LeoVegas has become the latest operator to move into bigger premises in Stockholm as it looks to expand its technology and product divisions.

The move to Luntmakargatan in central Stockholm has seen the operator more than triple the size of its Swedish headquarters.

"As an early Christmas gift to all amazing employees, we today move into a 'top of the line office' full of energy,” said LeoVegas Group CEO Gustaf Hagman. “LeoVegas is today an attractive employer who continuously attracts top talent. Our strong corporate culture and growth journey continues.”

LeoVegas now has close to 4,000 square meters of office space in Sweden, which will enable the continued recruitment of the technology sector's most innovative developers within mobile gaming, the company said.

The move enables LeoVegas to house 300-350 developers in Sweden compared to today's total of approximately 120.

Last week rival operator Mr Green confirmed plans to move to new headquarters early next year at Stockholm’s Epicenter, a new digital hub being developed by AMF Fastigheter on Mäster Samuelsgatan.

Another operator, Kindred Group, also recently signed a lease agreement to expand into the new Urban Escape project on Regeringsgatan in Stockholm. With 250 staff currently in the city, the operator plans to double this over the coming years, with closing of the deal expected in spring 2019.

These moves are being driven by the re-regulation of the Swedish gambling market, which is expected to be completed in 2019.

Shares in LeoVegas AB (STO:LEO) were trading up 1.45 per cent at SEK87.50 per share in Stockholm early Monday.


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