LeoVegas reported record revenue

LeoVegas reported record revenue

Swedish online casino operator LeoVegas has reported its first half of the year 2020. According to the financial report, the company’s revenue for the two quarters was 200.2 million euros, up 10.8% from the same time last year.

After deducting minor expenses and 1.1 million euros of tax, the operator’s six-month profit was 17.2 million euros. This exceeds the figure for the first half of 2019 by 132.4%.

“I am very pleased with how LeoVegas has handled the tense situation related to the COVID-19 coronavirus. In these challenging times, we have been able to run our business without noticeable disruption,” said LeoVegas CEO Gustav Hagman.

“Our industry is experiencing a strong shift from offline to online. Through effective management, partnerships with respected brands and our own technical platform, we are in a strong position in an increasingly digital world,” he continued.

Note that land-based gambling establishments, in turn, are experiencing serious financial difficulties. For example, the new company Caesars Entertainment Inc. formed by the merger of Eldorado Resorts and Caesars Entertainment announced a loss of over a billion dollars for the first half of 2020.

Sarah Richardson

Hi! My name is Sarah Richardson and I am a gambling analyst, I do analytics and forecasting from more than 10 years, I write interesting articles and express my opinion in gambling and betting directions. As well as reviews of different games. As well as application testing, sports forecasts and much more. Read my blog. I share my tips, observations and thoughts.