the Rhino platform.
  • LeoVegas has started its own game studio, Blue Guru Games, to develop new and innovative games. The studio will develop exclusive games for LeoVegas as well as for other operators. The first games will be released in late 2021.
  • LeoVegas was issued a sanction fee of SEK 2 m by the Swedish Gambling Authority. The company intends to appeal the decision.



We are pleased with the start of the year and increased our revenue by 8% during the first quarter. Excluding Germany, which has been affected by new restrictions related to the upcoming regulation, revenue increased by 19%. Our growth has been driven mainly by our loyal customer base, which reached a new record level during the period. We have maintained a high pace of investment, and despite this we achieved adjusted EBITDA growth of 22%, driven by our scalability and good cost control.

During the first quarter we acquired the well-known sports betting brand Expekt. The acquisition gives us one more leg to grow on and complements the Group’s brand portfolio and product offering in a strategically good way. We are looking forward to Expekt once again becoming a leading sports betting brand in Sweden and thereafter also in other markets. The acquisition is expected to be completed in May in connection with our migration of the brand to our own technical platform. The timing of the acquisition is perfect as we are now facing two years filled with major sports events, and we plan to launch Expekt well in advance of the UEFA European Football Championship, which starts in June.

During the first quarter we saw the full effect of the changes taking place in the German market. Operators in the market are acting differently with respect to implementing the new restrictions, which unfortunately has led to a skewed competitive situation. The assessment is that up to 70%-80% of the German market for casino has temporarily been shifted over to operators that have chosen to not adapt to the coming market regulation. Our hope is that this will soon be sorted out by the German authorities, which is a prerequisite for the licence system’s success, with a high level of channelisation and consumer protection. Germany generated approximately 6% of the Group’s total revenue during the first quarter, compared with 15% a quarter earlier. Despite this development in Germany we delivered good growth at the Group level, which reflects our strong performance in many other key markets, including Italy, Canada and Spain. Our business is more diversified than ever before, and growth at the Group level is proof that our data-driven way of working and allocating marketing investments is effective.

I also want to highlight Sweden, where the strength of the LeoVegas brand and our product breadth is appreciated by our customers. Our Swedish customer base set a new record during the quarter, and in March we grew on a yearly basis for the first time since the temporary Covid-19 restrictions were implemented in July 2020.

The first quarter was an intensive period for our investment vehicle LeoVentures. Among other things we invested in SharedPlay, a company that makes it possible for players to share their gaming experiences with others through the industry’s first multiplayer solution. For a long time we have created successful,  exclusive games with the help of external providers. We are now taking the next step by starting our own game studio – Blue Guru Games. This venture will give us full control and greater flexibility in developing new games, a unique offering to our players, and also a new revenue stream for the Group.

Revenue for the month of April amounted to EUR 32.7 m (37.5), corresponding to negative growth of 13%. Excluding Germany, growth in April was positive at 4%.

Finally I want to urge you to be on the lookout for the new launch of Expekt in Sweden towards the end of May – you won’t be disappointed!

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: 6888544 or join at the web

This information is information that LeoVegas AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact person set out below, at 08:00 CET on 6th of May 2021.

Latest News

CreedRoomz introduces a new show game called Richie Roulette



CreedRoomz introduces a new show game called Richie Roulette
Reading Time: < 1 minute


Adding new excitement to the industry, CreedRoomz by BetConstruct is presenting a new twist on standard roulette with the launch of the Richie Roulette game.

The rules of the game are quite simple. The player wins if the ball covers the number on which the bet was made. In order to attract as many players as possible, the game allows a Straight Up bettor to multiply the win by at least 15x-1,700x by buying up to 10 chances from 49 gold bricks called STARs that appear after the main betting time. To further spice up player engagement, the game offers one free STARs chance.

The show game features a variety of betting options, attractive gameplay, and a user-friendly interface that will be convenient for both beginners and experienced players.
The new addition of Richie Roulette to CreedRoomz’s diverse gaming portfolio is aimed at contributing to profits of operators who own live casino businesses. The game provides significant opportunities for revenue growth and long-term success.

Continue Reading

Latest News

New website for Reflex Gaming



New website for Reflex Gaming
Reading Time: < 1 minute


Reflex Gaming, an omni-channel games supplier based in the UK, has unveiled its new website. 

The new website has been re-designed to offer a clean and modern look and offers a user-friendly experience with improved navigation and functionality while allowing customers to get a sense of the company’s growing gaming portfolio.

New features will help users to navigate the site quickly and easily.   Among them:

Information about different machines and the Slingshot platform. 

Game details, including gameplay videos, to assist affiliates and operators in gathering key information. 

Easily contact Reflex Gaming’s technical support team – previously, customers were required to sign up, then get verified, before they could make contact online for support. This step has been simplified.  

Visitors can access our latest news, including game launches, press releases, and company updates.

Quentin Stott, MD of Reflex Gaming, said, “We started this project with the goal of updating and refreshing the look and feel of the website, as well as making it easier for our clients to find key information.

“We overhauled the old website to include design enhancements, usability and speed improvements, and other features that will enhance the overall browsing experience. We are very proud of our new site and hope our visitors feel the same.”

The website will be regularly updated with new games, blog posts and videos.

Continue Reading

Latest News




Reading Time: 3 minutes


The multiservice platform, partner of the Biancocelesti team, will give away a stage of the 2022 Summer Camp to 11 children from the So.Spe. charity

Football and solidarity took once again the stage at Olympic Stadium. On the occasion of Lazio-Verona, last Saturday, a Corporate Social Responsibility initiative was presented by PlanetPay365 – the multi-service platform owned by Planet Entertainment-SKS365 Group – together with S.S. Lazio and the non-profit organisation So.Spe.

The project was unveiled before the kick-off, where 11 children from So.Spe’s group homes received a special ticket, allowing them to participate in the S.S. Lazio 2022 Summer Camp. Thanks to the help of PlanetPay365, the selected children – boys and girls aged between 9 and 14 – will take part in the Abruzzo’s leg in Tagliacozzo (AQ) from the 3rd to the 9th of July. PlanetPay365 will allow them to enjoy the “Full camp” formula and each of them will receive a kit prepared together with So.Spe.

The aim of PlanetPay365 – which with this initiative extends its partnership with S.S. Lazio, in the corporate social responsibility field – is to give children from families in economic and social difficulty the chance to live a lifetime sport and training experience. The Summer Camp, in fact, are focused on football (under the guidance of trainers from the Biancocelesti youth sector), but in addition to training and matches they are also structured to allow children to have fun, make friends and live new experiences in a group, with a view to inclusion and respect for diversity.

The special guests of the Summer Camp went together with the footballers on the pitch, just before the match, and received a facsimile of an “entry ticket” to the summer camp. In addition, In June, an “Open Day” will also be held involving the children of the So.Spe family homes and the company’s employees: in this way, the company’s employees will be giving their contribution to the distribution of sports gadgets and other gifts, as well as organising recreational activities.

“The initiative with S.S. Lazio and the So.Spe Foundation marks the first stage of our global CSR project, which in the coming months will include many other initiatives in Serbia, Austria and Malta, where SKS365 has its offices”, said Brian Dean, Planet Entertainment’s Chief Executive Officer. “It is no coincidence that last Saturday – we celebrated World Day for Cultural Diversity for Dialogue and Development, a moment to reflect on inclusion and respect for differences. As a company with employees from many different cultures and dozens of different nationalities, the promotion of equality is a fundamental pillar of our mission, as well as the support for children in need, which we want to help through sport. We see sport as an opportunity to build new friendships, help children realise their dreams and give them hope for a better future. Through our CSR plan, we connect with local communities in the countries where SKS365 is present and, with the help of our partners and the commitment of our employees, we provide support and resources to make these children’s dreams come true. I sincerely thank the invaluable support and collaboration of So.Spe and S.S. Lazio and I firmly believe that this is just the first stage of a long and fantastic journey together”.

“In many years of activity with our foundation, this is the first time ever we have received such a gift” – said sister Paola, the nun founder of the So.Spe foundation. “Thanks to the PlanetPay365 initiative, 11 children of our community will be living this summer a unique and unforgettable experience, which I believe will have a great impact on their development and personal growth. I hope this is just the first of many other projects that will run together with PlanetPay365 and S.S. Lazio, with the goal to enable the dreams of these guys and help those less fortunate to make their aspirations come true”.

“Once again, the S.S. Lazio – said President Claudio Lotito – wants to concretely affirm the values of solidarity and respect for people, an ideal that has always been part of the Biancocelesti DNA. We want to do it by bringing together young people through sport, that has the power to break down every wall and difficulty. I wish great fun to the girls and boys who will be at the Summer Camp: may it be an educational experience for them, where they can develop serenity and lightheartedness and meet new friends. The smile and the desire to be together is something that should never be taken away from the youngest”, Lotito concluded.

Continue Reading

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.


Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.