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LeoVegas shares slump despite record profit in second quarter

1st August 2018 8:24 am GMT

Stockholm-listed gaming operator LeoVegas has reported a 76 per cent increase in net gaming revenue to €87.4m for the second quarter of 2018, helping the company generate record profit during the period.

LeoVegas chief executive Gustaf Hagman said that the second quarter saw the company focus on sustainability and technology, with organic growth in the period amounting to 27 per cent.

"The second quarter was one of LeoVegas' most intense quarters ever," Hagman commented. "We not only launched a new sports [...]

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