Spettacolo
LeoVegas enter Spain during Q1 2019
The Spanish market
The Spanish market for online gaming is projected to be worth approximately EUR 1 billion in 2019 according to estimates provided by H2 Gambling Capital*, compared with the Swedish market, which is worth approximately EUR 1.4 billion . Today only about 11% of all gaming in Spain is conducted online, compared with 52% in Sweden . Spain's online gaming market is experiencing strong growth as more and more gaming is being conducted online. The most recent figures from the Spanish gambling authority show that the casino segment grew by 30% in Q3 2018 compared with the same period last year.
Regulated markets
LeoVegas was recently granted a licence in the Swedish market. Applying for and subsequently getting a licence approved is a rigorous process. LeoVegas' ability to work with parallel licensing processes shows that the company has matured further and has good capacity to delivery high quality in all of its work. LeoVegas has profitable growth with focus on sustainability regarding its future expansion into new markets. Expansion into new markets is one of the steps for achieving the financial targets for 2020 of at least EUR 600 m in revenue and at least EUR 100 m in EBITDA.
LeoVegas today has gaming licences in Malta (EU), the UK, Denmark , Italy , Sweden , Ireland and soon also in Spain .
For further information, please contact:
Gustaf Hagman
President and CEO
+46-(0)-8-410-367-66
gustaf.hagman@leovegas.com
Philip Doftvik
Director of Investor Relations and Corporate Finance
+46-73-512-07-20
philip.doftvik@leovegas.com
About the LeoVegas mobile gaming group
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