LeoVegas completes acquisition of Tipico US

In a transaction overseen by LeoVegas AB, MGM Resorts has finalized the terms of acquiring Tipico US's technology platform.

In line with MGM's intentions to run a “purpose-built proprietary sportsbook across all international markets and brands,” the Tipico US technology platform and LeoVegas are set to merge this morning.

Through this acquisition, LeoVegas is making its second strategic investment to help MGM develop its new online gambling business, which will be run independently of the BetMGM joint venture and run in the US by Entain Plc.
 
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