Leo Vegas announces goals for 2019

LeoVegas report revenue growth by 41% to €78.6 million in the third quarter of 2018 and share their future plans.

During the quarter, the operator also launched the BetUK beta for sports betting and acquired 51% of pixel.bet operator.

Despite the positive numbers outlined above, LeoVegas CEO and co-founder Gustav Hagman said: “The third quarter was a difficult period for the company. Despite an increase in revenue, we had to face the difficulties associated with launching BetUK. At the same time, LeoVegas remains the most famous online casino brand in Sweden and in the upcoming year the goals we set are even more ambitious.”

Hagman stressed that Leo Vegas continues to negotiate with the UK Gambling Commission and hopes to be able entering US betting market.

LeoVegas plans to increase its revenue to € 600 million by 2020.

“This forecast is quite acceptable despite regular market problems” – analysts admitted