This week it was revealed that Sweden's Economic Crime Authority is investigating alleged insider trading that occurred within online betting operator LeoVegas' shareholders.
The group visited LeoVegas' Stockholm offices today and is looking into what it considers to be suspected insider trading. LeoVegas said that they're cooperating with the investigation and that none of the company's employees, management, or board members have been made aware of the allegations.
The investigation comes a month after American betting group MGM Resorts announced that they're going to be paying $607 million USD for the company, a value of $6.16 per share (a 44% premium).
LeoVegas has referred all questions related to the investigation must go through the Economic Crime Authority.
Casino Listings News is following this story and will update readers as developments arise.
Uh oh, looks like someone wanted a little extra cheddar before MGM got ahold of LeoVegas... Wonder what will come of this.
I'm very curious to see what the end result will be for the investigation, as it's a serious allegation and the repercussions could be serious.