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LeoVegas applies for gambling licence in Sweden

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LeoVegas applies for gambling licence in Sweden
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On January 1, 2019, Sweden becomes a licensed gaming market and LeoVegas has now submitted its application to obtain a licence for casino and sports betting. This is in line with LeoVegas’ expansion strategy and is one of the steps towards achieving the financial targets for the year 2020, which are to reach at least EUR 600 m in revenue and EBITDA of at least EUR 100 m.

“While it has been known for some time that Sweden is introducing a local licence system, it is very exciting to formally submit an application and is something we have been looking forward to for a long time. Sweden’s becoming a locally regulated market is a milestone for Sweden, the industry and LeoVegas. Now, for the first time, everyone can compete on equal terms in a regulated environment, where responsible gaming is a very important part. We believe we have great opportunities to continue gaining market shares in the Swedish market. LeoVegas is a company that operates on several regulated markets and thus has the right tools and knowledge to create sustainable and strong growth,” comments Gustaf Hagman, Group CEO.

 

Regulated markets and their potential

During the second quarter LeoVegas’ Net Gaming Revenue (NGR) from regulated markets accounted for 39% of total NGR. Regulated markets provide greater opportunities to localise the offering and be more relevant. This is especially true for marketing, as more marketing channels are opened up, but also for the customer experience, where – for example – more payment methods become available.

 

Responsible gaming – LeoSafePlay

A regulated market also has a greater number and more extensive guidelines for responsible gaming, which LeoVegas views as positive. Above all, the central register that will be implemented will serve as a valuable resource for responsible gaming.

The forthcoming licence requirements in Sweden are extensive with respect to responsible gaming. LeoVegas has always had its focus on this area, and it is something LeoVegas welcomes. The Company’s responsible gaming platform, LeoSafePlay, is operated as a standalone business unit in order to create the best conditions for the next generation system of responsible gaming based on machine learning and artificial intelligence

 

 

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.

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Invitation: LeoVegas Group fourth quarter 2021 results presentation

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Invitation: LeoVegas Group fourth quarter 2021 results presentation
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LeoVegas Group will publish the interim report for the fourth quarter 2021 at 08:00 CET on 11 February 2021. The results will be presented at a webcast and conference call hosted by Gustaf Hagman, CEO, and Stefan Nelson, CFO, at 09:00 CET the same day, followed by a Q&A session.

The webcast will be accessible via the Quartr app and at:

  • https://edge.media-server.com/mmc/p/dcefqmd9

Or by telephone at:

  • 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: 167 08 19
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REPURCHASES OF SHARES IN LEOVEGAS

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REPURCHASES OF SHARES IN LEOVEGAS
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During the period 29 November – 3 December 2021 LeoVegas repurchased a total of 30,000 shares in the company within the framework of the repurchase programme announced by the Board of Directors on 27 May 2021 to optimise the company’s capital structure and thereby create shareholder value.

Read more about the board’s decided repurchase program here. The repurchase programme is being conducted in accordance with Nasdaq Stockholm’s Rule Book for Issuers.

During the period 29 November –3 December 2021, shares in LeoVegas were repurchased as follows.

Date Aggregate daily volume (no. shares) Average price per day (SEK) Transaction value per day (SEK)
03/12/2021 30,000 30.74 922,050
Total 30,000 922,050

On 3 December 2021, following the repurchases carried out above, LeoVegas’ holding of treasury shares amounts to 3,357,970 shares. The total number of shares outstanding in LeoVegas is 98,295,000 shares.g

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NOMINATION COMMITTEE APPOINTED FOR LEOVEGAS AHEAD OF THE 2022 ANNUAL GENERAL MEETING

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Invitation: LeoVegas Group fourth quarter 2021 results presentation
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In accordance with the principles for appointment of the Nomination Committee of LeoVegas AB adopted by the Annual General Meeting on 11 May 2021, the Nomination Committee shall consist of five members appointed by the four largest shareholders. The fifth member shall be the Chairman of the Board.

Based on the above, the Nomination Committee ahead of the Annual General Meeting has been determined to consist of the following persons, who together represent approximately 17 percent of the number of shares and votes in the Company as per 30 September 2021:

  • Anders Fast, appointed by Gustaf Hagman
  • Malcolm Lilliehöök, appointed by Torsten Söderberg
  • Pontus Hagnö
  • Robin Ramm-Ericson
  • Per Norman, Chairman of the Board

The Nomination Committee’s recommendations will be presented in the Notice of the 2022 Annual General Meeting as well as on the Company’s website.

Shareholders who wish to submit proposals to the Nomination Committee may do so by email to [email protected] In order for the Nomination Committee to be able to consider a proposal, it must submit well in advance of the Annual General Meeting, but by 1 February 2022 at the latest.

LeoVegas’ Annual General Meeting will be held in Stockholm on 19 May 2022.

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