Swedish Rules Hurt LeoVegas Earnings As German Impact Looms

  • CEO claims Swedish channelisation may be just 50 percent
  • Executives avoid stating impact of German restrictions

Regulation in Sweden has curbed LeoVegas' third-quarter earnings and executives sidestepped analysts' questions on how tightening German regulations will affect profit.

Earnings before interest, tax, depreciation and amortisation fell 6.3 percent in the third quarter to €11.9m and revenue rose only 0.8 percent to €88.9m, the Stockholm-listed company said on Thursday.

To continue reading please log in or request a demo to speak to a member of the team.

Request a Trial

Click here to request a trial