PayPal switch-off has “20-30%” hit on LeoVegas Germany revenues

Operator says market revenues are growing again from a lower base after “one-time hit”

The switch-off of PayPal for online casino companies in Germany cost LeoVegas “20-30%” of its revenues from the market, the operator revealed yesterday. PayPal was initially put under pressure to stop facilitating online casino payments in Q2 and complied in Q3, with an impact of €1m-€1.5m a month for LeoVegas, equivalent to “20-30%” of German…

Germany | Gustaf Hagman | LeoVegas | PayPal | Regulation