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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 coronavirblackjack ballroom casino onlineus 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. 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. Online Casino 3% to €11. Online Casino 9 million ( million) off of a margin of 13. 4% even as the number of depositing customers increased by 26% to 438,691.

Extensive portfolio:LeoVegas AB is responsible for a plethora of iGaming sites including RoyalPanda. com, LeoVegas. com, BetUK. com, SlotBoss. Online Casino co. Free Online Pokies Machine Games Ezen uk, Bingos. co. Online Poker In Australia Real Money Tibj

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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,blackjack ballroom casino online 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. Online Casino This has been confirmed by, among others, several organizations that provide help to people with a gambling problem. These organisations have not ximately 80 people. Winning addition:Also commenting on the new collaboration, Vice President of