LeoVegas Aims to Achieve Over $8M in Annual Revenue by 2020

LeoVegas

LeoVegas is a GameTech company from Sweden that concentrates on mobile gaming. The company’s success is mainly because of its focus on technology and product, as well as on data-driven marketing. The financial aim of the company by 2020 is to achieve more than $800 million in revenue per year. According to LeoVegas, the target amount was decided by the board of directors after considering its latest acquisition and the organic growth of the company.

Other Financial Aims

Apart from its $800 million aim, LeoVegas has other financial goals. These goals include at least €100 million (more than $120 million) in posted earnings, and that is before tax, interest, amortization, and depreciation.

LeoVegas also seeks to achieve organic business growth that is long-term and able to surpass the online gaming market. Additionally, the company aims for an EBITDA margin that is long-term and that does not go below 15 percent – that is assuming, of course, the revenue will come entirely from regulated markets on which gambling tax applies — and to give its shareholders their part of no less than 50 percent of the net profit.

Growth and Profitability

LeoVegas CasinoGustaf Hagman, LeoVegas Mobile Gaming Group’s chief executive, said, “Following our acquisitions, we have now drawn up new financial targets. In 2015, we set the target to achieve €300m in revenue by 2018.

“The new revenue target entails a doubling to at least €600m by 2020 and does not include potential major acquisitions.

“At the same time, we are aiming for EBITDA of €100m, which implies adjusted earnings per share of SEK8 by 2020. The new targets confirm our continued focus on strong growth combined with a sound view of profitability. The targets create transparency regarding where we are headed, both internally and externally.”

The 2017 financial results of LeoVegas are intended were to be released May 2.

Sealing the Deal With World of Sportsbetting

LeoVegas sports betting licenseOne of LeoVegas’ most recent acquisitions is World of Sportsbetting Ltd. The deal, worth more than $3 million, will give LeoVegas the chance to operate in Germany through a casino license and sports-betting license in Schleswig-Holstein. The company’s sports-betting license application in Hesse has also been approved. This approved application will allow LeoVegas to promote sports betting across all areas of Germany.

A spokesperson for the company said, “The licenses give LeoVegas greater credibility in the German market and enable access to payment solutions that are important in Germany.

“This is in line with the company’s strategy to expand and gives LeoVegas the best possible conditions to further accelerate in Germany.”

Additionally, according to LeoVegas, Lothar Matthäus, the captain of the 1990 World Cup champion team – will be LeoVegas Sport’s brand ambassador.

Agreement with Ports Group

LeoVegas mobile gamblingRecently, LeoVegas also partnered with Ports Group, a company that specializes in the monitoring and protection of domain names and trademarks.

LeoVegas has chosen Ports Group to be its partner in terms of a specialized domain name as the firm seeks to safekeep its different platforms.

Mattias Bergehead, LeoVegas’ SEO head, said, “We wanted a first-class solution for our growing domain portfolio, which includes everything from trademark and domain protection, to customized hosting solutions.”

“Ports Group provides us with efficient corporate domain management that allows us to centralize and monitor against infringements plus any potential security risks.”

Patrik Lindahl, head of Ports Group’s professional services, “We are very pleased that LeoVegas, one of Europe’s fastest growing and most innovative digital companies, chose Ports Group as their partner for protecting their business-critical digital assets.

“The needs of LeoVegas fit perfectly into our full-service solution with secure, strategic and active management as well proactive protection of digital assets.”

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Jean Carter is from Oakland, California and studied jewelry design at the Fashion Institute of Design and Merchandising in San Francisco, California. After graduation, and pining for a warmer climate, Jean relocated to the Tule Springs suburb of Las Vegas, where she owns and operates her own online jewelry boutique incorporating traditional native American styles with her own unique designs. A true fan of the sophistication and glamor of Las Vegas casino life, Jean is also a freelance blogger specializing in all things suave and fashionable surrounding the casino lifestyle.