Swedish Authorities to Investigate LeoVegas’ Share Trading
Published: June 15, 2022
Sweden’s Economic Crime Authority has launched a probe into suspected trading of LeoVegas shares. Last week, the Economic Crime Authority made an unexpected visit to the operator’s offices in the country’s capital of Stockholm.
In an official statement, LeoVegas said it would help authorities during the investigation. It also explained that the Authority would answer all questions regarding the probe.
According to available information, no employee of LeoVegas, including board members and members of the company’s management team, has been suspected of any criminal activity.
The renowned operator made the news last month after MGM Resorts made an offer of around $782 million to acquire it.
MGM Resorts is ready t pay $7.94 per share to gain control of the operator’s share capital, which equals to a premium of 44% when compared to the company’s closing share price at the end of April.
The MGM bid led to the rise in LeoVegas’ share price, despite having already gone up by over one-third a month before.
Commenting on the latest news, a spokesperson for MGM said the LeoVegas announcement was the only available info.
Established in 2011, LeoVegas has become one of the leaders in the online gambling industry. Today, the operator provides its customers with an offering of online slots, table games, bingo, and live dealer games.
The Canadian online casino includes an extensive library of casino games from some of the best providers in the business, including Microgaming, Evolution Gaming, NetEnt, Play’n GO, and Yggdrasil Gaming.