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LeoVegas AB Q4: Year-end report 2020

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“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.

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QTech Games rolls out more innovative Air Dice content

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Emerging-markets leader broadens its premier portfolio with exciting more games across bingo, instant-win, dice and table games

QTech Games, the leading game aggregator for all emerging markets, has signed its latest supplier partnership with global B2B iGaming content developer and provider Air Dice, enabling its platform customers to access the supplier’s expansive slots catalogue.

These popular titles include Alchemy Archive, Diamond Sky, Coco Cash, Coins Of The Divine, and Piggy Shifter. All these games are recognised for their player-retention features and sticky mechanics, and draw from Air Dice’s deeper well bingo, scratch, dice, slot and more traditional table-games content.

Air Dice offers a growing portfolio of games and tools, premised on three world-class slots studios (including Dice Crafter and Probability Jones), a 70+ strong team and multiple regional offices across Europe. However, this breakthrough announcement with QTech now affords the provider unprecedented international reach across more emerging markets.

As the fastest-growing aggregator over the past few years, QTech offers the most expansive gaming portfolio around, localised for each region, with native mobile apps, powerful reporting and marketing tools, and 24/7 local-language support.

QTech Games CEO, Philip Doftvik, said: “We’re dedicated to constantly launching more first-class content and product innovation that drives revenue for our partners. So, this deal with air Dice extends our impressive sequential pipeline deep in 2026 – and we’ve so much more to come! In today’s marketplace, only premium games of the highest standard separate you from the crowd, so we’re thrilled to incorporate another premium supplier.”

Erkki Nikunen, Air Dice Partner & CBDO, added: “At Air Dice, we pride ourselves on working with some of the biggest and most commercially astute businesses, and QTech Games has ensured that we maintain that good company on both fronts. They share our passion for Innovation and flexibility, and do all they can to make things work for the client in a collaborative integration process. Their platform is a gateway to global audiences, so we can’t wait to see how our highly engaging games perform across a greenfield landscape of emerging markets.”

The post QTech Games rolls out more innovative Air Dice content appeared first on European Gaming Industry News.

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Andrew Lee COO QiH Group

Safer Gambling Week 2025 – commentary from across the industry

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Safer Gambling Week runs from 17-23 November 2025 and is all about educating the public on responsible betting and gaming and how to seek help if they think they may have a problem with gambling.

SGW also runs training courses and provides educational assets to the iGaming industry and other sectors, as well as schools and charities.

https://safergamblinguk.org/

Operator perspective

Midnite

“Safer Gambling Week is an important time for our industry to unite with the aim of promoting the importance of customers utilising the support available to them to stay in control. But to paraphrase the famous Dogs Trust campaign: Safer Gambling is for life, not just for Christmas.

“At Midnite, Safer Gambling is at the foundation of everything that we do all day, every day, year-round. We want our customers to have first-class experiences and bring them closer to the games they love, but we want them to do so in a responsible, safe and enjoyable manner.

“We’re proud of the way that we help players to stay in control with the tools, advice and support we offer, and Safer Gambling week is a great time to shout about it. We empower our players to make smart moves to set limits, to gamble safely and in moderation, and we’re working hard to innovate ways to help our players stay in control.” – Thomas Fearns, Head of Safer Gambling, Midnite.

Affiliate perspective

Quantum

“Safer Gambling Week is an important week for both the iGaming industry and the general public, and it’s important to help champion it where possible.

“As a marketing affiliate and comparison site, Quantum is often the first port of call for iGaming customers – which means we have a keen responsibility to make sure that we only market to the right audience. We put our data-driven technology to work to deliver high-quality, responsible gambling traffic to our partners.

“We believe in supporting a balanced approach where gambling remains what it should be: safe, enjoyable entertainment.” – Andrew Lee, COO, QiH Group.

Legal perspective

Poppleston Allen

“As a firm whose main focus is licensing across the UK, compliance is a daily topic of discussion at Poppleston Allen’s offices. We help clients stay within the Licensing Conditions and Codes of Practice and the licensing objectives, as well as staying abreast of hot topics, upcoming government consultations and the Gambling Commission’s latest statements.

“But in addition to the work for our clients, we are also personally passionate about safer gambling – it’s vital that we raise awareness of safer gambling and signpost the professional help and support services that are available to those who need it – ensuring the millions of people who enjoy gambling responsibly continue to do so in a safe environment.” – Richard Bradley, Lead Solicitor, Poppleston Allen.

Supplier perspective

Tugi Tark

“iGaming brings fun and entertainment to millions worldwide, but for some players, it can become more than occasional enjoyment. Protecting vulnerable players is a responsibility the industry shares.

“While in-person interaction is surely a fast way to pinpoint problematic patterns, most gambling takes place online, which means that our job is to create digital solutions to digital problems. As supporting players is what drives our company, Tugi Tark has built algorithms to catch problematic behaviour and language early.

“These aren’t the rigid systems of the past, where true issues pass undetected and safe, happy players get mistakenly caught up in a wide net. Tugi Tark’s AI Agents are intuitive and flexible. They work seamlessly alongside operators’ existing safeguards and support teams to identify player risk before it escalates.

“Building safer gambling digitally benefits all of us, and we’re pleased to participate in Safer Gambling Week 2025.” – Harpo Lilja, CEO, Tugi Tark.

Payments perspective

Paysecure

“Safety and security are fundamental to any payments journey, but it is a particular focus when that transaction is between igaming operators and their players.

“Payment orchestration enables operators to create safer playing environments without adding friction to the user experience. Through intelligent customer segmentation, for example, operators can identify trends and detect when players may be overreaching or playing beyond their usual limits. This depth of data-driven insight helps keep players protected while maintaining a seamless journey, mitigating additional checks or barriers to entry.

“Furthermore, operators using Paysecure’s orchestration platform benefit from our proprietary Trust Score system designed to flag potential fraud and identify unusual behavioural patterns in real time. This intelligence empowers operators to safeguard both their players and their own operations.” – Mike Peplow, Chief Operating Officer at Paysecure.

The post Safer Gambling Week 2025 – commentary from across the industry appeared first on European Gaming Industry News.

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From $12 to $54,719: The Story of a Big Win at Betandyou!

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There are thousands of bets placed on Betandyou every single day. Some place small bets, some go big, and sometimes someone hits a win that stands out from everything else.

That’s exactly what happened this November – one of our players placed just $12 and hit a life-changing $54,719 payout!

What Happened Before the Big Win

It all started like any ordinary bet. Football filled the screens – Manchester, Barcelona, Milan, Porto.

The player with ID 6301********, a part of our community since June 2023, opened the Betandyou app and placed his usual pick. No big stake. No drama. Just a regular moment of excitement for the game.

The Four Predictions That Changed Everything

A $12 accumulator and four football matches. Most impressively, exact score predictions – something you don’t see every day and a true sign of confidence. And here’s how the night unfolded:

  • Manchester City – Bournemouth: 3–1
  • Barcelona – Elche: 3–1
  • Milan – Roma: 1–0
  • Porto – Braga: 2–1

One by one, the results started to fall into place. The first two games, perfect 3:1 calls. Then Milan held Roma to 1:0. And finally, Porto sealed it with a 2:1 win. Four matches. Four exact scores.

4560 Odds: A Moment You Can’t Predict

  • Total odds? 4560.
  • The payout? That’s $54,719!

When the final whistle blew, the numbers on the screen told a story we don’t see every day, the kind of win that makes your heart skip a beat and your hands tremble just a little before hitting “Check balance.” That’s the kind of moment every bettor dreams about, when the impossible suddenly becomes reality.

CEO Betandyou: Official Comment

“Wins like this always draw attention,” says the CEO of Betandyou. “But what excites us even more is the story behind it. Our players don’t just bet, they feel the game. They analyze, they take risks, they follow their passion. This win isn’t just luck; it’s the perfect mix of intuition, strategy, and a love for football. At Betandyou, we live for moments like these, because every big win starts with a small belief.”

More Than Just Numbers

This player has been with us for more than a year, and this time their loyalty, patience, and boldness paid off in the best possible way. It’s not really about the amount – it’s about that feeling when your choices turn into something real. When your screen lights up and you realize that yes, you just did that.

At Betandyou, that magic happens every day, sometimes quietly, sometimes spectacularly. But one thing is certain: there’s always another story waiting to be written.

So who knows? Maybe the next headline will be yours.
Stay in the game with Betandyou!

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