Tipico’s US Sportsbook and Casino Platforms Acquired by LeoVegas
MGM Resorts International’s LeoVegas Group has announced an agreement to acquire Tipico Group’s US sportsbook and online casino platforms.
LeoVegas to strengthen global presence with Tipico US acquisition.
LISTEN TO THIS ARTICLE:The deal includes the product and technology platform that supports Tipico’s US operations, though financial specifics remain undisclosed.
This acquisition allows LeoVegas to manage a custom-built proprietary sportsbook across international markets and brands, excluding those exclusive to the BetMGM joint venture with Entain. Additionally, LeoVegas will gain Tipico’s management, technology, and trading teams in the US, Colombia, and Europe.
Tipico will cease its US operations in Colorado, Iowa, New Jersey, and Ohio before the deal concludes, which is expected in the third quarter, pending standard closing conditions.
An Important Milestone for MGM
Gary Fritz, President of MGM Interactive, highlighted the strategic importance of the deal, emphasizing how it enables MGM Resorts International to have greater control over its technology ecosystem.
The acquisition marks a significant milestone in the strategic development of MGM Resorts’ global digital gaming business. It allows us to operate a proprietary sports betting platform. The deal gives us control of our entire technology ecosystem. We are delighted to bring Tipico’s US team, with their track record of developing high-quality product and pricing capabilities, into our business.
LeoVegas CEO Gustaf Hagman added that by controlling its own sportsbook technology, the company will be able to focus on delivering “the world’s greatest iGaming experience to customers across all our markets and brands.”
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New Leadership at Tipico
The announcement of the acquisition follows the appointment of Axel Hefer as Tipico Group CEO. Hefer, who previously served as COO, succeeds Joachim Baca, who is now chairman of Tipico’s supervisory board.
Hefer expressed his commitment to continuing Tipico’s success, saying, “In recent years, Tipico has evolved from a startup to the definitive market and technology leader in sports betting in Germany. I am eager to continue this success story with the Tipico team and the owners.”
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