Monday, June 24, 2024 MGM Resorts ‘ LeoVegas buys Tipico’s U.S. sportsbook & casino tech to expand globally.
MGM Resorts International (Ticker: MGM), known as MGM Resorts, today unveiled that its LeoVegas Group division has agreed to purchase the sportsbook and online casino technology from Tipico Group Ltd. This marks LeoVegas’ second significant investment, following their 2023 acquisition of gaming company Push Gaming. The deal enhances LeoVegas’ capability to manage an integrated sportsbook tailored for the global market, excluding areas covered by the BetMGM joint venture.
This initiative is aimed at delivering a streamlined and efficient user interface, offering premium quality, competitive pricing, and superior functionality. Ahead of the deal’s finalization, Tipico is set to cease its operations in the U.S.
In this strategic move, LeoVegas will also integrate key U.S.-based personnel from Tipico, including management, technology, and trading staff from locations across the U.
S., Colombia, and Europe. “The acquisition of Tipico’s award winning U.
S. platform marks a significant milestone in the strategic development of MGM Resorts’ global digital gaming business, allowing us to operate a proprietary sports betting platform,” said Gary Fritz, President , MGM Resorts International Interactive, “This acquisition gives us control of our entire technology ecosystem, and we are delighted to bring Tipico’s U.S.
team, with their track record of developing .
