LeoVegas investing in SharedPlay
LeoVegas, through LeoVentures, is investing EUR 1.1 million for a 25% stake in SharedPlay, a company focused on multiplayer casino gaming experiences. This investment highlights the growing trend of social interaction in gaming. SharedPlay aims to create engaging multiplayer experiences, transforming solitary gaming into shared excitement. CEO Gustaf Hagman noted that the investment aligns with current gaming behaviors, while SharedPlay's founder emphasized its potential in a rapidly evolving industry. The partnership aims to enhance social casino gaming.
- Investment of EUR 1.1 million for 25% ownership in SharedPlay.
- SharedPlay offers a unique B2B solution for multiplayer casino gaming.
- Aligns with growing trends in the gaming industry of social interaction.
- None.
STOCKHOLM, March 26, 2021 /PRNewswire/ -- LeoVegas, through LeoVentures, is investing EUR 1.1 m for
Interest in sharing and following each other's experiences online has long been popular in other entertainment categories such as computer games, music and film. This trend is now growing also in gaming and casino. SharedPlay's mission is to transform solitary game sessions into engaging multiplayer and entertaining experiences. This is made possible by being part of a social community while playing and enables players to share their experiences digitally.
"We see a new behaviour in the gaming market as well as in many other digital consumer segments - it's about sharing your fun and excitement with your friends, but also with others who have the same interest," comments Gustaf Hagman, LeoVegas' Group CEO. "The team we are investing in is world-class, and SharedPlay has a unique position with the opportunity to drive the next step in the social casino experience."
Karolina Pec, founder and CEO of SharedPlay, comments: "SharedPlay was established to capitalise on the opportunities that exist in the current trends in our rapidly growing industry. I have closely followed the development of social platforms, how we consume moving pictures, and how it has become part of the gaming industry. We aim to create the best and most engaging product for making casino more social among players. There is incredible potential in the strong engagement that exists among the new generation of casino players combined with a safe and secure gaming experience. LeoVegas is a dream partner, as they are passionate about the gaming experience and innovation in product development, and have shown through their other investments that they are proficient at driving growth and creating value."
About SharedPlay
SharedPlay is the gaming industry's first B2B solution with an SaaS model that makes it possible to offer a gaming experience in multiplayer mode. SharedPlay will offer a cutting edge technology solution allowing players to play together, share the excitement of the game and interact with each other through a variery of social features. Read more at their corporate site sharedplay.io.
Leoventure's investment focus
LeoVegas aspires to be the most innovative, entrepreneurial and tech-oriented company in the gaming industry. LeoVentures is LeoVegas' unit for investing in entrepreneurial companies in various verticals of the industry and thereby contributes strategic value to the LeoVegas Group. LeoVentures has the ability to drive growth and value creation by allowing the portfolio companies to retain their identities and independence at the same time that they can accelerate with capital, knowledge and other synergies from LeoVegas. This gives LeoVentures a unique capacity to invest, grow, and over time realise the value of venture companies and new strategically important opportunities for the Group.
for further INFORMATION, please contact:
Gustaf Hagman, Group CEO
+46 (0) 8 410 367 66, gustaf.hagman@leovegasgroup.com
Philip Doftvik, Director of Investor Relations and Corporate Finance
+46 73 512 07 20, philip.doftvik@leovegasgroup.com
About LeoVegas Mobile Gaming Group:
LeoVegas vision and position is "King of Casino". The global group LeoVegas Mobile Gaming Group offers games on Casino, Live Casino, Bingo and Sport. The parent company LeoVegas AB (publ.) is located in Sweden and its operations are mainly located in Malta. The company's shares are listed on Nasdaq Stockholm. www.leovegasgroup.com
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/leovegas-mobile-gaming-group/r/leovegas-investing-in-sharedplay,c3314664
The following files are available for download:
LeoVegas investing in SharedPlay |
View original content:http://www.prnewswire.com/news-releases/leovegas-investing-in-sharedplay-301256616.html
SOURCE LeoVegas Mobile Gaming Group
FAQ
What recent investment has LeoVegas made?
What is SharedPlay's focus in the gaming industry?
How does LeoVegas plan to benefit from its investment in SharedPlay?
What is the significance of LeoVegas's investment in SharedPlay?
