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It was announced today that MGM Resorts subsidiary LeoVegas Group will be acquiring Tipico. This move is hardly surprising as Tipico has struggled to grow and find a US-based audience. Only operating in 4 states, Colorado, Iowa, New Jersey, and Ohio, their success has been marginal. With earlier reports Fanatics may acquire Tipico back in 2022, but ultimately chose not to.

Gary Fritz, president of MGM Resorts International Interactive had this to say about the acquisition, “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,” Fritz continues, “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 high quality product and pricing capabilities, into our business.”

With the acquisition expected to be completed in the third quarter of 2024, Tipico is expected to shut down its US-based operations. This move will allow MGM to advance its sportsbook offering a purpose-built sportsbook for all of its international properties.

LeoVegas CEO Gustaf Hagman provided this quote regarding the acquisition, “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 U.S. business into the LeoVegas Group very soon.”

Mitchell Lebrun

Mitchell Lebrun is the head of content at EatWatchGamble, working directly with our team of writers to ensure EWG is the ultimate casino resource. Mitchell is an Oregon State grad and avid NBA fan.

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