• LeoVegas Seeking Spain Market Entry for 2019

    17 December 2018

    Leovegas seeking spain market entry for 2019

    To really expand in today's modern era of online casinos, companies have to enter various regulated markets. This gives them access to more players, but it also puts them in a position where they have to adhere to different sets of rules determined by different regulatory bodies.

    LeoVegas is looking to answer this challenge by applying for a license to operate in Spain with a target of the first quarter of 2019 for a launch date.

    Coming Off the Heels of the Swedish License

    An important component of this story is that Sweden has recently opened up their regulated market, and LeoVegas applied and was granted a license to start operating in the country in January 2019. That puts them in a position where they are already expanding in a serious way, and adding a Spanish license on top of that would build on that momentum and give them a tremendous start to the new year.

    Importance of the Spanish Market

    A key difference between the Spanish and Swedish markets are that the Spanish one has been around since 2012 as one of the first regulated and segregated online gambling markets in Europe. Despite that, the market is projected to be a bit smaller. That's not an issue of population so much it's as it's an issue of how people choose to play. The Swedish market is worth about 1.4 billion EUR while the Spanish is worth about 1 billion EUR. However, the key issue here is that more than half of gambling in Sweden happens online while only about 11 percent of Spanish gambling goes down on the Internet. That's the source of the big difference in market value relative to population.

    What to Expect

    LeoVegas already has licenses in some very important jurisdictions. This includes the United Kingdom, Malta, Sweden, Italy, Ireland and Denmark. They would like to add Spain to that list and to get started providing games to their players in 2019, and we'll see what happens with their application. They're expected to be accepted and to have the ball running very early in the new year, and we'll be very surprised if they are declined for any reason whatsoever.

    Sources

    Press Release, LeoVegas Enter Spain During Q1 2019 news.cision.com, December 13, 2018


    Related News

    • 04 December 2018

      LeoVegas Receives License to Operate in Sweden

      Sweden has been moving along the process of awarding licenses to operate in the country, and LeoVegas has become one of the first names to receive one. We think that's a pretty cool thing for Swedish players because LeoVegas is known for offering a great product and awesome service, so it's no surprise that they were one of the first choices from the Swedish Gambling Authority. When This License Takes Effect

      Read full article
    • 13 November 2018

      LeoVegas Player Wins €7.83 Million on Joker Millions

      One of the most popular games by Yggdrasil Gaming is Joker Millions, and it's generally considered to be their most popular progressive slot. LeoVegas Casino offers this title as well, and they were recently the location of one of the biggest jackpot winners this year as a result. Details on This Big Win The progressive payout for the most recent winner at LeoVegas Casino was for €7.83 million, and it came on Yggdrasil's Joker Millions slot.

      Read full article
    • 02 July 2018

      LeoVegas Wins EGR M&I Brand of the Year Award

      LeoVegas Casino is a site that virtually all players and industry professionals have heard of, and one of the reasons for that is that they do such a great job in what they offer and in how they take care of their players. The group that runs this site has recently been recognized for this work in a major way thanks to taking down the Brand of the Year honors in this year's EGR M&I awards. What Makes the Brand of the Year

      Read full article