Swedish Mobile Gaming Firm Says Coronavirus Very Unpredictable As It Shifts Focus

Swedish Mobile Gaming Firm Says Coronavirus Very Unpredictable As It Shifts Focus

Sweden – A mobile gaming firm and provider of online casino and sports betting services; LeoVegas, has today spoke out about the impact of coronavirus and the measures it is taking as a corporation.

The company is not overlooking the disease as conditions are changing on a daily basis and impacting major sporting events around the world.

Therefore, senior management and executives at the LeoVegas Group, which operates a number of gaming brands including;  Royal Panda, Pink Casino, Bet UK, 21.co.uk and Slot Boss, have chose to take action against the potential effects on staff and revenue.

Chief executive officer Gustaf Hagman commented on the situation:

“The health of our employees and their families is of absolute top importance, and with the measures we have taken, we are exercising our responsibility as an employer.”

Hagman expanded on the firm’s expectations and change in focus:

“We are closely monitoring the situation and continue to be well prepared for the unique situation that has arisen. Of course it is sad to see many sporting events cancelled along with the festivities surrounding them. This is expected to lead to lower revenue for LeoVegas in the sports betting segment, but given our strong position in casino, we can mitigate this effect to some extent by shifting the focus even more to our casino product.”

LeoVegas, which was among the first to receive a gambling licence in Sweden, offers casino, live casino and sport gaming, and operates two global and scalable brands – LeoVegas and Royal Panda and a local multibrand business in the UK market called Rocket X.

According to reports, LeoVegas is closely monitoring the events surrounding the virus and will be following authority recommendations in each of the jurisdictions it operates in.

The company is implementing a work from home policy for staff, a ban on certain types of travel both to and from work and putting the health of its employees and their families at top importance.

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