The gaming firm LeoVegas has announced they are publicly trading on the Nasdaq First North Premier exchange in Stockholm, Sweden.
LeoVegas was a relative late comer to the online casino market, but rode the wave on mobile gaming whilst its competitors were adjusting their websites. Since their launch in 2012 LeoVegas has aggressively targeted legal gaming markets such as Sweden, UK and Germany. Their strong brand and broad coverage on TV has enabled them to grab a large stake of the online casino business.
Commenting on the Nasdaq listing LeoVegas Founders Robin Ramm-Ericson and Gustaf Hagman said, “The market for mobile gaming entertainment is still in its infancy. We want LeoVegas to lead the way in into the mobile future. We strive to spearhead technology innovation and the mobile gaming experience, and see a solid growth potential for many years to come. LeoVegas is the best in mobile, and mobile is the future.”
LeoVegas look set to expand further using the investment raised from their new listing. The capital generated is likely to continue in their pursuit of an even larger portion of this profitable market.