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Online Casino e coronavirus 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. Online Casino 9 million (5 million) despite recording a comparable 2% boost in local currencies. Reef Casino Zoo 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. Live Roulette Offers Cmjk 9 million ( million) off of a margin of 13. 4% even as the number of depositing customers increased by 26% to 438,691. Free Spins No Deposit Win Real Money Canada Udqm Extensive portfolio:LeoVegas AB is responsible for a plethora of iGaming sites including RoyalPanda. Online Casino

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uk and recently made its GoGoCasino. com and LiveCasino. 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. Play River Slots Sofj bet enterprise to 85% while paying out some €500,000 (0,400) to optimize and streamline its operations. Online Casino Online Casino 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 Llive european roulette onlineeoVegas AB, 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 noted that the majority of those seeking help are playing with unlicensed operators. The problem is big and is shaking the foundations of the entire Swedish licencing system. Quick and strong measures are now needed by Swedish politicians and authorities to ensure a well-functioning Swedish gaming market. ”Recent recovery:LeoVegas AB went on to announce that it is expecting to see approximately €1. 5 million (. 7 million) in cost savings next year as a result of its earlier optimization efforts and posted preliminary net revenues for October that were 27% higher year-on-year at around €33 million (. Online Casino Online Casino 9 million).

The firm pronounced that it is additionally ‘looking forward with confidence’ to expanding its operations in Germany and recently re-launched its RoyalPanda. com domain into Finland while bringing a bingo service to its LeoVegas. com site. The governors of Germany’s 16 states have reportedly signed off on proposed legislation that has been dlive european roulette onlineesigned to inaugurate a new nationwide regulatory framework for lottery, sportsbetting, gaming hall and iGaming establishments. Online Casino According to a Monday report from iGamingBusiness. com, the leaders gave their collective consent to the proposed New State Treaty on Gambling (GluNeuRStV) late last week during a remote meeting chaired from Berlin after approving a draft of the measure in March. The source detailed that the officials will now attempt to get the proposition ratified by the legislatures of at least 13 German states so as to be able to embark on implementation from the first day of July. Essential endorsement:The proposed GluNeuRStV would reportedly legalize iGaming across Germany and require licensed operators to implement a wide range of operational and player protection measures such as a maximum single stake slot limit of €1 (. Online Casino

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