Stockholm-listed betting and gaming operator LeoVegas has acquired a 51 per cent stake in GameGrounds United, owner of the CasinoGrounds live streaming service.

LeoVegas is acquiring the stake via its LeoVentures subsidiary for an initial payment of SEK30m (approx. €3m), together with an earn-out of up to SEK15m based on revenue performance between January and June 2018.

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