Mobile casino specialists LeoVegas say they hope to join Spain’s regulated online casino and sports betting market early in 2019.
On Thursday, LeoVegas CEO Gustaf Hagman announced that his company had submitted its application for online casino and sports betting licenses to Spain’s Dirección General de Ordenación del Juego (DGOJ) regulatory body, and expected to launch its Spanish-licensed operations “in the first quarter of 2019.”
Hagman celebrated LeoVegas’ ability to “effectively adopt our business to regulated markets regardless of language and regulations, but also noted that the Spanish language was used by roughly 470m individuals around the globe, and thus LeoVegas’ imminent launch in Spain was the “first step to accommodate several Spanish-speaking countries.”
LeoVegas was recently awarded a new Swedish online license to go with its licenses in Denmark, Ireland, Italy, Malta and the UK. The company recently warned investors that increased compliance costs in its regulated market operations were having “an adverse effect on growth,” which sent the company’s shares into a nosedive.