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LeoVegas AB is a Swedish mobile gaming company and provider of online casino and sports betting services such as table games, video slots, progressive jackpots, video poker and live betting to a number of international markets. LeoVegas Gaming Ltd. is a subsidiary of MGM resorts international.[2]
Corporate history [ edit ]
Leovegas was founded in 2011 by Gustaf Hagman (CEO) and Robin Ramm-Ericson (Chairman of the Board & Managing Director).[3]
LeoVegas experienced rapid growth due to the overriding increase in smartphone use and the "mobile first"[4] mentality of its founders. Hagman stated that the company "was born out of the smartphone, which today is the fastest-growing channel for entertainment." As a result, the company has over 700 employees working for the provider.[5]
The initial stock market offering of the company took place on 17 March 2024.[6] Financial advisers in the transaction were Carnegie Investment Bank and SEB, as Joint Global Coordinators and Book-runners.[7] The legal advisers were Baker McKenzie, while Avanza Bank AB was appointed as LeoVegas' certified adviser. At the time of the initial listing, the company´s stock was heavily oversubscribed.[8]
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