LeoVegas exits Japan and India ahead of MGM acquisition deal
*LeoVegas and its subsidiary Royal Panda will be leaving the Japanese and Indian markets at the end of the month, right before completion of the MGM deal.***
The iGaming operator LeoVegas has recently announced about its departure from the Japanese and Indian markets, which will take effect at the start of September. One of the company's branches, Royal Panda, will be following suit and exiting the markets along its parent organization.
The chief firm stated that this move is a part of their long-term strategy to focus on other licensed markets. Additionally, they stated that it came as a result of a longer strategic assessment that looked at their brands and their operating markets to evaluate the prominence of various jurisdictions.
With the MGM acquisition set out to take place a week into the month of September, it is still unclear if it had any influence on this decision, as the businesses have yet to comment on the matter.
The retail giant had originally cited the expansion of online operations into territories like Europe as its rationale to purchase LeoVegas, thus, as of now, we can only speculate about their role in this act.
