eoVegas Mobile Gaming Group has, through LeoVentures, started the game studio Blue Guru Games, with LeoVegas' share of ownership at 85%. The studio will develop and offer games both for the Group's own brands and for other game operators.
Their aim is to produce at least 20 games in the coming 24 months through Blue Guru Games.
Gustaf Hagman, The Group CEO of LeoVegas said: "For a long time we have created exclusive games with the help of external providers, but now the time is right to take the step to do game development entirely on our own. Drawing from our data and casino knowledge we will be able to drive innovation and create games that our customers truly enjoy. These may be everything from niche, local games for individual markets to broad international games. In addition, we will create games and unique characters that can be used in our marketing, which will build stronger loyalty to our brands. Having great flexibility in producing games is a competitive advantage, and it will also give us a new revenue stream over time".
Blue Guru Games will complement the games from the other 60 casino game providers that LeoVegas has access to today. The first games from the studio are expected to be released towards the end of 2021. These proprietary games will also give LeoVegas IP rights that will offer greater flexibility in how the characters and games may be used.
The new game studio is part of LeoVegas' strategy to control a larger share of the gaming industry's value chain. In addition to Blue Guru Games, LeoVentures has invested in, among other companies, CasinoGrounds, Pixel.bet, and SharedPlay. LeoVegas also recently acquired the sports betting company Expekt.