MGM Resorts (MGM) to Acquire Tipico's U.S. Sportsbook Platform [Yahoo! Finance]
MGM Resorts International (MGM)
Last mgm resorts international earnings: 4/30 04:15 pm
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Source: Yahoo! Finance
Subject to customary closing conditions, this transaction is expected to close in the third quarter of 2024. This acquisition will help LeoVegas operate a purpose-built proprietary sportsbook across all international markets and brands, except those exclusive to the BetMGM JV. This strategic move will ensure LeoVegas offers a top-tier product with favorable pricing and functionality that enhances the consumer experience. Furthermore, as part of the acquisition, LeoVegas will acquire a few of Tipico's U.S.-facing management, technology, and trading teams across the United States, Colombia, and Europe. MGM Resorts believes this buyout marks a milestone in enhancing its global digital gaming business. It also positions LeoVegas to offer an exceptional iGaming experience to customers across all its markets and brands. Growth Drivers of MGM MGM Resorts, one of the leading companies in the gaming and lodging industry, is well-poised to grow on high brand awareness. Considering its
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MGM
Earnings
- 5/1/24 - Beat
MGM
Sec Filings
- 6/26/24 - Form 8-K
- 6/14/24 - Form 4
- 6/13/24 - Form 144
- MGM's page on the SEC website