LeoVegas Acquires World of Sportsbetting For €2.6 Million

Casino gaming group from Stockholm, LeoVegas, which signed a content deal with Blueprint Gaming in May 2017, has purchased Maltese company, World of Sportsbetting, for €2.6 million. The acquisition represents an opportunity for Leo to enter the German market, since WoS holds a license to operate in Schleswig-Holstein, the country’s northernmost state.

The purchase is expected to be completed by the end of February, when LeoVegas International, the company’s subsidiary, concludes the transaction. Gustaf Hagman, the group’s CEO confirmed the purchase and stated that licenses provide additional credibility among players and operators. To achieve greatness in iGaming, market investments must get full effect, and this agreement will undoubtedly increase brand awareness, adds Hagman.

Further expansion demands certain changes in regards to payment solutions, which are extremely important for the German players. However, by integrating more products and options into a regulated gaming market, the casino group will easily overcome competition and accelerate its efforts in providing the best service in ’s northernmost province. Online wagering in is prohibited, but not via foreign operators. To find out more about online casinos in it is important to stay updated on the country’s laws, as these may vary throughout the 16 states. In addition, there are more than 50 land-based gambling establishments, which provide plenty of opportunities for gamers in larger cities.

Since its founding in 2012, LeoVegas has been a major contributor to gambling, thanks to its cutting-edge solutions and humongous collections of casino games. The company has won several awards in 2016 and 2017, including ‘Mobile Operator of the Year’, ‘Best Innovation in Mobile and Tablet’ and more. The group’s list of partners counts more than 40 top industry providers and it offers a 24-hour live casino in HD.