Without a doubt, LeoVegas is off to a great start in 2019. Not to mention, this all comes at a time when the online casino industry is breaking old records and setting new trends. Now that the numbers are out, one thing is certain, LeoVegas is clearly ahead of the game right now. Also, the company has been expanding its global reach in recent months. As a result, it led to several new customers signing up for a chance to take part in all the action.
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In terms of growth, LeoVegas saw a 12% increase in revenue to £74.8 Million over one quarter. Plus, the number of depositing players was up 23% from 302,014 to 370,2019. Also, new depositing customers was up 19% from 146,063 to 173,346. In addition to that, the number of returning players saw a 26% spike from 155,951 to 196,863. So as you can see, LeoVegas is up all across the board.
According to a spokesperson with the Group, “LeoVegas had an amazing start to the year. Between customer loyalty and the influx of new customers has never been better”. With that said, it makes you wonder what’s next for the company going into Q2. Well, we gathered some details from April and let us tell you, it’s just as good as the month before.
Now that we’re a month deep into Q2, it’s evident that LeoVegas is focusing on sustainability and profit growth. As the most recent report revealed, their revenue jumped 5% to £26.4 Million in just one single month. So at this point, it’s evident that LeoVegas has a game plan and they’re executing it with the utmost precision. However, we’ll have to wait until the Q2 Report comes out 14th August 2019. After that, then we’ll know if this is a real trend or not. But from the looks of it, there’s not much room for doubt. Growth is even up in the UK Casino market, which is the hardest market to grow in with all the tough regulations in place.