MGM Resorts International has announced the appointment of Mattias Wedar as the new CEO of LeoVegas. He previously held the positions of Chief Product and Technology Officer and Deputy CEO. 

Wedar succeeds Gustaf Hagman, who stepped down after more than 12 years of leading the company. Hagman officially left the position on June 16, and Wedar assumed his new role on the same day.

“Since MGM Resorts’ acquisition of LeoVegas Group three years ago, we have consistently delivered on our established growth strategy, with a strong focus on strategic investments and the establishment of BetMGM as a leading global iGaming and sports betting brand,” said MGM Interactive President Gary Fritz. “Gustaf Hagman’s leadership and LeoVegas Group’s expertise in product development and local market expansion have laid the foundation for positioning both BetMGM and LeoVegas as global leaders in the industry.”

Wedar will continue to focus on developing technology-driven products to strengthen LeoVegas’ position as an online casino and sports betting operator.

His appointment follows the departure of Chris Welch from the position of Chief Commercial Officer in April.

Last year, LeoVegas acquired the U.S. sports betting assets of Tipico after the latter failed to gain a foothold in the American market. The deal gave LeoVegas access to Tipico’s technology and trading teams across North and South America, as well as in Europe. Prior to the sale, Tipico operated in Colorado, Iowa, Ohio, and New Jersey. In New Jersey, the company offered a proprietary online casino platform.

Tipico, owned by investment firm CVC, had been considering a business sale and was reportedly in talks with Fanatics. However, Fanatics ultimately acquired PointsBet’s U.S. assets for $225 million.

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