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Boa Lion seeks to acquire Bingão do Brasil pending CADE approval

Deals & M&A

Boa Lion, the Brazil-focused joint venture of MGM Resorts International and Grupo Globo, reportedly agreed to acquire all of bingo developer Bingão do Brasil from L.Eva Participações and other investors. The financial terms were not disclosed, and the transaction still requires approval from Brazil’s competition authority, CADE.

The proposed acquisition could expand Boa Lion’s Brazilian bingo business, subject to competition approval.

End-of-day close MGM Resorts (MGM), USD, to 24 July 2026
Story date27 April 202624 July 2026

Latest reported results

MGM Resorts NYSE: MGM

Quarter ended 30 September 2026

Revenue
USD 4.21bn10-Q filing 0000789570-26-000107
Operating income
USD 118.7m10-Q filing 0000789570-26-000107

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Deals & M&A

CreditSights flags MGM China event risk if MGM Resorts changes control

CreditSights said MGM China could face event risk if parent MGM Resorts International changes ownership, while describing takeover overhang as less acute. MGM Resorts owns 56% of MGM China, and the companies are not currently in transaction talks, according to the report.

CreditSights noted that MGM China may face "event risk" should control of its Las Vegas-based parent change hands. The firm described takeover overhang risk as "less acute," yet said the revised voting agreement with Diller suggests MGM Resorts might be open to a future sale.

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