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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 coronavirpoker game 99us 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. 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. Online Casino 3% to €11. 9 million ( million) off of a margin of 13. Online Casino 4% even as the number of depositing customers increased by 26% to 438,691.

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uk and 21. Online Casino Online Casino co. uk and recently made its GoGoCasino. Online Casino Online Casino com and LiveCasino. Online Casino Casino Roulette In Kenya Lxtu com domains available to online casino aficionados in neighboring Finland. The Swedish firm moreover revealed that the third quarter saw it boost its ownership in the Pixel. bet enterprise to 85% while paying out some €500,000 (0,400) to optimize and streamline its operations.

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,poker game 99 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 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. These organisations have not e coronavirus pandemic and the recent influx of unlicensed online casino operators into its home market.