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LeoVegas AB Q4: Quarterly report 1 October–31 December 2021
“Strong end to the year with many growth initiatives” – Gustaf Hagman, Group CEO
FOURTH QUARTER 2021: 1 OCTOBER – 31 DECEMBER
- Revenue amounted to EUR 98.2 m (98.4). Revenues were unchanged compared with the same period last year. Excluding Germany and the Netherlands, revenues increased by 26%.
- Organic growth in local currencies was -4%.
- Net Gaming Revenue (NGR) from regulated markets and markets in which the company pays local gaming taxes was 74% (67) of total NGR.
- EBITDA was EUR 11.6 m (11.5), corresponding to an EBITDA margin of 11.8% (11.7).
- The number of depositing customers was 456,063 (461,983), a decrease of 1%.
- Adjusted earnings per share were EUR 0.07 (0.08).
EVENTS DURING THE QUARTER
- LeoVegas repurchased shares for EUR 2.1 m and distributed the third quarter dividend (EUR 3.9 m).
- Following policy changes in the Netherlands, LeoVegas decided to stop providing its services in the country as from 30 September 2021. As such, the company had no revenue from the Netherlands in the fourth quarter (compared with 6% of the Group’s total revenue during the third quarter). The company will apply for a licence during the first quarter.
- LeoVegas was granted renewed gaming licences by the Danish Gambling Authority.
EVENTS AFTER THE END OF THE QUARTER
- Preliminary revenue in January amounted to EUR 35.5 m (32.5), corresponding to growth of 9%. Excluding Germany and the Netherlands, revenue increased by 24%.
- The Board of Directors proposes an increased dividend of 5 percent to SEK 1.68 per share (1.60), to be distributed on four occasions over the course of the next 12 months.
- LeoVegas applied for a gaming licence for the Canadian province of Ontario.
- The establishment in New Jersey in the US is proceeding according to plan and the recruitment of a local team has begun.
- In January, LeoVegas distributed the fourth dividend (EUR 3.8 m) of a total of four to the Parent Company’s shareholders.
COMMENT FROM GUSTAF HAGMAN – GROUP CEO
FOURTH QUARTER
I am proud of how we concluded 2021 and how we offset the revenue loss related to the ongoing regulatory changes in Germany and the Netherlands. In the fourth quarter, sales were unchanged compared with the preceding year. However, excluding the two abovementioned markets, growth was some 26%, which demonstrates our strong underlying growth.
Adjusted EBITDA improved somewhat year-on-year, despite ceasing to provide our services in the Netherlands while waiting for a gaming licence, which was previously one of our most profitable markets. At the same time, we have paid more gaming taxes than ever before during the quarter. The improved profit was achieved through good cost control and higher marketing efficiency.
During the quarter and the full-year 2021, we took several important steps as a company, which we expect to drive growth for many years to come. We increased our strategic focus on sport with the acquisition of the brand Expekt. The new launch of Expekt has been a major success, with sales increasing almost fourfold since the acquisition. We are now planning to expand into more markets. We have also commenced establishing operations in the US, where the online gaming market is still in its infancy. We are seeing significant potential for a smartphone-oriented casino expert like LeoVegas in North America, where we already hold a leading position in Canada. We also invested in our own gaming studio during the year. The first games are expected to be launched shortly and over 15 titles are planned for 2022. Our own contents provide us with a more unique gaming experience, greater customer loyalty and lower costs.
We demonstrate a high ability to adapt and continue to drive innovation even when faced with turbulent times. An increasing number of European countries are becoming regulated and some 74% of our revenue is currently regulated and/or taxed. The external market environment will remain erratic and turbulent in places, but we are well-positioned to manage this. Armed with all of our ongoing growth initiatives, I feel optimistic ahead of 2022.
MARKETS
Our underlying customer activity and growth remain favourable. In general, we are growing faster than our competitors in the markets that are not affected by major external events and where equal conditions apply for all operators. A good example of this is Sweden, where we reached a new record level during the quarter. LeoVegas is currently the largest private operator in the Swedish market, something we have accomplished with strong brands, the best product and data-driven marketing. We continue to see favourable growth prospects in Sweden.
As previously mentioned, a re-regulation period is ongoing in the Netherlands and in the Canadian province of Ontario. In the Netherlands, we decided to stop providing services to gamers from 30 September 2021 pursuant to the latest regulations. At the start of 2022, we have applied for licenses in the Netherlands and Ontario we applied for a license in Ontario and will apply for a license in the Netherlands during the first quarter. Our ongoing expansion in the US, with New Jersey as the first state, is proceeding according to plan. We have commenced recruitment of a local team and completed much of the technical development as well as initiated the certification process of LeoVegas’ proprietary technical platform (PAM, Player Account Management). We also began efforts for the expansion into additional US states.
TEN YEARS
At the beginning of 2022, LeoVegas turned ten years old. The company, our product and the entire industry has developed enormously since my co-founder, Robin Ramm-Ericson, and I, started LeoVegas. Today, the industry is much more complex with more stringent requirements and tougher competition. At the same time, LeoVegas has taken tremendous strides and matured in many areas, making us stronger than ever before. We always aim to be at the forefront of customer focus, technology and data-driveness, but also continue to continually challenge ourselves to be better in all areas. I can affirm that LeoVegas with all its employees will continue to drive the industry forward with the mobile gaming experience in the spotlight. We are continually making progress as we stand on the starting line of ten more intense and exciting years!
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PopOK Gaming Launches New Slot Games: Genie Fortune and Rico Rhino
PopOK Gaming continues expanding its online slot portfolio with the release of two new titles, Genie Fortune and Rico Rhino. Both games focus on multiplier-based gameplay and engaging mechanics designed to deliver rewarding spins and dynamic bonus features for players.
The latest additions showcase PopOK Gaming’s approach to modern slot design, blending accessible gameplay structures with high win potential and exciting bonus rounds. With magical themes, free spins, and multiplier boosts, Genie Fortune and Rico Rhino bring fresh entertainment to online casino players worldwide.
Genie Fortune: Magical Multipliers and Rewarding Spins
Genie Fortune invites players into a mystical world inspired by ancient legends and magical treasures. The game revolves around multiplier-driven mechanics that can significantly increase the value of winning combinations.
One of the standout features of Genie Fortune is the random multiplier system. Multipliers can appear outside the reels during gameplay and automatically increase the value of any winning combination on that spin. This random feature creates a sense of anticipation, as players never know when their next win might be amplified.
The slot offers a top win potential exceeding 1500x the original bet, giving players the opportunity to land substantial payouts when the right combination of symbols and multipliers align.
Free Spins Feature
The game also includes a Free Spins bonus round, which awards 8 free spins once triggered. During this feature, multiple multipliers can appear on the same spin, stacking together to increase the total payout.
This stacking mechanic can dramatically boost winnings and adds an extra layer of excitement to the bonus round.
Sure Win Stake Option
Another notable feature in Genie Fortune is the Sure Win Stake option. When activated, the player’s stake increases by five times the standard bet, but it guarantees a win on every base game spin.
This optional gameplay mode introduces a different strategy for players who prefer consistent wins rather than relying purely on chance.
By combining magical visuals, unpredictable multipliers, and special betting options, Genie Fortune offers a distinctive slot experience where each spin can produce surprising outcomes.
Rico Rhino: Power Multipliers and Big Potential
The second new release, Rico Rhino, expands PopOK Gaming’s popular Rico series. The game maintains a straightforward structure while emphasizing powerful multipliers that can turn ordinary spins into rewarding results.
Throughout the gameplay, multipliers can appear randomly, increasing the value of any winning spin. This mechanic keeps the action engaging while offering players the possibility of enhanced payouts at any moment.
Free Spins With Stronger Multipliers
Like Genie Fortune, Rico Rhino also features a Free Spins round, awarding 8 free spins when triggered.
During the bonus round, the multiplier system becomes even more powerful, with multipliers reaching up to 30x. This significantly increases the potential value of winning combinations and creates opportunities for bigger payouts.
Simple Gameplay With High Excitement
Rico Rhino focuses on accessibility and simplicity. The slot’s mechanics are easy to understand, allowing players to quickly engage with the game while still enjoying the thrill of multiplier boosts.
By combining a straightforward structure with high-value multipliers, Rico Rhino delivers a balanced experience suitable for both casual players and experienced slot enthusiasts.
PopOK Gaming Expands Its Slot Portfolio
The release of Genie Fortune and Rico Rhino reflects PopOK Gaming’s continued effort to deliver diverse and engaging slot experiences.
Both titles emphasize multiplier-driven gameplay, a feature that has become increasingly popular in modern online slots. By incorporating random multipliers, free spins, and flexible betting options, the developer provides players with multiple ways to enjoy the games.
The dual launch also highlights the company’s strategy of releasing games with distinct themes and mechanics while maintaining a consistent focus on rewarding gameplay.
Genie Fortune appeals to players who enjoy mystical themes and layered multiplier features, while Rico Rhino offers a simpler but equally exciting approach centered on powerful multipliers.
A Growing Trend in Online Slots
The online casino industry has seen a growing demand for slot games that feature dynamic multipliers and engaging bonus mechanics. Players are increasingly drawn to games where a single spin can evolve into a high-value win through multiplier boosts.
Both Genie Fortune and Rico Rhino align with this trend by delivering:
- Random multiplier mechanics
- Free spins bonus rounds
- High win potential
- Easy-to-understand gameplay
These elements help create engaging gameplay sessions while keeping players entertained with unpredictable results.
Conclusion
With the launch of Genie Fortune and Rico Rhino, PopOK Gaming introduces two new slot titles that highlight the excitement of multiplier-driven gameplay.
Genie Fortune delivers a magical experience with random multipliers, stacked bonuses, and a unique Sure Win Stake feature, while Rico Rhino focuses on powerful multipliers that can reach up to 30x during free spins.
Together, the two games demonstrate PopOK Gaming’s commitment to offering innovative slot experiences that combine strong themes, rewarding mechanics, and accessible gameplay.
As online casino players continue to seek new and engaging slot titles, Genie Fortune and Rico Rhino aim to capture attention with their exciting features and the potential for rewarding spins.
- A related article about new slot game releases can be found on Gambling Insider: https://www.gamblinginsider.com/news
- Example similar content: coverage of new slot launches and iGaming product releases by industry developers.
The post PopOK Gaming Launches New Slot Games: Genie Fortune and Rico Rhino appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
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ACR POKER’S OSS XL SURPASSES $22 MILLION IN FIRST WEEK AS $5 MILLION GUARANTEED MAIN EVENTS BEGIN THIS WEEKEND
Massive tournaments headline the next phase of the $50 million guaranteed OSS XL
ACR Poker’s flagship Online Super Series (OSS) XL has already generated more than $22.3 million in prize pools during its first week, setting the stage for the series’ biggest tournaments yet as $5 million in Main Event guarantees begin this weekend.
Players can compete in three monster tournaments: two $2 million guaranteed Main Events ($2,650 and $1,050 buy-ins), and one $1 million guaranteed Main Event ($215 buy-in). Day 1A starts this Sunday, followed by Day 1B on Sunday, March 22nd and Day 2 on Monday, March 23rd.
“The OSS XL has already seen huge participation in the opening week, but Main Events are where the biggest moments happen,” said ACR Pro Chris Moneymaker. “With $5 million guaranteed in three tourneys starting this weekend, these events are always among the most exciting in the series.”
Running through Monday, March 23rd, the OSS XL features more than $50 million in guarantees and tournaments for players of all bankroll levels, with buy-ins starting from just $0.55.
One of the early highlights from the series so far was the first guaranteed edition of Phil’s Thrill XXL, which smashed its $1.5 million guarantee to generate a $2,060,000 prize pool from 206 entries, with ‘ErculePokero’ winning the title and $460,027. Adding extra excitement, ACR Pro Jon Pardy is tackling a 120-hour OSS XL grind that only ends early if he wins a tournament. The stream gives fans a behind-the-scenes look and features giveaways, on-stream challenges, and bankroll-building opportunities.
In addition to the Main Events, several multi-flight tournaments remain on the schedule. These include the $1.5 million guaranteed event ($630 buy-in), two $500,000 guaranteed Mystery Bounty events ($109 buy-ins), plus lower buy-in Mystery Bounty events with $150,000 guaranteed ($33 buy-in) and $100,000 guaranteed ($5.50 buy-in).
Players can also compete for additional prizes through ACR Poker’s OSS XL Leaderboard Contest, with $65,000 in cash and tournament tickets awarded across three tiers. The High Stakes ($104.50 buy-ins and above) will award a $15,000 top prize, while the Mid Stakes ($16.50 to $88 buy-ins) and Low Stakes (under $15 buy-ins) will award $7,500 and $4,000 for first place, respectively.
For further details on the OSS XL, visit ACRPoker.eu.
The post ACR POKER’S OSS XL SURPASSES $22 MILLION IN FIRST WEEK AS $5 MILLION GUARANTEED MAIN EVENTS BEGIN THIS WEEKEND appeared first on Americas iGaming & Sports Betting News.
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Canada’s Ontario iGaming Market in 2026: Advertising Rules, Self-Exclusion and the Next Phase of Regulation
Ontario’s regulated iGaming market has moved beyond its launch phase. In 2026, the bigger story is no longer market entry. The focus has shifted to advertising oversight, player protection, and long-term regulatory credibility.
Ontario launched its competitive iGaming framework in April 2022. Since then, it has become one of North America’s most important regulated online gambling markets. Today, the province stands out not only for its size, but also for the way it is refining rules around compliance and responsible gambling.
Ontario’s iGaming market is entering a more mature phase
The market has already reached a significant scale. According to iGaming Ontario’s 2024–25 annual report, Ontario recorded C$82.7 billion in wagers and C$2.9 billion in gaming revenue during the fiscal year. The market also counted 50 operators and more than 2.6 million active player accounts by year-end.
These figures show that Ontario is no longer an early-stage regulatory experiment. It is now a large and established online gambling market. That matters because mature markets face different questions. At this stage, success depends not only on growth but also on visibility, public trust, and consumer safeguards.
Advertising rules are becoming more important in 2026
Advertising has become one of Ontario’s most important regulatory themes. Operators must still follow AGCO’s Registrar’s Standards for Internet Gaming, which set rules on marketing, inducements, and protections for vulnerable groups.
A new layer of scrutiny now adds to that framework. From January 1, 2026, Ad Standards began accepting complaints under the Canadian Code for Advertising of Gambling. This change gives the market a more visible complaint and review structure for gambling ads.
This development matters for several reasons. It strengthens accountability. It also shows that gambling regulation in Ontario is expanding beyond licensing and market launch. Regulators and industry bodies are now paying closer attention to how operators communicate with players and the wider public.
Ontario is entering a new stage of public scrutiny
As regulated gambling grows, public attention tends to shift. Early debate usually focuses on whether the market should exist. Later, it focuses on how the market behaves. Ontario now appears to be in that second phase.
Ad Standards’ review of gambling advertising complaints from April 2022 to April 2025 reflects that shift. In the early period, many complaints challenged the overall presence of gambling ads. Later, more complaints focused on the content of specific ads. Ontario also generated the largest share of gambling advertising complaints in the most recent period covered by the report.
That change suggests a more mature public conversation. People are no longer reacting only to the existence of the market. They are paying closer attention to how the market presents itself.
Centralized self-exclusion marks a major regulatory step
Ontario is also moving forward on player protection. In December 2025, the AGCO announced standards for a centralized self-exclusion program for iGaming. iGaming Ontario has also identified this initiative as a major strategic priority.
This step matters because it moves the system beyond operator-by-operator self-exclusion. A centralized model can create a more consistent approach across the regulated market. It also shows that Ontario is trying to strengthen responsible gambling tools in practical ways, not only through policy language.
For the industry, this signals a broader shift. Ontario is no longer focused only on market growth. It is also building the infrastructure needed for long-term oversight and safer play.
Strong channelization does not end the policy debate
Ontario has performed well on channelization. According to an AGCO-commissioned Ipsos study, 86.4% of Ontario online gamblers used regulated sites in early 2024. iGaming Ontario later reported an 83.7% channelization rate for 2024–25, noting that the change remained within the survey’s margin of error.
These numbers matter because they show that the legal market is attracting users away from unregulated alternatives. That is one of the main goals of a regulated online gambling model.
Still, strong channelization does not settle every issue. Once a regulated market captures most of the activity, expectations rise. Policymakers, media, and the public begin asking harder questions about advertising pressure, player safety, and the overall tone of the market. Ontario is now entering that stage.
Why Ontario matters for the wider Gaming Americas market
Ontario remains one of the clearest case studies in North America. It shows what happens after a successful market launch. Many jurisdictions still focus on legalization, licensing, and tax structure. Ontario shows that the next challenge is maintaining legitimacy once a market becomes large, visible, and commercially successful.
That is why Ontario deserves attention in 2026. The province is no longer trying to prove that regulated iGaming can work. It is showing how a mature market handles advertising oversight, public scrutiny, and stronger player protection measures.
The next phase is about credibility
Ontario’s next chapter will likely depend on balance. The market must remain competitive and attractive to operators. At the same time, it must show that regulation can support player protection and public confidence.
That makes Ontario one of the most important gambling regulation stories in North America this year. The biggest question is no longer whether the model works. The real question is whether the model can keep its credibility as the market grows and public scrutiny increases.
The post Canada’s Ontario iGaming Market in 2026: Advertising Rules, Self-Exclusion and the Next Phase of Regulation appeared first on Americas iGaming & Sports Betting News.
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