In addition, LeoVegas has a great presence in the Latin American countries of Chile, Peru, and in the rest of the world. LeoVegas' core markets are the United Kingdom and Nordic countries, Sweden, Norway, Denmark and Finland. In 2022 Leovegas was purchased by MGM Resorts for $604m. The stock was heavily oversubscribed at the time of the company's initial listing. In advance of the initial public offering (IPO), LeoVegas announced a 124% increase in annual revenue of €83m for 2015 compared to €37m in 2014. The initial stock market offering of the company took place on 17 March 2016. The company was focused on a "mobile first" mentality from the beginning, leading to rapid growth as the smartphone became the fastest-growing channel for entertainment. LeoVegas is a Swedish gaming company founded in 2011 by Gustaf Hagman and Robin Ramm-Ericson.
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