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LeoVegas completes acquisition of World of Sportsbetting Ltd

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7 years ago

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Leo Vegas / Double Brand Ambassadors - Photo credits: Freefolk
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Press Release – 26 March 2018 –

On 7 February 2018 LeoVegas announced the acquisition of World of Sportsbetting Ltd (Malta). LeoVegas today completed the acquisition and gained possession of the shares in World of Sportsbetting Ltd. The acquisition was made for cash consideration of EUR 2.6 m.

World of Sportsbetting Ltd (Malta), holds a sports betting licence and a casino licence in the German state of Schleswig-Holstein as well as an approved application for a sports betting licence in Hesse. An approved application for a sports betting licence allows a company to market sports betting throughout Germany.

The licences give LeoVegas greater credibility in the German market and enable access to payment solutions that are important in Germany. This is in line with the company’s strategy to expand in regulated markets and gives LeoVegas the best possible conditions to further accelerate in Germany.

In connection with the acquisition, we also announced LeoVegas new ambassador, Lothar Matthäus, and the focus on LeoVegas Sport. Lothar Matthäus has a long and successful national team career behind him, making him a strong profile in the German sports community.

For more information about the acquisition, see the press release from 7 February 2018, which is available at www.leovegasgroup.com.

 

For further information, please contact:

Gustaf Hagman, Group CEO and co-founder: +46 70-880 55 22, [email protected]

Philip Doftvik, Head of Investor Relations: +46 73-512 07 20, [email protected]

Visitors address: Luntmakargatan 18, Stockholm
Corporate identity number: 556830-4033

About the LeoVegas mobile gaming group

LeoVegas’ passion is “Leading the way into the mobile future”. LeoVegas is Sweden’s premier GameTech company and is at the forefront of using state-of-the-art technology for mobile gaming. In 2017 the company passed the threshold for being classified as a unicorn, i.e., a start-up valued at more than USD 1 billion. A large part of this success can be credited to an extreme product and technology focus coupled with effective and data-driven marketing. Technology development is conducted in Sweden, while operations are based in Malta. LeoVegas offers casino, live casino and sport gaming, and operates two global and scalable brands – LeoVegas and Royal X. The company’s shares are listed on Nasdaq Stockholm. For more about LeoVegas, visit www.leovegasgroup.com.

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Zoltán is a self-taught publisher and events organizer who has developed several brands and services that have increased the notoriety of his company within multi-billion dollar industries. In 2018, he has become a TEDx speaker and talked about reputation management in the digital era. As Co-Founder of HIPTHER Agency, Zoltan has helped develop highly respected online news portals, virtual and in-person conferences that cater to multiple industries on 5 continents. Among the developed brands and services you can find online news portals that cover several tech industries, gaming, blockchain, fintech, artificial intelligence, and more. In parallel, the company has built a portfolio of annually organized boutique-style conferences in Europe and North America. All the events organized by his company focus on bringing a wealth of information about the latest innovation in several industries such as Entertainment, Technology, Gaming and Gambling, Blockchain, Artificial Intelligence, Fintech, Quantum Technology, Legal Cannabis, Health and Lifestyle, VR/AR, eSports and many more. Zoltan enjoys writing articles on all portals owned by the HIPTHER Agency, talking at conferences, hosting the weekly HIPTHER Talks Podcast, and loves spending time with his family. Zoltan is a duathlete who enjoys training for different international competitions which include running and cycling.

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