LeoVegas AB eyes Spanish market entry

After receiving iGaming licenses for its home market from the Swedish Gambling Authority late last month and notable internet casino operator, LeoVegas AB, has announced the filing of applications that could see it allowed to offer its services to players in Spain.

Expanding licensed authorities:

The Stockholm-based company used an official Thursday press release to detail it hopes to start in Spain through the first quarter of 2019 and add the nation of a 46 million individuals to its listing of accredited authorities that also encompasses the United Kingdom, Italy, Denmark, Malta and Ireland.

First-quarter hopes:

Gustaf Hagman (pictured), Chief Executive Officer for LeoVegas, clarified that Spain has worked a local regulatory system because 2012 and his company is expecting to be granted permission to bring a selection of mobile-friendly online casino and sportsbetting services to the country.

Hagman’s statement read…

“We are taking another step on our worldwide expansion travel and apply for our very first license in a Spanish-speaking country, Spain. Spain is among the fastest growing markets in Europe. Through our technology and expertise, we can effectively adapt our business to controlled markets irrespective of regulations and language. Thus, we expect to start in Spain in the first quarter of 2019. ”

Lucrative iGaming marketplace:

LeoVegas is responsible for its domain names at LeoVegas.com and RoyalPanda.com and stated the Spanish iGaming economy grew by over 30% year-on-year during the latest third quarter. It moreover proclaimed the local sector is anticipated to be worth approximately $1.13 billion in 2019, which contrasts with the $1.58 billion being predicted for Sweden.