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OnlineCasinoIndustry

LeoVegas goes live with GoGoCasino in Finland

LeoVegas has extended its reach in Finland after launching GoGoCasino in the Finnish market.

LeoVegas

The launch is part of LeoVegas’ international rollout of the online casino brand, after introducing GoGoCasino to the Swedish market in March 2019.

The operator says the brand, which was created to combine casino functions with user friendliness, will soon be established in more markets.

Gustaf Hagman, LeoVegas CEO, said: “GoGoCasino is the first new brand to be launched on our proprietary multibrand platform, and it is exciting to see that our customers appreciate the product and experience.

“The fact that GoGoCasino has done so well in the regulated market in Sweden shows our ability to use our proprietary technology to create new, appreciated brands with economies of scale and synergies across the group.

“Finland is the first new market for GoGoCasino outside Sweden, and I am looking forward to scaling up the brand internationally.”

Hagman described a “neutral to slightly negative impact" from the COVID-19 pandemic, after the operator generated Q1 2020 revenue of €89.4m ($96.5m), a rise of 4% year-on-year.

LeoVegas reported an EBITDA increase of 25%, to €9m, with an EBITDA margin of 10%, up from 8.3%.


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