M&A Deal Summary

MGM Resorts Acquires Tipico s U.S sportsbook and online casino

On June 24, 2024, MGM Resorts acquired gaming company Tipico s U.S sportsbook and online casino from Tipico

Acquisition Highlights
  • This is MGM Resorts’ 1st transaction in the Gaming sector.
  • This is MGM Resorts’ 3rd transaction in the United States.
  • This is MGM Resorts’ 2nd transaction in Nevada.

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

Target

Tipico s U.S sportsbook and online casino

Las Vegas, Nevada, United States
Tipico's U.S sportsbook and online casino operate a purpose-built proprietary sportsbook across all international markets and brands. Tipico's U.S sportsbook and online casino is based in Las Vegas, Nevada.

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Buyer(S) 1

Buyer

MGM Resorts

Las Vegas, Nevada, United States

website


Category Company
Founded 1986
Sector Leisure
Employees58,000
Revenue 16.2B USD (2023)
DESCRIPTION

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
PREVIOUS DEAL
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

Seller(S) 1

SELLER

Tipico

St. Julian’s, Malta

website


Category Company
Founded 2004
Sector Gaming
Employees6,000
DESCRIPTION

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