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Tag: LeoVegas

  • LeoVegas, first in the gaming industry to offer open banking

    LeoVegas, first in the gaming industry to offer open banking

    LeoVegas will be first out in the gaming industry to allow open banking transactions under PSD2 via the company’s proprietary technical platform.

    This will result in more secure and faster payments for customers directly from their own bank accounts as well as lower transaction costs and a reduced dependence on other payment service providers for LeoVegas.

    The UK is the first market in which LeoVegas has already launched payments via open banking.

    Customer data from the initial weeks show that 10% of all new customers already are choosing to initiate their payments via open banking.

    The solution will be successively rolled out across several of the company’s core markets in Europe.

    What is PSD2

    PSD2 stands for the EU’s Second Payment Services Directive, which aims to develop the market for electronic payments and thereby create better conditions for secure and effective payments.

    Open banking is one aspect of PSD2 and entails that actors open up and share information with each other.

  • LeoVegas revenues increased by 17% from April 1 to June 30

    LeoVegas revenues increased by 17% from April 1 to June 30

    LeoVegas revenues increased by 17% to EUR 110.7 m (94.4). Organic growth in local currencies was 19% and EBITDA was EUR 23.0 million (15.1), corresponding to an EBITDA margin of 20.8% (16.0%) and a growth of 53 %.

    The number of depositing customers was 434,453 (350,298), an increase of 24%.

    Earnings per share were EUR 0.14 (0.08) before and after dilution, while adjusted earnings per share were EUR 0.19 (0.11).

    LeoVegas completed the migration of 12 brands in the UK to the group’s proprietary technical platform. The LiveCasino.com brand was launched in a number of English-speaking countries.

    Preliminary revenue in July amounted to EUR 30.7 m (29.3), representing growth of 5%. The temporary restrictions introduced in Sweden starting on 2 July have had a negative impact on revenue.

    The number of depositing customers increased by 34% in July compared with the same period a year ago, to a new record level for a single month.

    GoGoCasino was launched in Finland. An international rollout of the brand is now continuing.
    LeoVegas has increased its ownership in the e-sports betting operator Pixel.bet to 85%, from 51% previously.