One of the largest mobile casino operators in Europe, LeoVegas adaptation to new circumstances, is included in its recent gaming activities. These changes result from the current coronavirus pandemic as the corporation has publicly released its quarterly report—the third-quarter report highlighting a record large customer base and a strong start to quarter four.
LeoVegas Adaptation to New Circumstances
Although the gambling industry struggles from the worldwide pandemic, LeoVegas’ adaptation to new circumstances increased revenue. From July through September 2020, unlike other online casinos, LeoVegas experienced more than a twenty-five percent boost in deposits.
The firm also felt the impacts of the ongoing Covid-19 pandemic; it could still launch two new operator brands in Finland. These are GoGoCasino and Livecasino.com. Additionally, it has international plans underway for both websites where players can best play online casino games.
The pandemic has also hit the company in Sweden due to the new temporary restrictions in July. But the owners of Pixel.bet manage to increase from fifty percent to eighty-five percent with their betting odds.
There have many positive to take from the third quarter as part of the business continually adapting to new measures and circumstances.
New Releases from the Company
Its operator brand, Royal Panda, was also launched in Finland on its proprietary technology platform. It is along with a brand-new bingo vertical online and mobile. Aside from that, LeoVegas already implements new changes to ensure that regulations in Germany are met. In that way, the brand can trade in the German gaming market.
Furthermore, LeoVegas has undergone several efficiency improvements to ensure the corporation remails profitable. Besides, it is a resilient and diverse company, and revenue base as it could adapt to external circumstances.
LeoVegas Performance in the iGaming Market
LeoVegas has shown its ability to quickly adapt to new, external circumstances relating to a continuing pandemic and constant regulatory changes in the various markets. During the third quarter, the firm maintains a high pace of innovation and investment. At the same time, it leads to strengthening its long-term position and growth prospects.