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LeoVegas Launches LiveCasino.com
LiveCasino.com has been developed and launched by Brands of Leo, the Group's multibrand unit, and will be run by the same team that created the GoGoCasino brand. The team has support from LeoVegas' central organisation and proprietary technical platform, and thereby benefits from the Group's aggregate strengths in the form of its game offering, payment solutions, marketing and compliance as well as other experience and economies of scale. The aim of the multibrand strategy combined with LeoVegas' proprietary technology is to launch more customised brands in the future and thereby complement and diversify the brand portfolio.
The global live casino market is estimated to be worth approximately
EUR 5.0 bn this year, according to H2 Gambling Capital. The live casino market is in a strong phase of growth. This is because games like roulette and blackjack have a high recognition factor from land-based casinos as more and more gaming is moving online at the same time that product innovation has helped broaden the segment. The average annual growth rate (CAGR) for the live casino market has been 27% during the last ten years.
LeoVegas vision and position is "King of Casino". The global group LeoVegas Mobile Gaming Group offers games on Casino, Live Casino and Sport. The parent company LeoVegas AB (publ.) is located in
Sweden and its operations are mainly located in Malta. The company's shares are listed on Nasdaq Stockholm. www.leovegasgroup.com
Gustaf Hagman
Group CEO
+46-(0)-8-410-367-66
gustaf.hagman@leovegasgroup.com
Philip Doftvik
Director of Investor Relationsand Corporate Finance
+46-73-512-07-20
philip.doftvik@leovegasgroup.com
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https://news.cision.com/leovegas-mobile-gaming-group/r/leovegas-launches-livecasino-com,c3102821
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