Formerly known as SharedPlay, BeyondPlay is a leading player in the interactive, multiplayer gaming industry. Launched two years ago, it has already proven to be a successful investment for LeoVentures, generating a remarkable 73% return on investment. By combining a custom-built platform, advanced streaming technology, and innovative social features, BeyondPlay offers users an unparalleled gaming experience.
LeoVegas group chief executive Gustaf Hagman expressed his admiration for BeyondPlay’s growth and leadership in the industry niche, praising founder and CEO Karolina Pelc and her team for their impressive work. LeoVegas aims to continue its valued partnership with BeyondPlay and wishes them continued success in their future growth.
Pelc, in return, acknowledged LeoVentures as an excellent acceleration partner, providing essential support from the early stages until now. She emphasized the commitment to a successful commercial partnership with LeoVegas Group and also highlighted the company’s promising growth trajectory, including securing investments from prominent firms like Bettor Capital. Further details about this exciting development will be announced soon.
The announcement coincided with LeoVegas’ publication of its Q4 results for 2022. While the revenue remained steady, increased costs led to an operating loss during this period.
During the three months ending on December 31, 2022, LeoVegas, now a subsidiary of MGM Resorts International, reported a total revenue of €99.5m, representing a 1% year-on-year increase.
