LeoVegas Press Releases
LeoVegas continues to invest for the future with the launch of a new front-end platform
The front-end platform is what the customers meet when entering LeoVegas.com. The technology creates new and improved opportunities for LeoVegas to offer the best, fastest and most innovative mobile gaming experience.
“We are investing further in state-of-the-art technology in order to continuously develop the customer experience and to create conditions for strong growth. Together with our back-end platform, Rhino, we are maintaining our technological lead in the industry and continue to be the leading GameTech company by working with world class technology,” comments Gustaf Hagman, Group CEO of LeoVegas.
The platform offers wide range of benefits which demonstrate LeoVegas’ position as the leading GameTech company:
The platform enables faster loading times and thus a better customer experience.
The platform opens significantly greater opportunities for improved Search Engine Optimisation (SEO). The value of improved SEO is that customers will be directed straight to Leovegas.com via search engines instead of going via third party (affiliate) sites. LeoVegas expects to boost its organic traffic via search engines and thereby be less dependent on affiliates for customer acquisition via search engines.
The platform strengthens LeoVegas’ reputation as an attractive employer by staying at the forefront and offering modern, advanced technology.
The new front-end platform is accelerating development and creating greater flexibility for developers, and thus also a future-proof technology for many years to come.
The platform can be used across the entire LeoVegas Mobile Gaming Group.
The new platform has been gradually introduced during the last month and is currently live in all markets served by LeoVegas.com.
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 sports betting, and operates two global and scalable brands – LeoVegas and Royal Panda – as well as a local, multibrand operator collectively referred to as Rocket X. The company’s shares are listed on Nasdaq Stockholm. For more about LeoVegas, visit www.leovegasgroup.com.
LeoVegas Group granted new nationwide license in Germany
LeoVegas Group has been granted a new gaming license by the German Federal States’ Joint Gambling Authority (GGL). Germany is one of Europe’s largest igaming markets, and under the new license, LeoVegas will be able to offer and market virtual slots nationwide.
The German Federal States’ Joint Gambling Authority, Gemeinsamen Glücksspielbehörde der Länder (GGL), has granted LVSports Limited, an entity of LeoVegas Group, a new gaming license, enabling the Group to start offering virtual slot machines across all sixteen German states and conduct nationwide marketing. This is a significant opportunity for the Group that provides access to Europe’s largest igaming market.
Gustaf Hagman, CEO at LeoVegas Group, said ”We are looking forward to launching LeoVegas in Germany under the new nationwide license. With our track record of regulated markets, we will ensure the greatest igaming experience with a high level of consumer protection.”
LeoVegas repurchases bonds
Reference is made to LeoVegas AB’s (publ) (“LeoVegas”) senior unsecured bonds with ISIN SE0015242854 (the ”Bonds”) and the terms and conditions for the Bonds (the ”Terms and Conditions”).
As announced by LeoVegas by way of a press release on 23 September 2022 and by a notice regarding a de-listing of the shares of LeoVegas from Nasdaq Stockholm to the bondholders and the agent the same day, bondholders have, as a result of the de-listing, had a right to request that LeoVegas repurchases Bonds during a certain time period.
The repurchase offer expired yesterday on 28 November 2022 and has thereby been declared concluded. Bondholders have, in connection with the repurchase offer, accepted repurchases of Bonds in a total nominal amount of SEK 115 million. Together with the previous repurchase offer, which expired on 14 November 2022, LeoVegas thereby repurchases Bonds in an aggregate nominal amount of SEK 318.75 million.
The price for repurchased Bonds is 101.00 per cent of the nominal amount and will be paid together with accrued and unpaid interest for the Bonds on the settlement date, which will occur on 2 December 2022.
LeoVegas repurchases bonds
Reference is made to LeoVegas AB’s senior unsecured bonds with ISIN SE0015242854 (the ”Bonds”) and the terms and conditions for the Bonds (the ”Terms and Conditions”).
As announced by LeoVegas by way of a press release on 8 September 2022 and by a notice regarding a Change of Control Event to the bondholders and the agent the same day, bondholders have, as a result of the change of control, had a right to request that LeoVegas repurchases Bonds during a certain time period.
The repurchase offer expired yesterday on 14 November 2022 and has thereby been declared concluded. Bondholders have, in connection with the repurchase offer, accepted repurchases of Bonds in a total nominal amount of SEK 203.75 million. The price for repurchased Bonds is 101.00 per cent. of the nominal amount and will be paid together with accrued and unpaid interest for the Bonds on the settlement date, which will occur on 22 November 2022.
The abovementioned notice to the bondholders and the agent and further information regarding the terms and conditions for the repurchase offer are available at the company’s website, under Investor Relations.
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