LeoVegas in Denmark Likely Reason for Revenue Increase
Posted: May 5, 2017
Updated: January 28, 2021
LeoVegas in Denmark is likely the reason for their recent revenue gains, according to multiple reports.
The world-famous LeoVegas Casino is having a good year so far. Danish gambling news reports that their revenue is up nearly 49% from last year, 3% of which can be directly attributed to their expansion into Denmark. Their earnings before taxes and depreciation are said to be €6 million in the first quarter of the year, compared to a loss of €1.3 million from the same quarter last year.
According to LeoVegas, their mobile deposits have accounted for 67% of all deposits this year, an increase from 61% last year.
Gustaf Hagman, CEO and founder of LeoVegas commented on the gains made from LeoVegas in Denmark by stating “During the quarter, we worked intensively on presenting LeoVegas as a company to investors and the stock market – both in Sweden and abroad – in an effort to spread knowledge about LeoVegas, our vision and our goals. This has elevated interest in LeoVegas as an investment, and we hope our continuing work with this will generate even greater interest.”
What does LeoVegas in Denmark offer?
Over the past several years, LeoVegas Casino has become one of the most popular online casino sites in Europe. They offer their members a massive list of internet casino gambling options including online slots and table games.
LeoVegas is also known for offering some of the best online casino promotions in the world. From free vacation giveaways to massive cash prizes, this amazing online casino website has it all.
By all accounts, LeoVegas in Denmark has been a smashing success. It seems likely that they will continue their international expansion over the next several years, and it wouldn’t be surprising to see some other online casinos in the EU make the move to Denmark as well.