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In April, rumors serviced that Tipico\u2019s US assets were for sale and that MGM was evaluating an offer. It remains to be seen if CVC looks to sell the remainder of Tipico, as there was speculation earlier this year that it was considering selling the gaming company in its entirety.<\/p>\n<\/div>\n
CVC has been the majority investor in Tipico for eight years. It\u2019s rumored the private equity shop valued all of Tipico at $3.75 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"
MGM Resorts International (NYSE: MGM) announced that it’s acquiring the US iGaming and sportsbook operations of Tipico Group. Financial terms of the transaction weren\u2019t revealed. The Las Vegas-based casino giant said its LeoVegas Group unit is the entity acquiring the aforementioned Tipico assets. MGM acquired LeoVegas in 2022 for more than $600 million. This acquisition […]<\/p>\n","protected":false},"author":46,"featured_media":218630,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,19,32093,1074,16693],"tags":[81903,81966,80968,82041],"acf":[],"yoast_head":"\n
MGM Acquiring Tipico US Sportsbook Operations<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n