LeoVegas swedish gaming license extended to five years
On January 1 this year, Sweden introduced a licensing system with the possibility for gaming companies to obtain a license for up to five years.
LeoVegas was among the first to have its licence approved, however, only for a two-year licence. The decision to grant a two-year gaming license has now been reconsidered with the result that LeoVegas gaming license is extended to five years.
“It feels great and right that we got our license extended to five years. Following our efforts within compliance and experience from other regulated markets, the decision from the Administrative Court is an affirmation that we conduct a professional and responsible operation, comments Gustaf Hagman, Group CEO. The extended license gives us confidence in the Swedish licensing system and the Swedish market where we continue to take market shares. We see that several smaller players have already left the Swedish market and at the same time marketing has declined since the turn of the year”, Says Gustaf Hagman, Group CEO.