leovegas launches leoventures strategic investment unitby Joker 26.10.2017 0 comments
Seeking to target accelerated corporate growth and industry innovation, Stockholm-listed LeoVegas Group AB has announced the launch of its ‘LeoVentures’ investment subsidiary.
The new strategic division will be led by LeoVegas Co-founder Robin Ramm-Ericson, who takes up the position of Managing Director for LeoVentures. Ramm-Ericson will remain as a senior executive of LeoVegas advising corporate leadership and management.
Developed as an investment unit, LeoVentures will target growth opportunities both internally and externally for LeoVegas as the company target multi-market growth within regulated jurisdictions.
Current projects under the LeoVentures domain include; live casino games provider ‘Authentic Gaming’, next generation card games developer ‘21 Heads-up’ and player community ‘LiveCasino.com’.
“The LeoVegas Mobile Gaming Group strives to be the most innovative, entrepreneurial and fastest growing company in our industry. To strengthen this momentum, we give increased focus to our venture business IMP (Independent Mobile Productions), and at the same time change the name to LeoVentures.” Commented Gustaf Hagman CEO of LeoVegas Group.
“My co-founder Robin Ramm-Ericson now takes the role of Managing Director for LeoVentures, leaving the CXO role in LeoVegas’ executive management team, and remains as senior executives in the Group.”
The creation of LeoVentures was announced during LeoVegas’ Q3 update, in which the firm announced that it had expanded it’s UK online gaming footprint by acquiring Malta-based operator RoyalPanda.com for an initial purchase price of €60 million.
Further focusing on innovation and corporate development, LeoVegas Governance has announced that it is recruiting for a Chief Product Officer (CPO) to be part of its executive leadership team,