LeoVegas investigated by Swedish authorities

7 Jun 2022

LeoVegas investigated by Swedish authoritiesThe online bookmaker LeoVegas is "fully assisting" Swedish Economic Crime Authority after being contacted on June 7 during a preliminary investigation of suspected insider trading. 

According to the operator, no employee, management team member, or board member in the Company has been notified about any criminal suspicion, and it cannot provide any more information currently.

The probe comes almost a month after the US casino operator MGM Resorts announced that it plans to buy LeoVegas for $607m (€575m). Before the purchase, the Swedish firm cooperated with MGM Resorts for a due diligence review in connection with the offer and added that it had "taken a number of factors into account".

Some factors include but are not limited to, the Company's present strategic and financial position and its expected potential future development and related opportunities and risks. The purchase is part of MGM's strategic objective to create an online gaming business with a global reach.

LeoVegas holds licenses in eight jurisdictions focusing on Scandinavia and mainland Europe.

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LeoVegas is an established bookmaker that has been online since 2016. It has proved itself in terms of reliability by acquiring several Tier 1 licenses and partnering up with top football clubs. Even though the number of events on the website is generally low, I appreciate the overall payout. You can find dozens of special markets, and essential tools are available. I also liked the fact that it pays a lot of attention and knows how to reward loyal players through the VIP Program. This doesn’t mean there are no drawbacks. Strict regulations mean that crypto is not accepted, and the service is restricted in most countries worldwide. What’s more, navigation is difficult, especially if you are a new user. Finally, I would like to see the winning and withdrawal limits increased sooner than later. Overall, LeoVegas is a solid and trusted alternative for sports betting. Feel free to give them a try.

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