M&A Deal Summary |
|
|---|---|
| Date | 2024-06-24 |
| Target | Tipico s U.S sportsbook and online casino |
| Sector | Gaming |
| Buyer(s) | MGM Resorts |
| Sellers(s) | Tipico |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1986 |
| Sector | Leisure |
| Employees | 58,000 |
| Revenue | 16.2B USD (2023) |
MGM Resorts owns and/or operates casino resorts. The company operates in two segments, Wholly Owned Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. MGM Resorts was founded in 1986 and is based in Las Vegas, Nevada.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector (Gaming) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Nevada) | 2 of 2 |
| Country (United States) | 3 of 3 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-12-20 |
Mirage
Las Vegas, Nevada, United States Mirage offers guests an exotic world-class destination unlike any other. The resort features contemporary accommodations; dynamic entertainment including The Beatles LOVE by Cirque du Soleil, Shin Lim: LIMITLESS and the Aces of Comedy series; tantalizing restaurants created by the world's most renowned chefs including Tom Colicchio, and a luxurious spa and salon. Mirage is based in Las Vegas, Nevada. |
Sell | $1.1B |
Tipico is a provider of sports betting company, that operates a digital multichannel offering with leading online and mobile portals, as well as more than 1,000 betting shops. As a premium brand, Tipico is able to offer a large range of bets while continuing to uphold the highest standards in customer service and consumer protection. Tipico was founded in 2004 and is based in St. Julian’s, Malta.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Gaming) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Nevada) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2024) | 1 of 1 |
