Boa Lion agrees to acquire Bingão do Brasil pending CADE review
Boa Lion, the Brazilian joint venture between MGM Resorts International and Grupo Globo, agreed to acquire all of video bingo developer Bingão do Brasil, according to a report citing a CADE notice published on 9 June. The transaction price was not disclosed, and completion depends on approval by Brazil’s competition authority; Bingão do Brasil has not begun commercial operations.
Boa Lion’s expansion depends on competition approval, while the acquired developer has not begun commercial operations.