LeoVegas Recruits Mattias Wedar for CPO/CTO Role

Mattias Wedar, formerly of Mr Green (MRG), has been named LeoVegas’ latest recruit to the newly established, combined position of chief product and chief technology officer (CPO/CTO).

This new role conjoins two functions into one – something that is apparently becoming a trend in the industry…

…for, in late January, Betsson appointed Peter Frey to the same two guises merged into one.

Wedar, of Swedish nationality, was MRG’s long-standing chief of technology development within the company’s subsidiary, MRG Gametek. His track record also includes working for Eniro where he held several senior roles and was in charge of the Nordic market’s search services and directory assistance.

He is also podcast marketplace Acast’s member of the board and has a Master’s degree in Informatics and Economics from Lund University.

A Unifying Leader

Welcoming their valuable addition to the team that will take over his new duties in spring, LeoVegas’ official corporate statement reads as follows:

“Mattias joins us most recently from a similar role and has solid experience in product development and keen industry knowledge. With this new position, the product and technology organisation will have a single leader, which will increase its effectiveness and cooperation within the group.”

This move came swiftly after last week’s announcement by the operator that it will be adjusting its financial goals for 2019 after a very rough and challenging last year…

…namely, the objective of $600 million in annual revenue has been pushed to 2020 or 2021, after figures revealed that despite the 51% revenue increase (to €327 million) the final operating profit balance was affected due to decreasing markets and regulatory hurdles.

Income also struck a blow by much bigger personnel costs and expenditures, resulting in a slight drop in profits (to €19.2 million) for the entire year.

Accolades and Payment Novelties

LeoVegas anticipated the re-launch of the Swedish market under new regulatory framework with great eagerness…

…not only because their brand of gaming websites were approved for launch, but also for the kick off of the Swish payment service, Sweden’s most widely used transaction system.

Swish’s CEO commented on their partnership with LeoVegas: “Today Swish has 6.7 million users and 180,000 connected businesses. We are super pleased with our continued growth and that Swish is now being offered as a payment method on a growing number of platforms.”

In the eve of the ICE London event, LeoVegas took home two valuable acclaims – Global Gaming Awards’ “Online Casino of the Year” and International Gaming Awards’ “Mobile Operator of the Year.”


“LeoVegas appoints Weder to combines CTO-CPO role”, igamingbusiness.com, February 18, 2019.

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