Key Developments at Leo Vegas

Introduction

• Speaker: Gustav Hagman, CEO of Leo Vegas
• Interviewer: Tim Poole, Editor of Gambling Insider

Major Milestones and Achievements

1. Leo Vegas' 10th Anniversary

• A significant milestone for the company and founders (Gustav Hagman and Robin).

2. Expansion and Innovation

• New Brands and Markets: Introduction of new brands and entry into new markets.
• Tech Hubs: Opened two new tech hubs in Poland and Spain.
• Leadership: Brought new leaders into the management team.

3. Acquisition by MGM Resorts

• Leo Vegas is now part of the MGM Resorts family, one of the world's largest entertainment companies.

Impact of MGM Acquisition

1. Continuity and Change

• Customer Promise: Continued focus on creating the world's greatest iGaming experience.
• Enhanced Capabilities: Strong backing from MGM allows for quicker actions and bigger ambitions.

2. Investment and Growth

• Increased investment in teams and platform.
• Exciting developments and future plans.

Push Gaming Acquisition

1. Strategic Fit

• Push Gaming adds significant value as an innovative game content studio.
• Enables building of own games and continuation of B2B model.

2. Future Potential

• Opportunity to create games with MGM's IP rights.
• Push Gaming to operate independently within the MGM and Leo Vegas family.

UK Market Launch

1. BetMGM International Launch

• Combination of Leo Vegas technology and MGM heritage and IP rights.
• Aims to disrupt the established UK market with innovative offerings.

2. Future Expansion Plans

• First step in wider international expansion.
• Potential for further market entries and growth.

Long-Term Goals

1. Priorities

• Focus on product development and innovation.
• Continued investment in platform and team growth with MGM support.

2. US Market Considerations

• Current focus on international growth outside the USA.
• Part of MGM's digital strategy to expand internationally.

Entrepreneurial Spirit and Future Projects

1. Innovation and Stability

• Leo Vegas maintains an entrepreneurial mindset while benefiting from MGM's stability.
• Growth in new markets and innovative product development.

2. Future Goals and Priorities

• Rollout of BetMGM and new market entries for Leo Vegas.
• Exciting developments planned for the remainder of the year and into 2024.

Conclusion

• Leo Vegas remains committed to growth and innovation with the support of MGM Resorts.
• The future holds exciting opportunities in product development, market expansions, and new ventures.