Stockholm Wins Europe iGaming Capital Title
Stockholm has emerged as the European betting capital, with more listed iGaming companies than any other stock exchange in Europe. Better Collective A/S’s initial public offering this month followed IPOs of Aspire Global AB in 2017 and LeoVegas AB in 2016, among others, giving Sweden 19 listed betting companies, according to data from Nasdaq Inc. That’s the most in Europe, beating out London’s 16. A concentration in Sweden of entrepreneurs who’ve proved early adoptors of technology and innovation explains the local iGaming cluster, said Adam Kostyal, head of European listings at Nasdaq. He expects more listings in Stockholm this year, and not just by local firms. “There’s a handful of international companies that are actively evaluating a new or parallel listing in Stockholm right now, both on the main market and the First North” alternative platform, Kostyal said in a phone interview. Sweden is attractive as it has developed a community of companies, experts and investors, Kostyal said.