LeoVegas Press Releases
LeoVegas AB: Authentic Gaming is granted licence and enters into agreement with the UK’s largest casino
LeoVegas’ subsidiary Authentic Gaming has entered into an agreement with the Aspers Group in the UK, under which Authentic Gaming will provide roulette games via live streaming from Aspers’ prestigious casino – the Aspers Casino Westfield Stratford City in London.
This partnership was formed shortly after Authentic Gaming was granted a B2B-licence from the UK Gambling Commission, which gives the company the right the offer its product to operators active in the UK market. Authentic Gaming’s existing customers consist of several leading operators, about half which have an operating licence in the UK.
“We are proud of this partnership with Aspers, which will allow Authentic Gaming to make its roulette tables available in the UK and other regulated markets in Europe,” comments Jonas Delin, CEO of Authentic Gaming. The B2B-license means that we can finally offer our UK product to our existing customers, but also expand our network with new operators as we expect to see greater interest in our product. It is amazing that we now enter Europe’s largest live casino market!
Gustaf Hagman, LeoVegas’ Group CEO, comments: “Authentic Gaming continues to deliver on its growth strategy and has entered into yet another strategically important agreement. At the end of last year the company signed an agreement with the gigantic Foxwood Resort Casino in the USA, and this is now being complemented with the UK’s largest casino.”
Authentic Gaming’s live casino product has been launched to date on some 115 sites via some 20 operators. Authentic Gaming has licences in Italy, Romania, Denmark and the UK. Read more about Authentic Gaming here: http://www.authenticgaming.com.
While Authentic Gaming is showing favourable development, its performance is not expected to have a material impact on the LeoVegas Group’s growth and earnings in the near term.
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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