The offer has been recommended for approval by LeoVegas’ board of directors, which had been engaged with advisors on a potential sale of the company and held discussions with other interested parties, according to a board statement.Īn initial offer was made by MGM in February and then renegotiated “to a price level other interested parties could not match,” LeoVegas’ board said. “We believe that this offer creates a compelling opportunity that allows the combined teams of MGM Resorts and LeoVegas to accelerate our global digital gaming growth and fully realize the potential of our omnichannel strategy.” “We have achieved remarkable success with BetMGM in the U.S., and with the acquisition of LeoVegas in Europe we will expand our online gaming presence globally,” MGM CEO Bill Hornbuckle said. In a statement, MGM said its offer of SEK61.00 per share would be funded with existing cash and “provide a unique opportunity for the company to create a scaled global online gaming business.” Let us be your ultimate guide on the journey through every twist and turn of the cricket season.Nevada’s MGM Resorts International has agreed to acquire Swedish online casino operator LeoVegas for around $607m in cash, the companies announced early on Monday morning. Whether you enjoy Test matches, high-octane T20 leagues, or anything in between, bookmark us now as your daily resource for match previews, projections and reviews. Our accuracy and thorough match recaps demonstrate why fans trust us to provide the best match predictions today. Start your days by checking our analysis on exciting upcoming contests and cricket prediction on likely outcomes.

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