Stockholm-listed operating LeoVegas has signed its first betting partnership in Germany through a deal with 2. Bundesliga club VfL Bochum 1848.

LeoVegas Sport will replace Cashpoint’s as official betting partner of the second division club for the next two years.

“We look forward to the partnership with LeoVegas Sport in the coming years,” said VfL Bochum sales and marketing director Christoph Wortmann. “At the same time, we would also like to thank for the cooperation last year.”

LeoVegas DACH country manager Hardy Eberle commented: “We are proud to accompany such an established club as VfL Bochum over the next two seasons. We look forward to actively supporting the association in its development.”

Shares in LeoVegas AB (STO:LEO) were trading down 5 per cent at SEK32.68 per share in Stockholm Monday morning.