03:23 AM EDT, 06/24/2024 (MT Newswires) -- MGM Resorts International ( MGM ) said Monday its LeoVegas subsidiary has agreed to acquire Tipico Group's US sportsbook and online casino.

Financial terms of the deal weren't disclosed.

As part of the transaction, LeoVegas will purchase certain of Tipico's US facing management, technology and trading teams across the US, Colombia and Europe. Tipico is expected to wind down its operations in the US before the completion of the deal.

The deal is anticipated to close in Q3.

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