LeoVegas acquires casino brand Royal Panda

Operator purchases UK-facing brand for €60m with an additional €60m earn-out dependent on hitting financial targets

LeoVegas AB has acquired online casino brand Royal Panda for €60m as the Stockholm-listed looks to ramp up its presence in the UK online gaming market. An additional earn-out payment of €60m will be paid to Royal Panda depending on whether the firm hits its financial target of €50m in NGR in the next 12 months. The…

LeoVegas | M&A | Royal Panda