Mattias Wedar Named CEO of LeoVegas Group as Gustaf Hagman Steps Down

Gustaf Hagman officially stepped down from his position on 16 June, bringing to a close 14 years of leadership. Together with Robin Ramm-Ericson, Hagman co-founded LeoVegas Group and has overseen its transformation from a mobile-focused challenger into a major international operator. The company’s approach has been rooted in proprietary technology and product-led growth, including the early development of its own platform, Rhino.

“When Robin Ramm-Ericson and I were sitting at a barbecue, brainstorming about a spinning iPhone as a roulette wheel, I could never have imagined that it would lead us here. Founding and leading LeoVegas Group to become a market leader has been one of the greatest adventures of my life, and I am incredibly proud of everything we in ‘Team Leo’ have accomplished. When we launched in Sweden in 2012, the industry was in its infancy, and we were sailing in uncharted waters. With a strong team, great commitment, and a fantastic corporate culture, we navigated the course successfully and managed to become one of the leading international players – it is truly impressive”, said Gustaf Hagman.

“Now, as part of the MGM family, LeoVegas Group is now stronger than ever, and it is the right strategic moment to pass the baton to Mattias Wedar. Mattias has been an invaluable asset from day one, and I am confident that he is the right person to take the Group to new heights. After 14 years of traveling and being constantly connected, I am now looking forward to a period of rest and more free time – but I will always be a part of ‘Team Leo’ and will continue to follow its success closely”, he added.

Wedar Steps In Following Six Years Within the Group

Mattias Wedar officially assumed the role of CEO as of 17 June. He had previously served as Chief Product and Technology Officer from 2019 to 2025 and was appointed Deputy CEO in April 2025. Wedar brings prior experience from the gaming sector, having held senior roles at Mr Green, now part of the Evoke Group.

“During the six years I have been part of what we call Team Leo, I have been consistently impressed by our innovation, pioneering spirit, and strong corporate culture. The success story that Gustaf and Robin began 14 years ago is stronger than ever, and we see many exciting opportunities on the horizon. I am honored to have been entrusted with the challenge of taking on the role of CEO in LeoVegas Group’s new chapter, and I look forward to continuing to lead us towards new milestones”, commented Mattias Wedar.

Under Wedar’s leadership, the company is expected to continue refining its product and technology strategy while accelerating international growth.

MGM Backs the Leadership Transition

LeoVegas Group has been owned by MGM Resorts International since 2022, and the leadership change has received support from the parent company.

“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. 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. I would like to thank Gustaf for his dedication and leadership, and I have full confidence that LeoVegas Group, under Mattias’ leadership, will continue to deliver on our strategic plan. We look forward to supporting him and LeoVegas Group in our shared growth journey”, said Gary Fritz, President of MGM Resorts International Interactive.