Stockholm-listed online gaming operator LeoVegas has posted strong organic growth for the 2016 year as revenue climbed 70 per cent to a record €141.4m, with the company building up an M&A war chest of €55m to capitalise on the “great opportunities” in the industry.

LeoVegas CEO and co-founder Gustaf Hagman said that the record performance meant that the company was heading towards its long-term target of generating €300m in revenue by 2018.

"Our two new gaming categories, LeoVegas Sport and LeoVegas Live Casino, have continued their strong development," he said. 

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