Exciting news for online gaming enthusiasts as LeoVegas, one of the leading online casino operators, has just received a gaming license from the German Federal States’ Joint Gambling Authority (GGL). With this license, the operator can offer a wide range of virtual slot machines in all sixteen German states, marking a significant milestone for the company in one of Europe’s largest iGaming markets.
German Market Critical for LeoVegas’ Growth Amid Recent Setbacks
LeoVegas Group, the parent company, has faced some challenges, particularly in the closure of the Dutch and German markets, which significantly impacted their revenue growth. However, with the German market in their portfolio, they can expect to increase their market share and profitability.
The company will launch its leading brand, LeoVegas, for slots and casino games in Germany, alongside Expekt, which will offer casino games and sports betting opportunities in the Dutch market. However, the situation in the Netherlands remains uncertain, as the company has yet to receive any good news from the Dutch KSA regarding a license application.
Flutter and LeoVegas Face Challenges in Dutch Market While Eyeing Return
LeoVegas is not alone in facing challenges in the Dutch market, as iGaming giant Flutter is also missing out on significant revenue from the country. Nevertheless, the company managed to grow its revenue by 27% in 2022, thanks to expansion in the US and the purchase of the Italian iGaming company Sisal. Flutter Group’s future in the Netherlands remains unknown, but we can expect the famous brand PokerStars to return to the Dutch market, given its popularity among Dutch players.
LeoVegas’ gaming license approval in Germany is excellent news for the operator and its shareholders. With its strong brand recognition, LeoVegas can now expand its reach in Europe’s largest iGaming market and capture a larger market share.
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