/PRNewswire/ At the Annual General Meeting on 11 May 2021, it was decided that the dividend of SEK 1.60 would be paid out four times with SEK 0.40 per share..
/PRNewswire/ In connection with LeoVegas completion of the acquisition of Expekt, one of northern Europe s strongest sports betting brands in Sweden is.
LeoVegas announces launch in the USA
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STOCKHOLM, May 17, 2021 /PRNewswire/
LeoVegas has entered into an agreement to launch the LeoVegas brand in New Jersey, USA. The State of New Jersey will mark the company s first establishment in the USA. LeoVegas will launch with its proprietary technical platform to ensure a world-class gaming experience. The company expects to be able to accept its first US customers during the first half of 2022.
In pace with expectations that the American market will become the world s largest regulated gaming market, LeoVegas is now establishing operations in the USA. LeoVegas will now offer online casino in the state of New Jersey through an agreement with Caesars Entertainment which provides market access.
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First quarter 2021: 1 January–31 March
Revenue increased by 8% to EUR 96.7 m (89.4). Organic growth in local currencies was 8%.
Organic growth when excluding Germany was 19%.
Adjusted EBITDA was EUR 10.9 m (9.0), corresponding to an adjusted EBITDA margin of 11.3% (10.0%). Reported EBITDA was EUR 10.4 m (9.0).
The number of depositing customers was 462,386 (413,269), an increase of 12%.
Adjusted earnings per share were EUR 0.07 (0.06).
Events during the quarter
LeoVegas acquired Expekt from Betclic Group for a total purchase price of EUR 5 m. Expekt is one of the most well-known sports betting brands in Sweden and the Nordic markets, and strengthens LeoVegas brand portfolio ahead of the intensive sport event years in 2021 and 2022. The acquisition of Expekt is expected to be completed in May 2021.
/PRNewswire/ "A good start to the year and increased focus on sports" Gustaf Hagman, Group CEO First quarter 2021: 1 January–31 March Revenue increased by.