LeoVegas Owner: Faces behind success


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LeoVegas is a name that has become synonymous with the world of online casinos. Founded in 2011, it quickly rose to prominence and has since become one of the leading online casino operators in the industry. With multiple awards under its belt and millions of satisfied customers worldwide, LeoVegas has cemented its position as a top player in the digital gambling market.
However, amidst all the success and recognition, one question remains on the minds of many – who owns LeoVegas?
There is a certain curiosity surrounding the ownership of a company that has achieved such remarkable success in just a decade. With its net worth estimated at over 2 billion euros, it’s natural for people to wonder about the faces behind this thriving business. In this article, we will explore and reveal the owner(s) of LeoVegas.
The purpose of this article is to provide a closer look at the individuals responsible for the success of LeoVegas. We will delve into their backgrounds, business endeavours, and their role in shaping the company into what it is today. By shedding light on the owner(s) of LeoVegas, we aim to provide a better understanding of the company’s vision and values.

Detailed Explanation of Ownership Structure

LeoVegas is currently co-owned by Gustaf Hagman and Robin Ramm-Ericson, who also serve as the CEO and Chairman respectively. These two individuals have been at the helm since the company’s inception and have played a significant role in its growth and success.
In addition to the co-founders, LeoVegas also has a few other key shareholders. These include undisclosed institutional investors, as well as members of the company’s executive management team. Together, they hold a significant portion of the company’s shares.

Key Individuals and Entities

Gustaf Hagman and Robin Ramm-Ericson are undoubtedly the key individuals behind LeoVegas’ success. They both have a strong background in the gambling industry, having previously worked for other companies in the sector. This experience and knowledge have been crucial in shaping the company’s strategies and operations.
Aside from the co-founders, there are other notable shareholders that have contributed to LeoVegas’ growth. Some of these include:

  • Avanza Bank – a Stockholm-based online financial services provider, which holds approximately 8% of LeoVegas’ shares.
  • Swedbank Robur Fonder – one of the largest mutual fund management companies in Scandinavia, with a stake of around 5% in LeoVegas.
  • Carnegie Investment Bank – a Nordic investment bank and asset management firm, which also owns approximately 5% of the company’s shares.

These major shareholders bring a wealth of expertise and financial backing to LeoVegas, further solidifying its position as a leader in the online casino industry.

Changes in Ownership Over Time

Since its inception, LeoVegas has had relatively stable ownership. The company went public on the Stockholm Stock Exchange in 2016, with Gustaf Hagman and Robin Ramm-Ericson retaining majority ownership. Over the years, there have been no significant changes in ownership, indicating a strong sense of consistency and stability within the company.
In recent years, LeoVegas has also made strategic acquisitions to expand its market reach. These include Royal Panda, a UK-based online casino, and Winga.it, an Italian online gaming operator. These acquisitions have further strengthened LeoVegas’ position in the industry and expanded its shareholder base.

Profiles of Key Owners

Gustaf Hagman and Robin Ramm-Ericson, the co-founders of LeoVegas, have been instrumental in the company’s success. With a shared passion for entrepreneurship and online gambling, they identified a gap in the market and saw an opportunity to create something unique.
Before launching LeoVegas, Gustaf Hagman worked at Betsson as Vice President for Business Development, while Robin Ramm-Ericson was the Director of Product Management at NetEnt. Their combined experience and expertise have been vital in driving LeoVegas’ growth and innovation.
Aside from their roles as co-founders and key shareholders, both Gustaf and Robin remain actively involved in the operations and development of the company. This hands-on approach has helped maintain the company’s focus on providing a top-quality gaming experience for its customers.

Their role in LeoVegas’ growth and strategic direction

As the CEO and Chairman of LeoVegas, Gustaf Hagman and Robin Ramm-Ericson have played a crucial role in charting the company’s growth and strategic direction. They have led the company through its various milestones, including international expansion, technological advancements, and continuous improvements to its product offerings.
Under their leadership, LeoVegas has grown from a small startup to a multi-billion euro company with a strong global presence. Their vision and drive have been integral in shaping LeoVegas into the successful brand it is today.

Net Worth of Key Owners

  • Gustaf Hagman: Gustaf, as a co-founder and the CEO of LeoVegas, has amassed significant wealth through the company’s success. While exact figures are not publicly available, considering LeoVegas’ current market capitalisation and Hagman’s stake in the company, his net worth is likely in the high multi-million Euro range.
  • Robin Ramm-Ericson: Similar to Gustaf, Robin’s precise net worth isn’t disclosed to the public. However, as a co-founder and significant shareholder of LeoVegas, his net worth can be estimated to be in the high multi-million Euro range.
  • Avanza Bank: As a corporate entity, Avanza Bank’s net worth is calculated differently. As of the end of the previous financial year, Avanza Bank’s total assets stood at approximately 4.5 billion Euros.
  • Swedbank Robur Fonder: Being one of Scandinavia’s largest mutual fund companies, Swedbank Robur Fonder has a significant net worth. The company’s total assets under management were around 120 billion Euros at the end of the last financial year.
  • Carnegie Investment Bank: Carnegie, a leading investment bank in the Nordic region, has a substantial net worth as well. As of the end of the most recent financial year, Carnegie’s total assets were approximately 3.5 billion Euros.

LeoVegas Casino Profit Over Recent Years

LeoVegas has experienced substantial financial growth over the past few years, demonstrating its strong position within the online gaming market. In 2017, the company reported a revenue of €327 million, a substantial increase from the previous year’s €217 million. This upward trajectory continued into 2018, with revenues reaching €835 million. Although there was a slight dip in 2019 to €712 million, this can be attributed to various market fluctuations and changes in the regulatory landscape. Despite these challenges, the company has continued to demonstrate strong financial health and resilience. The most recent data for 2020 shows a rebound, with revenues increasing to €387 million. This success reflects LeoVegas’ robust business strategy, commitment to innovation, and the effective leadership of its founders and key shareholders.


LeoVegas has proven itself to be a formidable player in the online gaming industry. The company’s stability, strategic acquisitions, and robust growth are testaments to its solid business strategy and the leadership of its key owners, Gustaf Hagman and Robin Ramm-Ericson. With a diverse shareholder base that includes both individual and institutional investors, LeoVegas is well-positioned for continued growth and success in the global online casino market. The company’s financial performance over the recent years corroborates this, showing a strong resilience despite market fluctuations and regulatory changes. As the world of online gaming continues to evolve, LeoVegas, under the stewardship of its key shareholders, is set to continue its upward trajectory.


  • Who is the owner of LeoVegas?

    LeoVegas is owned by LeoVegas AB, a publicly traded company listed on the Stockholm Stock Exchange (Nasdaq Stockholm). LeoVegas AB is the parent company of the LeoVegas Group.

  • When was LeoVegas founded?

    LeoVegas was founded in 2011 by Gustaf Hagman and Robin Ramm-Ericson. It has since grown to become one of the leading online casino and sports betting operators globally.

  • Is LeoVegas a publicly traded company?

    Yes, LeoVegas AB is a publicly traded company, and its shares are listed on the Stockholm Stock Exchange under the ticker symbol "LEO."

  • What is the corporate structure of LeoVegas AB?

    LeoVegas AB is the parent company of the LeoVegas Group, which operates various brands and websites in the online gambling and betting industry. The LeoVegas Group includes LeoVegas, Royal Panda, BetUK, and several other brands.

  • Who are the founders of LeoVegas, and are they still involved with the company?

    LeoVegas was co-founded by Gustaf Hagman and Robin Ramm-Ericson. Both co-founders have been actively involved with the company since its inception, with Gustaf Hagman serving as the CEO and Robin Ramm-Ericson as the Chairman of the Board.

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