Strategy

Analysis: Can LeoVegas turn its luck around in the UK?

Operator pledges to return to growth in coming quarters and expects regulatory strains to benefit in the long-term, but analysts think otherwise

LeoVegas’ Q3 results shed light on a struggling UK business as organic revenue for the UK slipped 32% on increased regulatory pressures. The firm’s share price also plummeted more than 20% yesterday and has remained at the new low. However, group CEO Gustaf Hagman was quick to downplay the severity of the poor performance, highlighting…

Gustaf Hagman | LeoVegas | Strategy

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