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The operator of the online casino LeoVegas closed the deal to acquire a 51 percent stake in the streaming network CasinoGrounds. The agreement between the two companies also includes the possibility of purchasing an additional 29% of shares in the period 2021-2022.
LeoVegas agreed to pay an initial contribution of 30 million Swedish kronor (€3,1 million /$3,7 million).
CasinoGrounds broadcast live games in the casino using the YouTube video sharing platform and Twitch streaming service, acting as an active social forum for casinos.
“At CasinoGrounds we see an innovation when people interested in the gaming industry watch how others play in the casino through YouTube and Twitch. CasinoGrounds has created a new niche – its own live broadcast and social platform, which is highly valued by the players”, – said LeoVegas Group CEO Gustav Hagman.
