Sweden Investigating LeoVegas Insider Trading Allegations

This story was published more than 2 years ago.

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.

Related casinos

CasinoJurisdictionRatingPlay
LeoVegas CasinoDenmark, Malta, Sweden

About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.
2 replies • Last post

Comments

usbarbadosslim93
Forum AngelForum Angel
barbadosslim93's picture
Location: Michigan
Joined: 28 Jan 2011
Posts: 15282
Thanks given: 852
Thanks received: 2159
7 June 2022 - 5:51pm
#1

Uh oh, looks like someone wanted a little extra cheddar before MGM got ahold of LeoVegas... Wonder what will come of this.

lvblck
Forum AngelForum Angel
Location: The North
Joined: 6 Apr 2016
Posts: 3897
Thanks given: 344
Thanks received: 1140
7 June 2022 - 7:44pm
#2

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.