Under the new license, which became effective on July 23, LeoVegas will continue to focus on branding and acquisition within the UK market.
The operator had been required to obtain the license under the regulations that were introduced in the UK late last year.
Johan Styren, CEO of LeoVegas, said: "It is gratifying that LeoVegas has received a license in the UK. It is one of the key markets for us so it is natural for LeoVegas, as one of the leading online and mobile gaming companies in Europe, to operate under a local license in the UK."