MGM Resorts Nears Acquisition of Tipico’s U.S. Sports Betting Operations
Tipico is reportedly on the brink of selling its U.S.-oriented sports betting platform. That development would separate Tipico’s U.S. operations from its European base in Malta.
Potential New Ownership
Industry insiders suggest that MGM Resorts may soon acquire the Tipico Sportsbook platform.
The acquisition would enable MGM to internalize operations for its LeoVegas sportsbook, which currently relies on technology from Kambi.
Such a move could streamline operations and reduce dependency on external platforms, enhancing MGM’s control over its sports betting offerings.
Previous Acquisition Talks and Company Valuation
The notion of selling Tipico’s sportsbook is not new; similar discussions surfaced in June 2022 with Fanatics, a sports merchandise giant.
While those talks did not culminate in a sale, the current discussions appear more promising with an imminent deal reportedly close to finalization.
Tipico, owned by the private equity firm CVC, is reportedly valued at over €3.5 billion, reflecting its footprint in the global gaming market.
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