LeoVegas Group’s chief product and technology officer and deputy CEO, Mattias Wedar, has become the online gaming operator’s new CEO, with Gustaf Hagman stepping down after 14 years.
Hagman said now is the “right strategic time” to move on after the company’s recent journey, which involved its acquisition by MGM Resorts International in 2022.
Since then, LeoVegas’ tech stack has supported BetMGM’s European expansion into markets such as the UK and Sweden, alongside the LeoVegas Group’s other gaming brands such as nya expekt.
LeoVegas Group also acquired igaming supplier Push Gaming and struck a deal to acquire Tipico’s US sportsbook operations in 2024 under Hagman’s leadership.
“With a strong team, great commitment and a fantastic corporate culture, we found the right course and succeeded in becoming one of the leading international players – it’s truly impressive,” said Hagman.
“As part of the MGM family, LeoVegas Group is now stronger than ever, and this is the right strategic time to pass the baton to Mattias Wedar. Mattias has been an invaluable asset from day one, and I am convinced he is the right person to take the group to new heights.
“After 14 years of constant travel and always being connected, I now look forward to a period of relaxation and more free time – but I will always be part of Team Leo and continue to follow the success closely.”
Wedar, who has been at LeoVegas Group since 2019, said: “I am honoured to have been entrusted with the challenge of becoming CEO in LeoVegas Group’s new chapter, and I look forward to continuing to lead us toward new milestones.”
