LeoVegas AB: Authentic Gaming is granted licence and enters into agreement with the UK's largest casino
August 28 2018 - 2:00AM
LeoVegas' subsidiary Authentic Gaming has entered
into an agreement with the Aspers Group in the UK, under which
Authentic Gaming will provide roulette games via live streaming
from Aspers' prestigious casino - the Aspers Casino Westfield
Stratford City in London.
This partnership was formed shortly after
Authentic Gaming was granted a B2B-licence from the UK Gambling
Commission, which gives the company the right the offer its product
to operators active in the UK market. Authentic Gaming's existing
customers consist of several leading operators, about half which
have an operating licence in the UK.
"We are proud of this partnership
with Aspers, which will allow Authentic Gaming to make its roulette
tables available in the UK and other regulated markets in
Europe," comments Jonas Delin, CEO of Authentic Gaming.
The B2B-license means that we can finally offer
our UK product to our existing customers, but also expand our
network with new operators as we expect to see greater interest in
our product. It is amazing that we now enter Europe's largest live
casino market!
Gustaf Hagman, LeoVegas' Group CEO, comments:
"Authentic Gaming continues to deliver on its
growth strategy and has entered into yet another strategically
important agreement. At the end of last year the company signed an
agreement with the gigantic Foxwood Resort Casino in the USA, and
this is now being complemented with the UK's largest
casino."
Authentic Gaming's live casino product has been
launched to date on some 115 sites via some 20 operators. Authentic
Gaming has licences in Italy, Romania, Denmark and the UK. Read
more about Authentic Gaming here:
http://www.authenticgaming.com.
While Authentic Gaming is showing favourable
development, its performance is not expected to have a material
impact on the LeoVegas Group's growth and earnings in the near
term.
For
further information, please contact:
Gustaf Hagman, Group CEO and co-founder:
+46-(0)8-410 367 66, gustaf.hagman@leovegas.com
Philip Doftvik, Head of Investor Relations and Corporate Finance:
+46-(0)73-512 07 20, philip.doftvik@leovegas.com
About the LeoVegas mobile gaming
group
LeoVegas' passion is "Leading the way into the
mobile future". LeoVegas is Sweden's premier GameTech company
and is at the forefront of using state-of-the-art technology for
mobile gaming. In 2017 the company passed the threshold for being
classified as a unicorn, i.e., a start-up valued at more than USD 1
billion. A large part of this success can be credited to an extreme
product and technology focus coupled with effective and data-driven
marketing. Technology development is conducted in Sweden, while
operations are based in Malta. LeoVegas offers casino, live casino
and sports betting, and operates two global and scalable brands -
LeoVegas and Royal Panda - as well as a local, multibrand operator
collectively referred to as Rocket X. The company's shares are
listed on Nasdaq Stockholm. For more about LeoVegas, visit
www.leovegasgroup.com.
Authentic is granted licence,
partner up with the UK’s largest casino
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: LeoVegas AB via Globenewswire
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