MGM - MGM's LeoVegas Hits The Jackpot Acquires Tipico's U.S. Sportsbook And Online Casino | Benzinga
MGM Resorts International (NYSE:MGM) shares are trading slightly higher in premarket today.
The entertainment company announced that its subsidiary, LeoVegas Group, has agreed to acquire the U.S. sportsbook and online casino platform from Tipico Group Ltd.
This strategic move marks LeoVegas’ second major investment, following its acquisition of game developer Push Gaming in 2023.
The deal aims to enhance LeoVegas’ ability to operate a proprietary sportsbook globally, with the exception of the BetMGM joint venture.
Tipico will cease ...