October 6, 2020

LeoVegas launch first bingo offering

LeoVegas launch first bingo offering

Mobile gaming company and online casino operator LeoVegas has expanded its product portfolio by rolling out its first bingo offering.

The vertical will add to its existing product range of online casino, sports betting, and live dealer games.

 Quoting research from H2 Gaming Capital, LeoVegas explained that although the global bingo market is worth around $2.34 billion, only 23% of this is online.

The operator said that there is huge potential for digital growth in the segment.

“Today we have a broader and larger customer base than ever before, and it is growing strongly,” Gustaf Hagman, LeoVegas group chief executive, said.

“To meet the growing demand for entertaining games we are now launching Bingo, a social, simple and fun game for people in all target groups.”

LeoVegas reported in August a year-on-year revenue and net profit for the first half of 2020, as it was increased by a record performance in the second quarter. Revenue in the six months to June 30 was at $236.6 million, up by 10.8% on the previous year. Comprehensive profit, meanwhile, was also by 132.4% to $20,278.352.

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