LeoVegas Purchases Tipico's US Platform

MGM Resorts subsidiary LeoVegas has announced that they've come to terms with Tipico Group in a deal that will see the former purchasing the latter's online casino and sportsbetting platforms for the US market.

The purchase will see LeoVegas leveraging the Tipico product to develop and launch a sportsbook across a series of markets where the BetMGM product isn't currently active. The purchase price of the agreement wasn't made publicly available, but the deal is subject to regulatory approvals in the various markets in which Tipico and LeoVegas operate.

The purchase will see Tipico closing its US business, with LeoVegas working to implement some of Tipcio's staff.

Commenting on the agreement, LeoVegas CEO Gustaf Hagman said: "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."

Casino Listings News will update readers as the transaction process plays out.

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About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.

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