Gustaf Hagman and Robin Ramm-Ericson – Internet Value: How Did The Guys Behind Leo Vegas Grow to be Rich?

Who hasn’t dreamed of creating thousands and thousands? Many people plan find out how to spend it, holidays, vehicles, and numerous luxurious villas dotted around the globe. Or maybe we expect we’d give all of it away to our favourite good trigger. 

Gustaf Hagman and Robin Ramm-Ericson are amongst those that have made a fortune from on-line playing. Nevertheless, relatively than chancing their luck on the slots or different video games, they had been the brains behind the mobile-first on line casino, Leo Vegas. Their cell on line casino website is fashionable across the globe. In Britain, it’s listed as one of many prime slop websites on the evaluation web page As extra US States and different nations have opened regulated on-line markets, Leo Vegas was additionally completely positioned to ship these entrepreneurs some successful rewards. The duo noticed a possibility – that cell would grow to be dominant. 

It began in 2011 when the Swedish pair first got here up with the concept of a mobile-first on-line on line casino. By 2012 that they had launched their first video games, which might be performed on PC, cell, or pill. The pair realized that cell know-how was set to vary the world. On the time, most individuals had been specializing in web-based options. Nevertheless, they believed cell was the longer term. 

That they had been impressed by enjoying round on an iPhone 3. Watching how the picture moved because the cellphone rotated gave them an thought. What in the event you might make a sport for the iPhone that replicated the roulette wheel at a on line casino? Their thought turned to gold, and final yr MGM acquired the enterprise for a cool $604 million. Hagman owned over 8% of the corporate on the time and Robin Ramm-Ericson 5% regardless of having beforehand bought $5 million value of shares. 

It’s honest to say that the 2 have finished extremely effectively of their collaboration. Hagman has been concerned in on-line playing and entrepreneurship for over 20 years. He was beforehand the CEO of Internet Gaming AB, based in 2003. 

His first enterprise took place in 1999 and was referred to as It allowed gamers to guess on shares. Odds had been placed on shares and shares rising or reducing over a one-day, three-day, or week-long interval. On the time, the Federal Wire Act had not outlawed on-line playing, and Hagman says the enterprise had a sizeable viewers. Nevertheless, the terrorist assaults of September 11th, 2000, hit inventory markets onerous, and the enterprise was liquidated in 2003.

He established Eurobet Nordic AB earlier than realizing the longer term was cell and arrange Leo Vegas with Ramm-Ericson. He nonetheless likes to combine the inventory market and gaming as he’s answerable for inventory market points for the corporate. He has made his wealth by making certain the corporate achieves the objectives of the traders and the board.

Ramm-Ericson describes himself as an entrepreneur and passionate free diver. As the primary rule of freediving isn’t to do it alone, this can be a rule that he appears to have efficiently utilized in enterprise as effectively. As co-founder and chair of Leo Vegas, he and Hagman have buddied as much as create a world-leading enterprise mannequin. Educated on the Stockholm College of Economics and Stanford College, his major focus has at all times been enterprise.

The pair say {that a} large a part of their success was the choice to construct its personal platform relatively than attempt to piggyback onto current infrastructure. As they had been a comparatively small start-up, they discovered they weren’t prioritized when creating their enterprise utilizing generic software program techniques. Additionally, as a result of they had been cell, nobody was up to the mark with what they had been attempting to realize. Work started on the Leo Vegas platform within the spring of 2013 and went dwell simply over two years later, permitting the duo to steer their very own future.