The Swedish gambling organisation LeoVegas has acquired the total value of the deal $ 1.8 million. The betting site invites users to wager on the outcome of online and live eSports competitions. Among the disciplines presented on the resource is League of Legends, Dota 2, Counter-Strike: Global Offensive, Overwatch and other games. The site is aimed at esports fans from Sweden and other Scandinavian countries.
The service is created with an eye to using it from mobile devices. The resource owners have repeatedly announced their plans to enter other markets. Each operator, opening a new or developing an existing online gambling project, first of all, asks exactly this question: what markets to target? Where is online gambling freely permitted, and where is the licensing procedure required? A good example of a trusted establishment with good protection is BetChan login and feel safe as it is managed by a legit organization N1 Interactive Ltd that has a license.
What Result of the Agreement Is Awaited?
Commenting on the conclusion of the agreement, LeoVegas CEO Gustav Hagman noted that investments in the rapidly growing segment of eSports will allow the company to better navigate the industry of modern interactive entertainment. At the same time, Hagman stressed that he does not expect the deal to have a tangible impact on the growth of LeoVegas’ profits in the near future.
Robin Ramm-Erickson, Managing Director of LeoVentures Venture Fund and Founder of LeoVegas Mobile Gaming Group, noted that entering the esports market is of strategic importance for the company:
“With strong technology and best practices in the mobile environment, our service is perfect for LeoVegas. Together, we will strive to provide users with a unique, completely new experience in esports betting.”
CEO Eric Christiansen also commended the two companies joining forces, saying he sees LeoVentures as a partner and investor who shares the service’s passion for modern technology. LeoVegas is one of the fastest-growing gambling companies in Europe and owns online casinos and betting sites.
- The company was founded in 2012 by Gustav Hagman and has licenses for gambling in most European countries.
- In August 2018, the company filed a new casino licensing application in Sweden.
- It has launched the UK-focused sports betting site and announced plans to enter the US market.
We recently witnessed how Macau eclipsed Las Vegas and became the city with the highest income generated from the gambling industry. Even though casinos in Macau and some other regions of Southeast Asia started their business illegally, new players accepted most of the establishments with enthusiasm.
Because the internet has improved in some regions, the content has become more convenient for mobile devices. As well as the players have access to cool bonuses, free spins and the option not to make deposits. In 2021 we can see the growth of the online gaming industry in Southeast Asia. This trend is expected to continue to grow in the near future.