LeoVegas acquires Italian gaming operator
LeoVegas today carried out the first acquisition in the Group's history. The acquisition of Winga.it, an Italian gaming operator with a licence in the Italian market, gives LeoVegas an established position in Italy, Europe's largest regulated market. LeoVegas is acquiring 100% of the company, which had revenue of EUR 8.0 m in 2016. The acquisition is being made for a cash consideration of EUR 6.1 m. "This is yet another milestone in LeoVegas' development," comments Gustaf Hagman, LeoVegas' Group CEO. "The acquisition of Winga.it will enable rapid expansion in Italy, as we are acquiring a