June 24 (Reuters) - MGM Resorts International ( MGM ):

* ANNOUNCES AGREEMENT TO ACQUIRE TIPICO'S U.S. SPORTSBOOK

* TIPICO'S U.S. OPERATIONS TO WIND DOWN PRE-ACQUISITION

* TIPICO WILL WIND DOWN ITS U.S. OPERATIONS PRIOR TO CLOSING

OF

ACQUISITION

* MGM'S BETMGM JV EXCLUDED FROM ACQUISITION DEAL

* MGM - LEOVEGAS WILL ACQUIRE CERTAIN OF TIPICO'S U.S.

FACING

MANAGEMENT, TECHNOLOGY AND TRADING TEAMS ACROSS U.S., COLOMBIA

AND EUROPE

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