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Due to the effects of the Covid-19 the company's staff is sent to work from home and business is continuing as usual.
Gustaf Hagman, LeoVegas’ Group CEO comment:
“The health of our employees and their families is of absolute top importance, and with the measures we have taken, we are exercising our responsibility as an employer”.
“We are closely monitoring the situation and continue to be well prepared for the unique situation that has arisen. Of course, it is sad to see many sporting events cancelled along with the festivities surrounding them. This is expected to lead to lower revenue for LeoVegas in the sports betting segment, but given our strong position in the casino, we can mitigate this effect to some extent by shifting the focus even more to our casino product.”
As the situation with the COVID-19 in very unpredictable, LeoVegas can not quantify the impact at this point.
The next financial update will be presented on the 6th of May 2020.
Source: https://news.cision.com/leovegas-mobile-gaming-group/r/impact-of-covid-19-on-leovegas,c3061491
Gustaf Hagman, LeoVegas’ Group CEO comment:
“The health of our employees and their families is of absolute top importance, and with the measures we have taken, we are exercising our responsibility as an employer”.
“We are closely monitoring the situation and continue to be well prepared for the unique situation that has arisen. Of course, it is sad to see many sporting events cancelled along with the festivities surrounding them. This is expected to lead to lower revenue for LeoVegas in the sports betting segment, but given our strong position in the casino, we can mitigate this effect to some extent by shifting the focus even more to our casino product.”
As the situation with the COVID-19 in very unpredictable, LeoVegas can not quantify the impact at this point.
The next financial update will be presented on the 6th of May 2020.
Source: https://news.cision.com/leovegas-mobile-gaming-group/r/impact-of-covid-19-on-leovegas,c3061491
