Stockholm-listed gaming operator LeoVegas has strengthened its group management team with the appointment of Avshalom Lazar as chief compliance and legal officer.

Lazar will begin his new Malta-based role next April, joining the company from Central European betting operator Fortuna Group, where he has served as group head of legal and compliance for the past two years.

Prior to Fortuna, Lazar spent seven years at London-listed operator 888 Holdings in roles including head of regulatory affairs, group compliance officer, and business development manager.

“For LeoVegas it is of utmost importance to be at the forefront when it comes to compliance,” said LeoVegas Group chief executive Gustaf Hagman. “Guidelines and requirements must be implemented at the same time as we keep our focus on the customer and their gaming experience.

“Managing compliance effectively is a competitive advantage for operators and it contributes to long term sustainable growth. In view of development of the industry, I am very pleased that we managed to recruit Avshalom. He is an experienced senior executive with a proven track record in the gambling industry.”

Lazar said of his new role: "I’m delighted to join LeoVegas. The gambling regulatory and compliance environment is undergoing significant changes in the last few years, posing challenges, but equally so opportunities for leading operators in the industry.

“I’m confident that together with LeoVegas management we would strengthen the company’s strategy even further while ensuring we act responsibly with growth in focus.”

Shares in LeoVegas AB (STO:LEO) were trading down 1.41 per cent at SEK36.32 per share in Stockholm Wednesday morning.