Thank you so much. Good morning, and a warm welcome everyone to our quarterly presentation for the first quarter of 2021. Together with me today, as always, our Group CFO, Stefan Nelson. Good morning, Stefan. Good morning, Gustaf. Let's have a look at the Q1, the highlights for the first quarter. Our revenues amounted to EUR 96.7 million, and that's an increase of 8% organic growth. If we exclude Germany, that are undergoing regulatory restrictions right now, our growth were 19%. Strong underlying growth in many countries, despite Germany. During the quarter, we also delivered an adjusted EBITDA of EUR 10.9 million. We continued to focus on profitable growth, and year- to- date, our adjusted EBITDA is up 22% compared to last year. From this quarter and onwards, we will also include markets where we pay tax in the regulated share of revenues. That means that we had 65% locally regulated and taxed revenues in Q1. Depositing customers, 12% higher than last year, and New Depositing Customers had a slight decline of 4%. However, our total customer base, including returning customers, reached another all-time high. All in all, a quite solid quarter for most of our KPIs. This is our quarterly revenues from back in 2012, the launch of LeoVegas, just to show the trend in the business. We had a slight decrease quarter to quarter, but it's explained by the full effect of the German restrictions. Also, due to seasonality, where Q4, and in particular December, had a strong month compared to Q1. That includes February, with only 28 days. However, our average daily revenues were slightly higher in Q1 compared to Q4, which is good. Let's have a look at our product mix during the quarter. Casino Classic, that's basically our slot games, 74%, Live Casino 17%, and Sports 9%. Business update. I'm going to talk a little bit about our widening strategic focus here, and to start off with our geographical diversification. This is an ongoing strategy that we set out a couple of years ago, a decision to widen the group's revenues by entering more markets. I think this quarter is actually a good example of that. When we have a huge hit in the German market, there are so many other countries or markets like Italy, Spain, and Canada that are mitigating the effect of Germany. We're growing really strong in those other markets. Sports. This is a new segment expansion for us. Of course, the sports market is huge worldwide, and since sport is only 9% of the group's total revenues, we see a great potential to take a larger market share with the launch of Expekt. Within LeoVegas, we are starting our own game studio. This is really exciting, I would say. Investing in technology and experience gives us a larger share of the industry's value chain. That's important for the future. To talk about Sport. Today, our brands are mostly focused on the casino. LeoVegas casino brands will always be the king of casino, but brands like Expekt and BetUK have a clear sports focus, which we will capitalize better on for the future. This increased focus on sports will diversify the group and provide a new strategic growth driver for us. For LeoVegas as a group, it's important to continue to focus on delivering the ultimate mobile sports betting experience in this sense. I believe that we have a great sportsbook product today. It will be interesting to launch Expekt as well. The timing couldn't be better, given the agenda this year and next year, and we will launch ahead of the Euros and Copa América during the summer. I believe Expekt is a great brand to start the journey with. A few words around Expekt. It's founded back in 1999. It's a sportsbook-focused brand, and it's historically one of Northern Europe's largest and most well-known sportsbook brands. We will offer both sports and casino. Completion and consolidation, we will complete the acquisition during May and launch everything ahead of the Euros this summer, end of May. LeoVegas and the widening strategic focus within LeoVegas. We are launching our own gaming studio. For a long time, we have created exclusive games with the help of external providers, but now it's time to take the step to do our games by ourselves. With our data and casino knowledge, we will be able to drive innovation and create games that our customers truly will enjoy. These games may be everything from niche games, local games for individual markets, to broad international games. Having great flexibility in producing games will be a competitive advantage, and it will also give us a new revenue stream as these games will be available for other operators over time. We are planning to launch 20 games in the coming 24 months, and the first game will be expected Q4 this year. The team behind Blue Guru is a great fit with LeoVegas, and I'm super excited about this venture. SharedPlay. SharedPlay is founded by Karolina Pelc, who is one of the world's most credible online casino persons. With her and her team, we will be able to create something special. SharedPlay is now building an industry-first solution for playing casino games in multiplayer mode. Casino is played more and more socially together. We are investing in this strong trend that will continue to grow over time. On the other side, other investments, CasinoGrounds and Pixel.bet, continue to deliver according to our high expectations. Pixel.bet reached an all-time high during Q1. Let's move on a little bit with other topics as well. The migration of Royal Panda is completed. All of the group's own brands are now running on our iGaming platform called Rhino. This will give us more focused and efficient operation when we have one platform. We fully benefit from the group's economics of scale here. Also, LeoVegas share of trading in USD on the OTCQX market in the United States. This is to meet the steadily growing interest from U.S. investors. As of today, 12% of LeoVegas shareholders are from the U.S. Let's move over to market comments. Let's start off with the Nordics. The Nordics stand for 38% of the group's revenues, which is EUR 35 million. In Sweden, the customer base reached another all-time high during the quarter. Our brands and best-in-class products are appreciated by many customers in Sweden and in the Nordic region. We are back on year-on-year growth in March since the temporary COVID-19 restrictions was implemented. Unfortunately, we got a fine of EUR 0.2 million in Sweden, that one will be appealed. Other Nordics, the gaming tax in Denmark was raised to 28% in January. We see strong growth in Finland, a little bit softer performance in Norway, but the overall performance in the Nordic countries are affected by the restrictions in Sweden. It's promising to see that we are now growing year- on- year in the Swedish market. Rest of Europe stands for 42% of the group's revenues with EUR 39.6 million. In Germany, then, restrictions implemented in Q4 2020 had a negative business impact. Germany is now 6% of the total group revenues versus 15% in Q4 last year. I believe it's an uneven playing field in Germany. It's an advantage to operators that don't adhere to the rules in the upcoming licensing system. 70%-80% of the German market for casinos has likely shifted over to the operators that have chosen not to adapt to the coming market regulation. All in all, Germany has become a huge black market, unfortunately. Rest of Europe, despite the drop in Germany, the overall performance in Rest of Europe is really great. We see really strong growth in Italy and Spain in particular. Rest of the world stands for 20% of the group revenues with EUR 18.8 million. Strong performance in Canada during Q1. The province of Ontario in Canada is conducting preparations to regulate its gaming markets. Regulation is estimated to happen in 2022, next year. Ontario makes up for approximately 4% of Canada's total population. Rest of World, most key markets continue to deliver strong growth. Also to remember everyone about our upcoming annual general meeting. It will be next Tuesday, the 11th of May. It will not be a physical event due to COVID-19 restrictions. I encourage everyone who wants to participate to register and vote online. You can find all information at leovegasgroup.com under Corporate Governance. Current trading. Given the impact of Germany, I think it's a solid start of Q2 with EUR 32.7 million in revenues, and that's a decline on 13% compared to April last year. However, excluding Germany, April delivered a growth of 4%, showing a strength in all other markets. We need to remember that the comparable last year, April was a really strong month and a strong quarter Q2 last year. With that, I will leave to you, Stefan, to run some of our business KPIs. Great. Thanks, Gustaf. If we start up with our most important KPI, our customer base. Our New Depositing Customers increased 3% versus Q4, but decreased 4% year-on-year. As Gustaf also mentioned, we are facing tough comparables already from February, March in terms of customer intake, since that was the start of the pandemic with parts of Europe going into lockdown. Meanwhile, if we look at our returning depositing customers, that number increased 25% year-on-year and decreased slightly quarter-on-quarter. This results in our total customer base reaching a new all-time high level in Q1 with a 12% increase year-on-year. If we look at the right of the page, our average player value decreased 4% year-on-year and declined 3% sequentially. As we've said before, this primarily reflects a higher share of leisure players in our customer base, also some impact from the restrictions in Sweden and Germany over the last 12 months. If we take the next page, this leads us to our deposits. Deposits increased 3% from last year, with a 6% decrease from the prior quarter. Meanwhile, NGR increased 7% versus last year and a small decrease of 3% from Q4. Worth mentioning, however, is that we had a higher daily average NGR in Q1 when comparing us to Q4, since there are less days available in the first quarter. If we also have a look at our game margin, it increased slightly to 4.06% versus 3.94% in the previous quarter, which is above the historical average. Our hold loss increased to 32% from 31%, and that's more in line with the long-term average level. Next page, we can have a look at our customer acquisition costs and our marketing. We had a marketing spend of EUR 36.1 million in Q1. These investment levels reflect the group's strategy to continue to drive growth and geographical diversification with several markets and brands. Our marketing cost in relation to revenues increased to 37.4%. That's a slight increase from the previous quarter. Our customer acquisition cost decreased 4% quarter-on-quarter. However, it increased 20% year-on-year, and that is also related to that we have an exceptionally low CAC last year when the pandemic was in its starting phases, and we got a lot of new players during that period. Looking ahead, we expect to remain at quite high investment levels in Q2. The current quarter will include, among other things, the relaunch of Expekt and the build-up to the Euro 2020, which starts in June. With that, we can move over to the financials and our EBITDA, where our adjusted EBITDA in Q1 was EUR 10.9 million, and that reflects a margin of 11.3%. It also reflects the underlying growth of 22% in Q1, while our last 12 months adjusted EBITDA increased by 25%. This earnings growth reflects, of course, higher revenues, but also scalability gains and a generally good cost control. Meanwhile, our reported EBITDA in Q1 was EUR 10.4 million, and the reported EBITDA includes EUR 0.5 million in non-recurring costs, and that relates to a small additional provision for the Danish taxes, which took a bigger provision in Q4, and also a provision for the sanction fee in Sweden. Next page, we can move a little into detail on the EBITDA build-up and profit build-up sequentially. Our gaming duties actually increased, versus the previous quarter, despite that we had a slightly lower revenue share from locally regulated tax markets. This is partly due to the higher taxes in Denmark from January, and also a bit of a changed mix in our regulated and tax markets. Meanwhile, we further decreased our cost of sales, both in absolute terms as well as in relative terms, and that shows the kind of improved supplier agreements that we are doing on a continuous basis. Our marketing spend was down slightly, as I mentioned before. Our personnel expenses increased slightly from Q4, and that primarily is relating to the annual salary increase in January. Our other operational expenses declined versus Q4, and that also reflects the good cost control. We're also benefiting a bit from less traveling and other office costs due to the pandemic. Again, these costs are adjusted for EUR 0.5 million in other items that affect comparability. That takes us to further down the P&L on the next slide. Our adjusted EBIT for the period was EUR 8.2 million, and that excludes amortization from acquisitions and other sales of subsidiaries. The reported EBIT of EUR 3.7 million includes the usual amortizations from past acquisitions. We had net financial items of EUR 1.1 million, and that primarily relates to our outstanding corporate bond, and our adjusted net income for the period was EUR 7.0 million. Let's look at our cash flow. We had a continued good cash flow generation in Q1. The cash flow from operating activities before changes in working capital amounted to EUR 9.8 million. We also had a further cash inflow from working capital changes of EUR 2.9 million. During the period, we had EUR 4.5 million in cash outflow related to an earn-out payment for Royal Panda, an upfront payment for Expekt, as well as the investment we did in SharedPlay. That leaves us with a solid financial position at the end of the quarter, where we had cash on balances at EUR 17.8 million, and when we exclude player balances, the amount is EUR 54.2 million. Finally, a look at our financial position where we have a strong financial position. The current net debt after Q1 is at 0.0x EBITDA. In other words, we have now entered a net cash position. As discussed on the previous page, we have continued strong cash flow generation with over 100% cash conversion during the past 12 months. This, of course, gives the company a good foundation to grow from, both organically but also potentially through M&A. With those words, I leave it back to you, Gustaf. Okay. Thanks, Stefan. Let's summarize here. Q1 revenues were EUR 96.7 million. That's an 8% organic growth, excluding Germany, then 19% growth. Our adjusted EBITDA was EUR 10.9 million, 13.3% margin, corresponding to 22% EBITDA growth during the quarter. Increased strategic focus on sports with the acquisition of Expekt. Will be great to follow that one. We also started our in-house gaming studio called Blue Guru Games and invested in SharedPlay. We migrated Royal Panda onto our own PAM platform. The AGM will be next week, next Tuesday, so please register and vote online. The first dividend will be paid out the 19th of May. Also, a solid start to Q2. April revenues of EUR 32.7 million. That's a growth of 4% when excluding Germany. With that, let's open up for a Q&A session. Thank you. As a reminder, to ask a question. You will need to press star one on your telephone. To withdraw your question, please press the pound or hash key. Please stand by while we compile the Q&A roster. Your first question comes from the line of Martin Arnell from DNB Markets. Good morning, guys. Good morning, Martin. Morning. I just want to start off with the start to Q2. There's a lot of factors here in Q2, the tough comps as you mentioned, the football Euros and Expekt consolidation, et cetera. Is it fair that you could end up at negative double digits for the full quarter? Sorry. Stefan, can you take that one? I'm just open up that. Yeah. Is it reasonable to extrapolate April in Q2 year-on-year? As you know, we haven't guided on Q2. Martin, you know us pretty well. If you look at April, to extrapolate it into Q2, if we look at going ahead, as you say, we have the football Euro coming up. We have the Expekt consolidation in end of May. April is 30 days. May is 31. With the team that we have a good momentum if you look sequentially, April was better than the Q1 average. We feel that we have good growth. As Gustaf mentioned, we have extremely tough comparables from last Q2. I think that goes for all kinds of casino business and also other digital products. That math, I think, you'll need to figure out yourself. We feel that we have a good kind of momentum in the business. Historically, what's the football Euro, how has that impacted your June revenues in terms of million Euros? Of course, in general, there's a lot more activity during a World Cup or similar. There's a lot more punters in the system. Are you able to cross-sell into the casino during an event, or is that positive impact sort of six months after or? No, of course, that will happen directly. Expekt will be launched with both a great sportsbook offering and a casino. I guess Germany is a big problem for you. I guess it's below your expectations three months ago. What's changed in Germany in the near term here? Why is it sort of underperforming your expectations? I think we just had to wait for July restrictions kicking in and the new licensing system, and then we will have a level playing field. Right now, it's the Wild Wild West in Germany, and it has become a huge black market. Okay. Is it the black market competition that is mainly the negative impact on you here? Of course. Yes. Okay, thanks. Just onto the open banking system that you announced previously, can you share some details on how many players that are using it in depositing in the U.K., for example? Yeah. Well, the numbers actually continue to increase, and we're very happy about that. 35% of all NDCs, New Depositing Customers in the U.K., are using open banking now. Okay. When do you expect to roll it out to more markets? It will be rolled out in more markets, of course, yes. The timing for that, do you know? Yes, I know, but I can't tell you. Okay. I guess there should be a lot of other competitors looking at replicating a thing like this. Have you received any external interest? Yes. There has been a lot of discussions in the industry. I think it's great that the entire gaming industry is moving towards open banking. It's a safe and faster way of doing transactions online. It's clearly a trend that we're seeing within our colleagues or competitors or whatever you call them. Okay. Stefan, the cash flow, I want to ask you, we've seen this positive change in working capital for quite a while now. What are you doing here? How much is left in terms of working capital management? It's a good question. As you know, we've been working with this for quite some time, and I think we should still expect it to go up and down during certain quarters. There's still more to be done. I think one of the issues for the positive working capital in this quarter was a change in a big payments provider that enabled us to bring more of the cash on balances instead of on the third party. That's a specific reason in Q1. As I said before, it's a grinding exercise, but sometimes we find a kind of bigger potential. Okay, thanks. The game studio initiative, just so I understand that, it's an organic initiative, right? Is it with existing Leo employees, or are you going after developers in recruitment? How is this working? Well, yeah, I wouldn't say it's an organic initiative, but semi-organic then. It's founded by two industry veterans. Those guys will be leading the studio, and they are very well-known in the industry. We are about to hire the team, et cetera. We have a great gaming engine as well. The first game will be out already in Q4 this year. We're going to build around 20 games for the upcoming two years. How do you expect the game studio initiative to impact your profitability in 2021 and the coming two years? We will not see anything in 2021. Of course, this initiative, this is something we've been talking about for quite some time internally as well, to take a larger part of the value chain. Of course, that will strengthen our balance sheets later on. What will it do to your margins in the coming two years? It will strengthen them, yes. Okay, already from 2022? Not sure it will happen in 2022, but of course, we take a larger part of the value chain, and of course, it will strengthen our margins for the future. We will also create some unique content for the LeoVegas Group. These games will also be sold as B2B to other operators. Okay, thank you. Just a final question from me. The U.S. expansion plans, if you could just elaborate on sort of what's taking so long, and I know it's just not to enter the market, but you have to do a lot of things. How's your view on the U.S. potential entry? Well, yeah, I think it looks really promising. It's not a secret that the U.S. is clearly on our radar. Okay. Thank you. I might come back later. Thanks, Martin. Do we have any other questions? Yes, sir. Your next one comes from the line of Hjalmar Ahlberg from Kepler Cheuvreux. Please ask your question. Maybe one more on Germany. Do you see the kind of stabilization at this low level until July, or do you see risk for further decline there? I anticipate it will stabilize at these volumes and where we are right now. Hopefully, everything will stabilize better and then moving in a better trend after the 1st of July. Got it. The regulator is obviously seeing that. I guess they're seeing that a lot of players are now going outside the system. Do they take this seriously, or what's your view about the current market development, and do you think this was what they saw when they implemented these changes in Q4? Unfortunately, they are not doing that much at the moment, but there are a lot of talks about what will happen after the 1st of July. In Germany, we are grateful that the German gaming legislation will come under the tax authorities in Germany. The tax authorities will hunt down the ones who don't pay tax within Germany, then. It will be tougher for black operators after 1st of July in Germany. There are also talks around the payment blocking, which is a really good sign. Okay. You mentioned Canada and some discussions on the gaming market there. If there's a regulation, how do you think that would impact your operations there? Would it be positive or is there some risk on regulation in that market as well? The discussions in Canada, we are actually part of the Ontario discussion board and the advice to them, and it's really promising discussions, and the legislation seems to be very fair and a good one, a healthy one. We're looking forward for the Canadian new licensing system. Got it. More questions on your sports focus here. As you mentioned, that you maybe want to increase your share of sports in your mix. Have you set any targets for that? Do you expect casinos to be a clear majority, or any input on what to expect in the long run from the sports business? We haven't set any target or external target for the sports business. Of course, with 9% of our revenues coming from sports and launching at such a great brand as Expekt, a strong brand as Expekt, I wouldn't be surprised if it will be double- digit fairly soon. Okay. Sounds good. Maybe one more on your in-house games. You want to take a larger part of the value chain, but do you think you can launch games that have some features or some kind of themes that is not available? Do you think you have something that you can compete with, or launch something that's unique, or something like that? What's the kind of product that you will create there? Yes, we will have unique content, of course. I think one important thing to remember here is that we will create characters, et cetera, that we can utilize in our marketing. By doing that, we will create a sort of a 360 view. When you market a character or a specific game, we will market our own games, of course, in all marketing that we will do going forward, meaning that we will take away some of the other suppliers' games in favor of our own. All in all, that will create a better and healthier ecosystem for us. Got it. Maybe one last question. In some of the markets where we have seen the lockdowns ending, have you seen any change in player behavior or activity in those markets, or is it too early to say maybe? Yeah, it is too early to say. Okay. That's it for me. Thank you. Okay, thanks. Your next question comes on the line of Marlon Värnik from Pareto Securities. Please ask your question. Hi, good morning. Good morning. Good morning. Just a question here. April is up 4% year-on-year excluding Germany. I don't have the Swedish April number yet. What's the April growth year-on-year excluding both Germany and Sweden? Hi, we usually don't comment more than just the actual first month of the period. I guess that the tax number should be out fairly soon. What we did comment on was that Sweden returned to growth in March year-on-year, the first month after restrictions. That at least gives you an indication that Sweden is progressing quite well. All right. We need to wait. Also, can you comment on the U.K. market development sequentially here and how it's forming now? Gustaf, you? No, we don't comment on any specific markets either. All right. Okay. Yeah, that was all from me. Thank you. Next one comes from the line of Mathias Lundberg from SEB. Please ask your question. Good morning. Good morning. I might risk to repeat one or two questions here, but just bear with me. Just to clarify, Expekt is expected to be consolidated into numbers in May, so it's not included in the trading update for April? Correct. Great. Regarding Germany, you hoped that it would stabilize and level out in the near term. If we look at Q1, could you comment on if the trend was it negative month-over-month in Q1, or had it already stabilized? Cannot comment on that one. Okay, fair enough. If we look at the marketing strategy in 2021, could you comment on anything on that? Do you expect to ramp up marketing, or perhaps, as I recall, LeoVegas has done in earlier years, perhaps not put the pedal to the metal, but a more cautious strategy? Are you talking about Germany specifically or overall? Overall, regarding the Euros and stuff like that. Of course, there will be more marketing put into sports and building the Expekt brand. As always, we are very data-driven in everything we do. If we see an opportunity, if we see good ROI, we will continue to invest. Mm-hmm. Do you have any comments regarding the outlook on perhaps price points? Do you see any move in the price points for CPA or traditional promotional marketing, or do you expect that to increase during the summer? I haven't seen any fluctuations in those price points yet. Mm-hmm. Okay. Mathias, as you know from. Mathias, just a comment there on this as well. As you know, we are, as Gustaf said, data-driven and look at ROI. We will be quite quick to adapt. If we don't see good returns during the Euro, for instance, we would pull back, and it's reasonable to expect that it will be a bit more crowded in the market during a few weeks. On the other hand, that's kind of our ongoing business as well to pull back or shift money if we see better returns elsewhere. We, of course, have Expekt, which we intend to relaunch and promote much more than has been the case before. That will, of course, be kind of on top of spending since we have a new brand. Thanks. Very helpful. All from me. Thanks. Thanks, Mathias. Yeah. Once again, for any questions, please press star one on your telephone keypad. We have follow-up questions coming from the line of Martin Arnell from DNB Markets. Please ask your question. Hi. Just a final one from me. I just want to ask you on the balance sheet. It looks quite strong, and I just wonder, sort of how do you, as a company and the board, reason when it comes to the use of cash and the mix of distribution when it comes to buybacks and cash dividends. I know you did the minor buyback program last year, but how are you reasoning about this here? Yeah. We don't have any intention to pile up cash more than necessary. If we have excess cash and we don't see any acquisitions or other investments that we feel will be value accretive for the shareholders, then it's reasonable, of course, that will be distributed just as we did last year with the buybacks. As you know, we have the dividend cap for this year, but there's nothing that prevents us from making buybacks if we feel that that's the best way to create shareholder value. With that said, of course, we have, I think, implied that we are more interested in M&A right now, since if we see that we can find the right assets. That's not always so easy. If we do, I think that it's also good to have that flexibility to act fast. Again, if we just see cash piling up and we don't see any good opportunities, then it's probably reasonable that we will look at distributing it in some way. Perfect. That's helpful. Thank you. We have one more question, sir. Comes from the line of [Karl-Johan Bonnevier] from Carnegie. Please ask your question. Hey, Gustaf and Stefan. Just two more follow-up questions from my side here. First of all here, going into Q2, could you say anything on the sort of comparison you're facing on a monthly basis here from last year? Was it the sort of highest activity in April 2020, or how does the months look here going forward in Q2, just to understand and get a feeling here on what you're facing? Yeah, I can comment on that. If you look back at last year, April and May are definitely by far the toughest comparables. There's a reason for that, because in those months, large parts of Europe were in full lockdown mode. People were, in some countries, basically locked indoors, right? We saw a huge inflow of new players in March and April, and then we saw very high activity in April and May. It kind of normalized in June, and that was also coinciding with Europe opening up a bit in last summer, which you probably remember. That's how the trend was last year. Okay, perfect. A final one here on a follow-up on the balance sheet here. You mentioned it before also, given the very strong cash position you have here, could you say anything sort of how maybe a bit on sort of you're looking for bolt-on acquisitions here as you did in Q1, also how you see sort of multiples in different markets? Because I assume maybe in a market like Germany, some players or also including you, have a quite tough time now. Do you see any specific markets or where multiples are more attractive, and where we can find sort of assets where still quite high quality, but maybe that's a temporary operational headwind is higher now. Well, I can comment on that as well. Without going into specific markets, generally, a stable market, a regulated market which has a stable regulation usually tends to have higher multiples. On the other hand, you have much more business certainty if you have that mix. It's very different. There is a lot of assets out there right now. On the other hand, many of these assets are kind of brands that don't have really strong positions anywhere, and that, to us, is not that attractive. We're more interested in local champions or Expekt for us was the perfect acquisition. It was a very strong brand in one market, where we believe that we can add a lot of value by integrating it on our platform. That's more the challenge to find the right strategic assets than anything else. Multiples vary a lot depending on the market and asset. Okay, perfect. That was everything from my side here. Thank you very much. Thank you. Thank you so much. Okay, we have two questions online here as well, if there's no one else on the call. One question here, could you speak a bit more on how you plan to bring new life to Expekt, if you migrate into the platform immediately upon closing of the acquisition? Yes, the migration to Kambi is ongoing. We're also bringing on the entire LeoVegas casino games onto the casino part or section of Expekt. Expekt will have a great platform, a great sports betting offering, the world-class best casino offering. That's going to be quite interesting. There is another question: are you looking into more M&As? How does the pipeline look like, what sort of targets are you interested in? Yeah, well, clearly, yes. There are a lot of movements in the market right now, and we are constantly looking at interesting M&As. I think that's it online. If there are no further questions on the call, are there other operator? Once again, for any questions, please press star one on your telephone keypad. Okay, no more questions. Thank you, everyone, for listening in to our Q1 presentation, and we wish you all a great day. Okay. Thank you.