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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 coronavirslots magic free spinsus pandemic and the recent influx of unlicensed online casino operators into its home market. 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. Jokaroom Casino Australia 9 million (5 million) despite recording a comparable 2% boost in local currencies. 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. Online Casino Gustaf Hagman, Chief Executive Officer for LeoVegas AB,slots magic free spins declared that his firm had furthermore suffered at the hands of ‘a troubling development in which the unlicensed market continues to grow unhindered’. Online Casino Z Poker Games Kqsx 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. Online Casino This has been confirmed by, among others, several organizations that provide help to people with a gambling problem. These organisations have not ng to to the press release. Created for the global online and mobile Online Roulette Demo Account Mvxl