Alongside the announcement of its acquisition of Royal Panda earlier this morning, Stockholm-listed operator LeoVegas has reported a 40 per cent increase in revenue to €55.6m for the third quarter of 2017.

Organic growth was 33 per cent, with regulated markets accounting for 25 per cent of the Q3 total, up from 13 per cent a year ago.

This figure will increase following LeoVegas' acquisition of rival operator Royal Panda - announced earlier today in a potential €120m deal - with half of Royal Panda's Q3 revenue generated in the UK.

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