Latest News
LeoVegas AB Q4: Year-end report 2020
“Yet another record year for LeoVegas with a strong close” – Gustaf Hagman, Group CEO
fourth quarter 2020: 1 october–31 december
- Revenue increased by 13% to EUR 98.4 m (87.1). Organic growth in local currencies was 14%.
- Adjusted EBITDA was EUR 11.5 m (9.2), corresponding to an adjusted EBITDA margin of 11.7% (10.6%). Reported EBITDA includes EUR -3.5 m (5.3) in items affecting comparability.
- The number of depositing customers was 461,983 (372,032), an increase of 24%.
- Adjusted earnings per share were EUR 0.08 (0.06).
Events during the quarter
- LeoVegas was the first company in the gaming industry to offer payments via Open Banking.
- During the quarter the Group’s unique and record-large jackpot was launched under the name LeoJackPot.
- LeoVegas secured long-term and diversified financing through a combination of a bank credit facility (RCF of EUR 40 m) and a bond issue of SEK 500 m under a total framework of SEK 800 m.
- During the quarter, LeoVegas repurchased its own shares for approximately EUR 5 million.
- Ahead of the forthcoming regulation in Germany, a number of changes were implemented. This led to lower revenue during the quarter, with the greatest effect during the month of December.
- LeoVegas has changed its interpretation of the calculation of gaming taxes in Denmark for earlier periods. This resulted in a self-correction, and a one-off cost of EUR 3.5 m has been charged against EBITDA.
- Decision has been taken to migrate the Royal Panda brand to the Group’s proprietary technical platform.
Events after the end of the quarter
- Preliminary revenue in January amounted to EUR 32.5 m (29.9), representing growth of 9%.
- The Board of Directors proposes a raised dividend totalling SEK 1.60 per share (1.40), an increase of 14%, to be paid out on four occasions during the year.
COMMENT FROM GUSTAF HAGMAN – GROUP CEO
STRONG CLOSE TO 2020
LeoVegas concluded the record year 2020 with its strongest fourth quarter ever. And we did this despite frequent changes to the gaming requirements in our markets in addition to finding ourselves in the midst of a global pandemic. I am proud of our ability to quickly adapt to changed conditions through a high capacity for innovation at the same time as we are building an increasingly solid and diversified business. It is a demonstration of strength that LeoVegas delivered adjusted EBITDA growth of 25% for the full year while the operating cash flow increased almost 90 %. This was achieved despite maintaining a high investment pace with launches of new brands, new markets and product improvements.
During the fourth quarter we increased our revenue organically by 14%. Growth was mainly driven by a continued rise in depositing customers, which grew 24% to a new record level. Adjusted EBITDA increased by 25% during the quarter to EUR 11.5 m. Reported EBITDA was charged with a one-off provision of EUR 3.5 m related to a changed interpretation of the calculation of gaming taxes in Denmark for earlier periods.
MarkETS
With the exceptions of Sweden and the UK, our core markets showed high double-digit growth during the quarter. Above all I want to highlight Italy, which has now become one of our five biggest markets. During the quarter we launched the Pink Casino brand in Canada. The launch is part of our multibrand strategy, where we are utilising existing resources and our technical platform to expand through scale.
In the German market, LeoVegas has implemented a number of changes ahead of the forthcoming licence system in July 2021. As expected, this affected revenue during the period. Operators in the market are acting differently with respect to the new restrictions, and at present necessary clarity is lacking in the ongoing transitional period, which unfortunately has led to a skewed competitive situation until the licence system has been fully implemented.
TECHNOLOGY AND PRODUCTS
During the quarter we carried out and launched several major projects and innovations. In particular I want to highlight our new exclusive jackpot – LeoJackpot – where our customers can win over SEK 50 m directly from their smartphones. We were also first in the industry to offer payments via Open Banking. This will benefit LeoVegas and our customers in many ways, including through more secure and faster payments and lower transaction costs.
During the quarter we began the migration of Royal Panda to our joint technical platform. As a result, in 2021 all brands will be operated on the same platform. The migration will lead to cost synergies such as lower platform and product costs and a more efficient organisation. The decision has also resulted in impairment of intangible assets attributable to Royal Panda’s platform, which was charged against EBIT in the amount of EUR 1.9 m.
FINANCING AND INVESTMENTS
At the end of the year we secured the Group’s long-term financing needs through the combination of a renewed bank credit facility of EUR 40 m and a newly issued corporate bond of SEK 500 m.
Stable financing combined with a strong balance sheet gives us a solid base for continued expansion, both through organic initiatives and potential acquisitions. During the fourth quarter we carried out share repurchases for approximately EUR 5 m. In addition, the Board of Directors proposes an increase in the dividend to SEK 1.60 per share.
COMMENTS ON FOURTH QUARTER
Revenue for the month of January amounted to EUR 32.5 m (29.9), corresponding to annual growth of 9%. In January revenue was fully impacted by the changes carried out in Germany ahead of the forthcoming regulation.
On the tailwinds of a strong 2020 we are now looking forward to a year with many exciting growth initiatives and an even stronger customer offering.
Powered by WPeMatico
AI Cricket
BETBAZAR Is Becoming B1(Be One)
The evolution continues. CEO Alex Iaroshenko reveals about the biggest transformation in the company’s history — why Betbazar became B1, the rise of AI-driven products — and what that means for the future of the industry.
- 1.Let’s start with the main question – after 7 years as Betbazar, what made you decide it was time for a bigger change?
These changes didn’t happen overnight. For the first few years, we were helping operators find the right products on the market. But over time, we started understanding the market on a much deeper level – what operators actually struggle with, what technology they really need and where the industry is heading next.
AI Cricket creation and the growth of our Sports Data Feed became a big turning point for us. That’s when it became clear: we’re no longer just a marketplace. We’re becoming a product company. That was the moment we realized we were no longer just distributing products — we were building the future direction of the company ourselves.
And with that evolution came the understanding that the company needed a new identity that truly reflected where we were heading next.
- 2.How did the idea of AI Cricket even appear in the first place?
It actually started from a product perspective. We saw that operators needed sports content that was faster to launch, easier to scale, more cost-efficient, and less dependent on large trading teams. At the same time, they wanted something visually different from traditional virtual products — modern futuristic graphics, AI-powered avatars and gameplay that feels much closer to real sport: live, unscripted and autonomous.
That’s how AI Cricket appeared. Fast-paced gameplay, continuous engagement, AI-driven results, live betting and branded customization — built for modern operators and for the way audiences consume entertainment today.
- 3.In a market where most operators already have access to sports data, how does B1 Sports Data Feed create additional value?
The sports data market is very mature, and we understand that data itself has become something of a commodity. Operators already have access to feeds and most of them are unhappy about what they have — what really matters today is quality, flexibility, coverage, and reliability.
Our approach is to combine a proven, industry-trusted data source with additional models, unique events, and tailored market coverage. This allows us to deliver a highly customizable solution that adapts to different operator needs and scales, while maintaining the performance and reliability the market expects at the highest level.
- 4.Was it emotionally difficult to say goodbye to the Betbazar name?
Honestly, it doesn’t feel like saying goodbye. It feels more like the beginning of a new chapter. We didn’t change the name simply because we wanted something different — the company evolved, and the brand needed to reflect that evolution.
At the same time, Betbazar remains an important part of our story. We’re not abandoning it. As we continue building our own products and ecosystem, there may well be a place for Betbazar in the future. So rather than an ending, we see this as a new beginning — both for B1 and potentially for Betbazar in a different role down the road.
- 5.Why did you choose the name “B1 (Be One)”?
Because it reflects exactly what the company became. We didn’t want a name that simply sounds modern or trendy. We wanted something that captures our positioning and mindset.
‘Be One’ means being the one the operator chooses from among many options. Not because of the biggest catalog, but because of the products, technology, and reliability behind it.
For us, B1 is really about focus: creating innovative products that boost profits, and doing it deeper, faster, and with a higher standard. This idea formed the basis of the entire rebranding.
- 6.What are the core principles behind B1 today?
The market is already full of loud messaging and endless catalogs. We focus on building technology that solves real operator challenges. That means reliable products, fast integration, regular content updates, and infrastructure that helps operators move quickly without adding unnecessary complexity.
Speed is a big part of our mindset. Whether it’s launching new content or integrating new products, we believe operators should be able to go live in days, not months. To support that, we’ve developed our own AI-powered integration tool that significantly streamlines the onboarding process. With an AI-friendly technical team on the operator side, integration can take – two days.
- 7.Do you think AI will completely reshape the industry over the next few years?
I don’t think AI is something the industry will face someday — it’s already here. But what we’re seeing today is only the first stage.
Over the next few years, I believe we’ll see entirely new AI-powered leagues and competitions emerge, potentially featuring digital athletes and AI-generated sports experiences that exist alongside traditional sports. They will be faster, available 24/7 and designed around continuous engagement. In many ways, AI won’t just improve existing products — it will create entirely new forms of sports entertainment. AI Cricket was our first step in that direction, and we’re already working on what comes next.
ABOUT B1 (BE ONE):
B1 (Be One) is a product-focused iGaming company, shaping AI-driven content and real-time sports data infrastructure.
Website: https://b1.global/ai-cricket
LinkedIn: https://www.linkedin.com/company/b1global/?viewAsMember=true
The post BETBAZAR Is Becoming B1(Be One) appeared first on Americas iGaming & Sports Betting News.
argenpress.info
argenpress.info Releases World Cup Report on Argentina’s Online Gambling Market
Berlin, Germany, June 30th, 2026
New research highlights player safety challenges during football’s biggest betting event
Argenpress.info has released new research examining how the 2026 FIFA World Cup is reshaping online gambling activity in Argentina, with the report warning that tournament-driven player growth is placing greater importance on operator transparency, fast payouts and consumer education.
The report, authored by Argentine gambling analyst Rogelio Lugoni, analyses how major sporting events attract thousands of first-time bettors and why this creates new challenges for both operators and regulators.
“The World Cup always brings a surge of new players into the market,” said Lugoni. “Many are placing their first online bet, which makes trust, transparency and clear licensing more important than ever.”
Tournament Betting Creates New Challenges
According to the report, Argentina’s online gambling market continues to expand rapidly, but major sporting events expose weaknesses in player awareness and operator transparency.
The research concludes that first-time users are significantly more likely to register with unfamiliar operators during major tournaments, increasing the importance of clear licensing information and reliable payment processes.
Among the report’s key findings are:
- Increased first-time player registrations during major tournaments
- Greater importance of fast and transparent withdrawals
- Higher demand for trusted operator information
- Growing need for player education around licensing
- Increased focus on consumer protection
Player Trust Extends Beyond Bonuses
While promotional offers remain a key acquisition tool during the World Cup, the report argues that long-term retention depends on the overall player experience.
According to Lugoni, delayed withdrawals, unclear verification procedures and poor customer support remain among the most common reasons players lose confidence in an operator.
“Players remember how quickly they receive their winnings far more than the size of the welcome bonus,” Lugoni explained. “Trust is earned through consistency and transparency.”
Research Based on Independent Operator Testing
The report forms part of argenpress.info’s ongoing market research programme covering Argentina’s online gambling sector.
Unlike traditional market commentary, each operator reviewed by the platform undergoes practical testing, including registration, deposits, gameplay, verification procedures and withdrawal requests before any recommendation is published.
As Argentina’s online gambling market continues to develop, argenpress.info says it will continue publishing research focused on player behaviour, regulation and operator standards.
About argenpress.info
Argenpress.info is an independent Argentine gambling information platform founded by Rogelio Lugoni. The platform publishes market research, operator reviews and educational content covering online casinos, sportsbooks and gambling regulation, helping players make informed decisions through independent testing and analysis.
Contact
iGaming.com Group
The post argenpress.info Releases World Cup Report on Argentina’s Online Gambling Market appeared first on Americas iGaming & Sports Betting News.
Acquisitions/Merger
Visualize Group agrees to acquire iGaming testing firm eCOGRA
The Visualize Group has agreed to acquire eCOGRA, a gaming testing, inspection, certification and compliance (TICC) provider, from Hanover Investors Management LLP, the private investment firm said in a Business Wire announcement from New York and London.
eCOGRA, founded in 2003 and headquartered in London, provides compliance and certification services for iGaming customers and works with gaming software suppliers, platform operators and online gaming regulators in more than 50 jurisdictions worldwide. The company will continue under its existing leadership, with Chief Executive Officer (“CEO”) Will Shuckburgh remaining in his role.
Visualize said eCOGRA is its second investment in the gaming TICC sector following its earlier closing of BMM Testlabs (“BMM”) this year. The firm said BMM and eCOGRA have complementary strengths, with BMM spanning a broader testing and certification spectrum and eCOGRA focused on the digital gaming segment. Visualize added that each company will continue to operate as an independently accredited business.
Will Shuckburgh, CEO of eCOGRA, said, “For more than two decades, eCOGRA’s mission has been to ensure that players can trust the games they play and that operators can meet the highest standards of compliance. As regulated gaming expands into new markets around the world, the demand for fast, rigorous, and reliable certification has never been greater. Partnering with Visualize gives us the resources to serve our customers better — to invest in our people, our technology, and our capacity — while continuing to operate with the independence and integrity that our accreditation partners and customers expect.”
C. C. Melvin Ike, Founder and Managing Partner of Visualize, said, “As high-conviction thematic investors, we back exceptional businesses and management teams providing mission-critical services in growing markets, and we build deep expertise in the sectors to which we commit. Building on our experience in regulated gaming, the independent testing and certification that both eCOGRA and BMM provide is fundamental to protecting players and sustaining the trust of regulators, and the two businesses bring distinct capabilities across online and land-based gaming. With eCOGRA, our intention is straightforward: to build eCOGRA into a generational business that can deliver faster, more responsive, and more innovative service to a fast-growing market that needs more high-quality service. We’re thrilled to partner with Will and the entire eCOGRA team.”
Financial terms were not disclosed. The transaction is subject to customary regulatory approvals and clearances. Weil, Gotshal & Manges LLP and Greenberg Traurig acted as legal advisors for Visualize, while Macquarie Capital served as financial advisor for Hanover and eCOGRA, with Willkie Farr & Gallagher LLP as their legal advisor.
The post Visualize Group agrees to acquire iGaming testing firm eCOGRA appeared first on Americas iGaming & Sports Betting News.
-
Compliance Updates7 days agoDutch Gambling Trade Association Sues Meta Over Illegal Gambling Ads
-
Amusnet7 days agoAmusnet Strengthens its Position Among Bulgaria’s Leading Employers in ICAP CRIF Ranking
-
Asia6 days agoPhilWeb Secures ₱2.02 Billion Strategic Investment from Lance Y. Gokongwei to Accelerate AI-Driven Technology Expansion
-
adtech7 days agoPropellerAds says Social Traffic lifts game registrations 34.5% in Nigeria test
-
Africa6 days agoBGaming signs PlaylogiQ distribution deal to grow Africa reach
-
3 Oaks Gaming6 days ago3 Oaks Gaming releases Joker Glitz x1000 slot with stacked multipliers
-
Canada6 days agoGaming Corps goes live with OLG iCasino in Ontario
-
BGaming6 days agoLatAm: Beyond Brazil – Chile, Uruguay and Peru’s Regulatory Trajectories



