Online betting firm LeoVegas has published their third-quarter 2019 financial results, revealing that revenues for the period grew.
Key financial indicators for the third quarter ending September 30th, 2019 were:
LeoVegas CEO Gustaf Hagman spoke about the results, noting: "We continued to show progress during the third quarter in a difficult-to-navigate environment and generated double-digit growth in both sales and operating profit.
"Greater regulatory complexity in several of our main markets has given rise to certain short-term challenges but is also raising the barriers to succeed in the sector which benefit established companies.
"LeoVegas today has a much more even distribution of revenue across several markets and brands where half of our revenue is derived from locally regulated markets, which contributes to greater stability and lower business risk.
"Meanwhile, we continue our efforts to execute our strategy of innovation, expansion and profitability."
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