Thanks to high profitability in the fourth quarter of 2016, Swedish online gaming company LeoVegas had a record year in terms of financial success, and so far, there has been no indication that this year will be any different.
In a recent press release, the company updated its shareholders on its financial status, claiming that its net gaming revenue reached €14.1 million in January. This has fueled the company with confidence for the times ahead. The firm’s vision is to offer the greatest gaming experience to its players and to become the number one in mobile gaming. LeoVegas is planning to release the full first-quarter financial report on May 3rd.
One of the hottest trends in the gaming industry at the moment is live online casino games. The reason why these are so popular is that the players are not dealing with a digital random number generator (or RNG for short). Instead, the action is played out in front of the players through a webcam that streams live action in a real casino, which not only offers a realistic experience but also kindles trust in the legitimacy of the results. This setup also gives them a way to socialize with other players, and provides greater enjoyment generally.
Check out my review of Leo Vegas
The company decided to capitalize on the popularity of live online casino games though Authentic Gaming, an independent company that is part of the LeoVegas Group. Authentic Gaming was launched last fall through several different operators. Earlier this year, it expanded by adding new brands such as Unibet.
Authentic Gaming has also managed to hit the news in the recent times. Last month, for example, the company offered Live Roulette straight from the exhibition floor of the iCE, one of the international gaming industry's most well-known conventions.