Genting Buys LeoVegas’ Live Casino Business for €15 Million

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November 4, 2019

LeoVegas has recently entered into an agreement to sell its live casino arm to behemoth gambling operator Genting for a whopping €15 million. Authentic Gaming, the B2B live casino business of LeoVegas, is reportedly set to earn its previous owner a return of over 100 percent. This is very impressive especially considering how profitable the business has been – for the three months leading up to June 30, the business generated close to €1 million. For the past three years, the live casino business has been operating as an independent division of LeoVegas. Its operations were funded by LeoVentures, the… Read More