Tag Archives: LeoVegas
LeoVegas to buy US sportsbook assets from Tipico
MGM Resorts’ subsidiary, LeoVegas has entered into an agreement to acquire the product and technology platform constituting the US sportsbook and online casino from Tipico Group. This acquisition is the second major investment by LeoVegas, following the acquisition of game developer Push Gaming in 2023. The acquisition will allow LeoVegas to operate a purpose-built proprietary…
Japan – LeoVegas creates headache for MGM in Osaka
Polls in Japan show local public support gaining momentum behind MGM’s Osaka Integrated Resort (according to a poll targeted at 6,190 locals in April, 53 per cent stating that they supported an IR with 45 per cent opposing it), though external opposition to the development continues to make headlines. Most recently, the Association for Considering…
UK – MGM Resorts’ subsidiary LeoVegas to buy Push Gaming
MGM Resorts International has announced that its wholly owned subsidiary, LeoVegas, has entered into an agreement to acquire the majority of game developer Push Gaming Holding Limited and its subsidiaries, and the future operating commitment of the founding management team. Push Gaming is an industry-leading innovative creator of highly entertaining digital games for betting and gaming…
Germany – LeoVegas licensed for Germany
In early March 2023, LeoVegas Group announced that the entity LVSports Limited had received a new gaming license from the German Federal States’ Joint Gambling Authority (GGL), allowing the Group to market and offer virtual slot machines throughout all 16 German states. Germany is known to be one of the largest igaming markets in Europe, and this new license provides a significant opportunity…
Italy – LeoVegas teams up with Inter Milan
LeoVegas has entered a new global partnership with Serie A team FC Internazionale Milano for the 2022/2023 season. The LeoVegas brand will benefit from increased visibility through, for instance, virtual advertising on their sideline boards during matches in Europe and the Americas. By increasing brand presence in several continents, the partnership deal will strengthen the…
US – MGM Resorts completes $604m LeoVegas purchase
MGM Resorts’s public tender offer for the shares of LeoVegas has been accepted by 96 per cent of LeoVegas shareholders at a price of SEK 61.00 in cash per share, equivalent to a total tender value of approximately $604m. MGM Resorts believes the acquisition will provide a unique opportunity for the company to create a…
UK – Gambling Commission fines LeoVegas £1.32m
Gambling operator LeoVegas will pay a £1.32m penalty for social responsibility and anti-money laundering failures. The operator, which runs leovegas.com, slotboss.co.uk, pinkcasino.co.uk, betuk.com and 21.co.uk – will also receive an official warning and undergo an audit to ensure it is effectively implementing its anti-money laundering and social responsibility policies, procedures and controls. Leanne Oxley, Gambling…
US – LeoVegas debuts BTG’s Vegas Megaways slot
Vegas Megaways, the newest slot from Big Time Gaming, has gone live exclusively at Leo Vegas before its general release later this month. Bathed in the glow of neon lights, Vegas Megaways evokes the atmosphere of a VIP room in a luxurious Strip resort. The slot is packed with bonus features and BTG’s game mechanics…
Sweden – MGM Resorts makes bid to buy LeoVegas
MGM Resorts International announced that it has commenced a recommended public tender offer for 100% of the shares of LeoVegas AB at a price of SEK 61.00 in cash per share, equivalent to a total tender value of approximately $607m. The acquisition will be financed with existing cash and is expected to be accretive to MGM Resorts’…