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LeoVegas agrees Authentic Gaming sale to Genting for €15m

30th October 2019 8:28 am GMT

Stockholm-listed gaming operator LeoVegas has agreed to sell its majority stake in live casino provider Authentic Gaming to casino operator Genting.

LeoVegas will sell its 80 per cent stake to Genting for €15m, with the sale price representing a return of more than 100 per cent from its acquisition of Authentic Gaming in 2015.

Authentic Gaming generated revenue of €1m during the second quarter of this year, and previously operated as a standalone company within LeoVegas' investment [...]

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