MGM Resorts International (MGM) said on Monday that its subsidiary, LeoVegas Group, has inked a deal to acquire the product and technology platform constituting the U.S sportsbook and online casino of Tipico Group Ltd.
The financial terms of the transaction, to be closed in the third quarter, are not known.
The acquisition will support LeoVegas to operate a purpose-built proprietary sportsbook across all international markets and brands, with the exception of those exclusive to the BetMGM JV.
As part of the transaction, LeoVegas will acquire certain of Tipico's U.S. facing management, technology and trading teams across the U.S., Colombia, and Europe.
Tipico will wind down its U.S. operations prior to the closing of the acquisition.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.