MGM's LeoVegas Hits The Jackpot, Acquires Tipico's U.S. Sportsbook And Online Casino
Portfolio Pulse from Shivani Kumaresan
MGM Resorts International's subsidiary, LeoVegas Group, has agreed to acquire Tipico's U.S. sportsbook and online casino platform. This strategic move aims to enhance LeoVegas' global sportsbook operations and boost MGM's digital gaming presence. The deal is expected to close in Q3 2024.
June 24, 2024 | 11:57 am
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MGM Resorts International's subsidiary, LeoVegas Group, is acquiring Tipico's U.S. sportsbook and online casino platform. This move is expected to enhance MGM's global digital gaming presence and provide a proprietary sports betting platform.
The acquisition of Tipico's U.S. sportsbook and online casino platform by LeoVegas, a subsidiary of MGM, is a strategic move to enhance MGM's global digital gaming presence. This will provide MGM with a proprietary sports betting platform, which is likely to positively impact its stock price in the short term.
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