LeoVegas has submitted its application to obtain a licence for casino and sports betting in Sweden.
This is in line with LeoVegas' expansion strategy and is one of the steps towards achieving the financial targets for the year 2020, which are to reach at least €600m in revenue and EBITDA of at least €100m.
"While it has been known for some time that Sweden is introducing a local licence system, it is very exciting to formally submit an application and is something we have been looking forward to for a long time," said Gustaf Hagman, Group CEO. "Sweden's becoming a locally regulated market is a milestone for Sweden, the industry and LeoVegas.
"Now, for the first time, everyone can compete on equal terms in a regulated environment, where responsible gaming is a very important part. We believe we have great opportunities to continue gaining market shares in the Swedish market. LeoVegas is a company that operates on several regulated markets and thus has the right tools and knowledge to create sustainable and strong growth."
