LeoVegas is launching GoGoCasino as the first brand on its proprietary multibrand platform. GoGoCasino complements and diversifies the Group’s brand portfolio, which is operated under the collective name “Brands of Leo”.
“Shortly after going live with our multibrand portfolio we are now launching GoGoCasino. The brand has a modern and fun tone that conveys a smooth experience and fills a hole in the market,” comments Gustaf Hagman, LeoVegas’ Group CEO. “For customers who value simplicity and speed, GoGoCasino sets an entirely new standard for the industry. The start and response from customers have been very positive and we are capitalising on the Group’s strengths, experience and economies of scale. GoGoCasino is initially being launched in Sweden, but will go live in more markets soon.”
GoGoCasino – First brand to be launched on the Group’s multibrand platform
GoGoCasino combines the best functions in casino with a high level of user friendliness and alluring design. The brand features an inventive and innovative product that offers one of the industry’s smoothest gaming experiences. Try it here: GoGoCasino.com.
GoGoCasino has been developed by a small team that has used existing resources within the Group, all in line with LeoVegas’ plan to increase efficiency in the Company with existing resources. The aim of the proprietary multibrand platform is to launch more customised brands.
The multibrand strategy and Brands of Leo are part of the Company’s expansion strategy and will contribute to the achievement of the financial targets for 2021 of EUR 600 m in revenue and EUR 100 m in EBITDA.
About the LeoVegas mobile gaming group
LeoVegas’ passion is “Leading the way into the mobile future”. LeoVegas is the premier GameTech company and is at the forefront of using state-of-the-art technology for mobile gaming. 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 number of local brands in the UK. The company’s shares are listed on Nasdaq Stockholm. For more about LeoVegas, visit www.leovegasgroup.com.
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.
LeoVegas launches collaboration with researchers at Karolinska Institutet to prevent problem gambling
The igaming company LeoVegas Group announces a four-year research project in partnership with the Karolinska Institutet’s Department of Clinical Neuroscience, Stockholm, one of the world’s leading medical universities. The research will aim to improve understanding of how to identify signs of problem gambling and, ultimately, prevent it. LeoVegas Group is providing funding and raw data to the research team, who will begin the project in autumn 2022.
LeoVegas Group and Karolinska Institutet’s Department of Clinical Neuroscience will launch a research project to increase understanding of gambling problems and improve methods for identifying and preventing them by studying the Group’s customer data. The joint project is being funded by LeoVegas Group and is part of the company’s efforts to inform the debate about responsible gaming by providing research to support evidence-based discussions, and ultimately lead to a reduction in the harmful effects of gambling.
Philip Lindner, an associate professor and leader of the university’s research unit with expertise in clinical and applied research in digital psychiatry will lead the project. The university’s research unit aims to develop, evaluate, and implement new tools for mapping and treating mental illness. The collaboration guarantees the researchers academic freedom, and the research will shortly be submitted for ethical review.
Gustaf Hagman, CEO of LeoVegas Group, said “Responsible gaming is an important priority for LeoVegas Group. We believe that our industry must take greater responsibility for contributing knowledge and facts about gambling-related problems, and learning how to minimise these issues. We are proud to be partnering with Karolinska Institutet to carry out this valuable research and hope that decision-makers and the igaming industry will be able to apply the findings in order to support more responsible gambling.’’
Philip Lindner, associate professor and research group leader at Karolinska Institutet, added “As researchers at universities, we have a duty to spread knowledge that is useful to society. This collaboration gives us a unique opportunity to study data that hasn’t previously been available for research. We hope that the collaboration will lead to new ways of identifying and helping players at risk, at the earliest possible stage.”
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