MGM Resorts International has moved to significantly bolster its offering through the acquisition of Tipico.
It marks the second major purchase by MGM’s LeoVegas brand, after the firm also landed a deal for Push Gaming recently.
The acquisition will enable LeoVegas to operate a purpose-built proprietary sportsbook across all international markets and brands, with the exception of those exclusive to the BetMGM JV.
Gary Fritz, President, MGM Resorts International Interactive, commented on the deal: “The acquisition of Tipico’s award winning US 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.
“This acquisition gives us control of our entire technology ecosystem, and we are delighted to bring Tipico’s US team, with their track record of developing high quality product and pricing capabilities, into our business.”
Prior to the acquisition, Tipico will wind down its US operation, as LeoVegas will acquire certain facets of Tipico’s management, technology and trading teams across the US, Colombia and Europe.
LeoVegas CEO Gustaf Hagman added: “By controlling our own sportsbook technology, we ensure that we will deliver the world’s greatest igaming experience to customers across all our markets and brands. Powering our strong brands with a competitive and innovative sports product will enable us to grow and strengthen our sportsbook offering in both new and existing markets. I look forward to welcoming the talented teams from Tipico’s US business into the LeoVegas Group very soon.”
MGM Resorts International also recently united with Playtech in a strategic partnership to elevate its offering through a unique live casino content to operators in the igaming industry.
The live casino content, branded as MGM Live, will be available for licensing in regulated markets worldwide, outside of the US and will be streamed from the floor of the casino in Vegas.
