Latest News
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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Evoplay
Zeus strikes in Evoplay’s electrifying Temple of Thunder III
Evoplay, the award-winning game development studio, is unleashing the power of the gods in Temple of Thunder III, an action-packed slot where thunderous features, powerful Boosters and divine rewards combine.
Set atop Mount Olympus, the 5×3 release sees Zeus command the reels as the premium symbol, while gold crowns, divine harps and ancient treasures light up every spin.
Semi-stacked symbols and wilds create further win potential, building momentum towards the game’s feature-packed bonus rounds.
At the heart of the game is the Hold & Win bonus, triggered by landing six or more Cash, Jackpot, or Booster symbols anywhere on the reels. Once activated, Bonus symbols lock in place and players are awarded three respins, with every newly landed symbol resetting the counter.
Cash symbols award instant prizes during the feature, while five fixed Jackpots, Mini, Minor, Major, Mega, and Grand, can be collected for valuable rewards.
Booster symbols intensify the gameplay further, with Cash Boosters increasing all visible Cash values by 50%, Super Cash Boosters doubling them, and Jackpot Boosters upgrading visible Jackpot symbols to the next tier.
Players who manage to fill the entire grid with Bonus symbols during Hold & Win trigger the powerful Full Grid 2x feature, instantly doubling all collected rewards before the round concludes.
Temple of Thunder III also features a Free Spins mode, triggered by landing three or more scatter symbols. During the feature, Zeus appears more frequently, wilds become more impactful and the chances of activating the Hold & Win Bonus are significantly increased.
Additional Free Spins can also be retriggered throughout the round, extending the potential for winning combinations.
For players seeking instant access to the game’s key mechanics, the title offers a bonus-buy option, including direct entry into the Hold & Win bonus as well as 10, 12 or 15 Free Spins.
Ivan Kravchuk, CEO at Evoplay, said: “Temple of Thunder III combines some of our most engaging mechanics into one high-energy experience, blending powerful Hold & Win gameplay with dynamic Boosters, Free Spins, and a strong mythological theme.
“From escalating Jackpot upgrades to the potential of doubling rewards with the Full Grid feature, the game delivers constant excitement and plenty of opportunities for players to chase divine wins.”
The post Zeus strikes in Evoplay’s electrifying Temple of Thunder III appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
Amusnet
Amusnet to Participate in Belgrade Future Gaming 2026
Amusnet is set to make a strong impression at this year’s Belgrade Future Gaming, showcasing an ambitious and expanding portfolio across online casino, live casino, and land-based gaming solutions. After establishing itself as a leading provider in the online gaming sector, the company is now strategically accelerating its expansion in the land-based market, bringing its proven expertise, engaging content and player-focused approach to retail gaming environments.
“Amusnet has already established a leading position in Serbia’s online gaming sector, driven by a strong portfolio of high-performing games and jackpot solutions that continue to deliver excellent results and high levels of client satisfaction. Building on this success, we are now strategically expanding our presence in the land-based segment by bringing the same proven content, innovative jackpot concepts, and engaging player experiences to retail gaming environments,” said Dejan Vukosavljević, Country Director Serbia at Amusnet.
With a premium lineup of cabinets, jackpot solutions and integrated casino products, Amusnet’s participation at the exhibition reflects the company’s strategic commitment to further establishing itself also as a major force in the land-based gaming market through product quality, and immersive player experiences.
At the center of the showcase will be 20 Golden Coins: Reel Fishing which is the company’s flagship product for the event. The vibrant title combines the excitement of classic mechanics with an immersive fishing adventure theme, taking players into a visually rich underwater world filled with engaging gameplay dynamics and rewarding features. It is designed to deliver strong entertainment value through rewarding features. 20 Golden Coins: Reel Fishing reflects Amusnet’s focus on combining compelling storytelling, modern game design and broad player appeal across its gaming portfolio. The game perfectly complements the company’s strong multi-vertical showcase at Belgrade Future Gaming.
The land-based segment will be a major highlight of the company’s exhibition presence. Visitors will have the opportunity to experience Amusnet’s renowned Jackpot Cards Plus system together with an impressive hardware setup featuring the Type S, Type S55J, S32, S50F and S55J cabinets equipped with jackpot signage, as well as the premium Type S VIP 43 and Type S VIP 75 models.
Also on display will be an advanced roulette centre with four terminals, designed to deliver a dynamic and highly engaging multiplayer gaming experience. Combining sleek design, seamless functionality and enhanced player interaction, the roulette setup further demonstrates Amusnet’s focus on developing modern land-based entertainment solutions tailored to the expectations of today’s casino audiences.
Equipped with the Amusebox 3.0.0 software the slot cabinets showcase the company’s approach to modern land-based entertainment through advanced jackpot integration and engaging gameplay mechanics.
A key focus will be the Golden Coins Link jackpot system which is an exciting four-level jackpot solution combining fixed and progressive rewards, designed to operate both locally and across multiple casino locations. One of Amusebox’s strongest advantages is its ability to simultaneously run the well known Jackpot Cards Plus and Golden Coins Link on a single machine, offering operators greater flexibility and players even more opportunities for thrilling jackpot wins.
The showcase will also feature a portfolio of specially developed Golden Coins Link titles and popular Triple Boost games, delivering enhanced excitement through dynamic bonus features, multipliers and interactive gameplay experiences. The titles are 40 Power Hot Triple Boost, 40 Vampire Beast Triple Boost, 40 Extra Crown Triple Boost, Trophy Rush Triple Boost Golden Coins Link.
Alongside the land-based focus, attendees will also be able to explore Amusnet’s latest online casino and live casino releases. Featured online titles include 40 Extra Crown Buy Bonus, Roman Coins, Wild Fortune, Hot Deco Super Pot, Crazy Red, 40 Power Hot Triple Boost GCL, Gorgon’s Luck and Hot Racing, as well as the company’s Golden Coins Link and Bonus Platform solutions.
The Live Casino portfolio will introduce visitors to the compilation of virtual Roulettes series including Virtual Monaco 72x, Virtual Space 120x and Virtual Vegas 500x, alongside Golden Goal Roulette, Extra Crown Deluxe LIVE, Showtime Roulette 500x, Football Thrill, Candy Wheel, Eye of Ra Roulette 2000x and Vegas Gobbler LIVE.
Adding even more excitement to the exhibition experience, popular streamer GUH will make a special appearance at the Amusnet stand, engaging with visitors and bringing additional energy and entertainment throughout the event. Visitors at the Amusnet stand will also have the opportunity to participate in specially prepared activations and interactive experiences, with exciting prizes awaiting lucky winners throughout the exhibition.
“Belgrade Future Gaming is an important opportunity for us to showcase the strength and diversity of our product portfolio, with a particular focus on our expanding land-based offering. We are continuously investing in premium hardware solutions and innovative casino products that combine performance, reliability, and engaging player experiences. This event allows us to demonstrate our long-term commitment to the land-based sector and to further strengthen our partnerships across the region,” said Dejan Vukosavljević, Country Director Serbia at Amusnet.
The post Amusnet to Participate in Belgrade Future Gaming 2026 appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
Latest News
Pragmatic Play Releases Seotda Baccarat
Pragmatic Play, a leading content supplier to the iGaming industry, has expanded its live casino collection with the release of Seotda Baccarat, combining traditional baccarat with a Korean-inspired Seotda card game.
This distinctive baccarat variant is played using a 20-card Hwatu deck, where each card represents a month from January to October and carries a points value. The aim is to predict whether the player or banker will receive the higher-scoring two-card hand, removing the standard third card draw for a faster, more streamlined experience.
Further depth comes from three special “Bright” cards. Bright cards carry the highest value in the deck and are the focus of side bets, unlocking higher win potential compared to classic baccarat.
Steeped in culture and easy to play, with enough strategic depth for players who are already familiar with either baccarat or Seotda, this innovative live casino release is as engaging as it is eye-catching.
Seotda Baccarat further diversifies Pragmatic Play’s premium live casino portfolio, following the launch of headline game show Gates of Olympus Roulette in April.
Sharon McHugh, Director of Public Relations at Pragmatic Play, said: “Seotda Baccarat brings together two popular card games in a way that feels fresh and authentic. By combining the vibrant Hwatu deck with familiar baccarat betting mechanics, this release gives casinos a first-of-its-kind live casino experience designed to elevate their live lobbies. And, by the way, it’s pronounced soo-da!”
The post Pragmatic Play Releases Seotda Baccarat appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
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