Swedish online and mobile gaming company LeoVegas has announced its results for Q2 2017.

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Turnover increased by 60 per cent in this period to €49.7m, which is a 53 per cent increase on the previous year. Revenue from regulated markets accounted for 25.1 per cent (12.8 per cent) of total turnover.

"Sweden accounts for 37 per cent (of revenue) which amounts to €18m in the second quarter. It puts us in the driver’s seat before the coming regulation. The amazing development in Denmark continues and the UK has also had an impressive quarter. This gives us strong momentum into the third quarter, where July started very well with NGR at the new record level of €18.3m," said Gustaf Hagman, group CEO and co-founder.

“The number of new depositing customers decreased during the second quarter of 2017 compared with the second quarter of 2016,” he added. “This is explained by the record number of new customers in the second quarter a year ago in connection with the launch of LeoVegas Sport, LeoVegas Live Casino, and the UEFA European Championship.

“During the quarter, we continued to work with our company culture and values, and we aspire to create the best company culture in the industry. LeoVegas has a very good reputation today as an employer, and we believe that a good company culture is important to maintain a high pace of activity and growth.”