Stockholm Nasdaq-listed LeoVegas Group has announced they will be entering the Irish gaming market after being granted a Remote Operator License for sports betting by Ireland’s regulatory gambling body, the Irish Revenue Commissioner on Friday, February 10, 2017.
Already operating a mobile casino in Ireland, LeoVegas will now be able to expand its offering with a sports betting service. It is planning a relaunch of its betting services within the regulated market in the first quarter of 2017 and this will be handled by the existing resources and current organisation of LeoVegas.
LeoVegas has said it plans to become a leading brand within the competitive regulated Irish gaming market, increasing its profile with the relaunch of its extended and more attractive mobile gaming services. LeoVegas, with its award-winning mobile casino, is working towards becoming a complete mobile gaming experience and this is the first step towards achieving this expansion.
With this market clearance, LeoVegas now holds gaming licenses in a number of regulated markets, including the UK, Denmark, Malta and Ireland. Its operations are based in Malta with technical development being conducted in Sweden.
“LeoVegas continues to grow in regulated markets,” stated Gustaf Hagman, Group chief executive and LeoVegas co-founder. “The fact that we have in a short time been granted licenses in two regulated markets shows that we are delivering in accordance with our expansion strategy. But, it also shows that we have high capacity and quality in our organisation and in the work we do. I am convinced that our market-leading sport product will contribute to strong growth in Ireland.”
The regulated Irish gaming market was estimated to be worth around £880 million in 2016 by H2 Gambling Capital, making this a significant new market for the company to enter.
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