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Swedish iGaming operator LeoVegas AB has released its financial results for the third quarter and blamed the relatively static outcome on the coronavirplanet 7 casino review 2019us pandemic and the recent influx of unlicensed online casino operators into its home market. Online Casino Online Casino The Stockholm-headquartered firm used an official press release to detail that its aggregated third-quarter net revenues rose by just 1% year-on-year to €88. 9 million (5 million) despite recording a comparable 2% boost in local currencies. Online Casino The operator moreover explained that its earnings before interest, tax, depreciation and amortization for the three months to the end of September declined by almost 6. 3% to €11. 9 million ( million) off of a margin of 13. 4% even as the number of depositing customers increased by 26% to 438,691.

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Detrimental factors:Despite all of these efforts, the operator proclaimed that its bottom line for the three-month period had been negatively impacted ‘by the temporary restrictions’ introduced to help Sweden stop the spread of the coronavirus pandemic. Gustaf Hagman, Chief Executive Officer for LeoVegas AB,planet 7 casino review 2019 declared that his firm had furthermore suffered at the hands of ‘a troubling development in which the unlicensed market continues to grow unhindered’. Emu Casino Bonus Codes July 2022 Nuvp Read a statement from Hagman…“A growing number of operators without licences are actively targeting Swedish players including those who have been barred by the Spelpaus self-exclusion tool. This has been confirmed by, among others, several organizations that provide help to people with a gambling problem. Online Casino These organisations have not g provided to domains run by ComeOn Group for use Online Casino