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LeoVegas agrees to acquire Tipico’s US sportsbook and casino platform

Deals & M&A

MGM Resorts said on 24 June 2024 that its subsidiary LeoVegas had agreed to buy Tipico Group’s US sportsbook and online casino product and technology platform. Tipico will wind down its US operations before closing, while LeoVegas will take on some management, technology and trading staff across the US, Colombia and Europe.

The agreement would give LeoVegas control of a sportsbook platform and add Tipico teams to its business.

End-of-day close MGM Resorts (MGM), USD, to 8 August 2024
Story date10 May 20248 August 2024

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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