Stockholm-Listed Leo Vegas Lists OTCQX Public Shares in USD!

‘Stockholm-Listed Leo Vegas Lists OTCQX Public Shares in USD!’ (Image Source: www.leovegas.com)

In a bid to attract investment into its platform Stockholm Owned Leo Vegas Lists OTCQX Public Shares available for public purchase using US dollars!

Today Leo Vegas opened on the Nasdaq Stockholm in SEK and USD for the first time. The move has just been announced and comes as a surprise because traditionally Leo Vegas shares have only been available in SEK. For outsiders, the planned OTCQX access for US investors was not common knowledge. There were rumours that the Stockholm-listed Maltese-based operator would make public shares available to a wider market, but that is all it was at the time–hearsay!

It is significant news for the operator and players because if you wanted further legitimacy, then there you have it—one of the most trusted stock markets already listing a household brand name in the iGaming industry, now also available for US capital market investors via OTCQX.

As US investment will presumably pour in, the boost will surely see a marked rise in the company’s share value, which according to Gustaf Hagman, the group’s chief exec, 12% of shareholders are already from the US!

All Eyes Are On iGaming For US Investors

iGaming stocks in the US are currently red-hot real estate in the financial world thanks to homebred companies such as BetMGM and Caesars Entertainment Inc helping to pave the way for new online casinos. The country now has 5 states (New Jersey, Michigan, Pennsylvania, West Virginia, and Delaware) with active online casinos and soon to be 6 once Connecticut online casinos get the go-ahead.

Both Caesars and BetMGM have online casinos in most of the active states while UK iGaming companies are also a part of the return of iGaming to the US. UK London Stock Exchange-listed brands such as Flutter Entertainment, Entain, and Playtech are also popular investment destinations in the iGaming market for US shareholders. This is the perfect time for Leo Vegas to make its NASDAQ shares more globally widespread!

Popular Stock Market: The NASDAQ Stockholm is a popular marker for iGaming firms with NetEnt and Evolution also listed until Evolution acquired NetEnt leaving Leo Vegas and Evolution as the principal players!

Already Moving Up in The World!

You will find the new shares on the main NASDAQ Stockholm market as an F share under the ticker LEOVF. At this time on the Otcmarkets tracker, shares for LEOVF were at $4.82.

LeoVegas runs a unique casino platform, is a publicly listed company and operates with UK Gambling Commission (UKGC), Malta Gaming Authority (MGA), Swedish Gambling Authority (SGA), DGOJ (Spain), and Danish Gambling Authority (DGA) licenses amongst others. It is also one of the UK and Europe’s number one destinations for online video slots and progressive jackpot titles from major software developers such as Microgaming!

Live Dealer Casino: LeoVegas has built a reputation for its range of live dealer brands. Currnetly the platfrom is home to top live casino software providers such as Evolution, Playtech Live, Pragmatic Play Live, Ezugi, Authentic Gaming, BetGamesTV, and Real Dealer Studios!