LeoVegas Shifts Focus on Sustainability after Annual Results 2019

LeoVegas Shifts Focus on Sustainability after Annual Results 2019

Staff Writer
April 10, 2020
977

Globally acclaimed online gambling operator LeoVegas has released its annual report for 2019.

A Good Starting Point

According to the report, the previous year was loaded with external challenges in various forms. Some of them included wider requirements for compliance and higher gambling taxes. On top of it all, Sweden became a locally regulated gambling market.

Simultaneously, LeoVegas achieved record-high sales and EBITDA. Additionally, the brand focused on sustainability and better efficiency. It also made progress through more innovation.

Gustaf Hagman, group CEO said,

“That we continue to focus and invest in sustainability goes without saying for LeoVegas. Our goals in this area point to a clear direction in what we aim to achieve.”

More Growth on the Way

The previous year’s results show a great foundation for the plans for 2020. The company is looking to achieve success in creating a profitable business. It’ll do so through “transparent, clear and correct” activities.

In the meantime, there has been an addition in the Board as well. Mathias Hallberg, an Uppsala University professor of experimental addiction science, joined the board. With his inclusion in the business, LeoVegas hopes to further strengthen the experience in responsible gaming.

CEO Gustaf Hagman also added,

“With our work in sustainability, LeoVegas is advocating for a sustainable gaming industry, responsible gaming and positive development of the society.”

The news comes after LeoVegas migrated 12 brands onto its proprietary platform. The Rocket X deal is bound to make a big difference in the way the company deals with its brands.

This switch took place because LeoVegas is looking to cut down on costs group-wide. Additionally, it aims to generate €3.7 million of annual savings. To do so, the company needed 21.co.uk, Bet UK, Pink Casino and others to enter the innovative technology framework.

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