MGM Resorts proposed acquisition of LeoVegas Group given green light
By Simon Wright Aug 22, 2022
The US based gaming giant MGM Resorts on Friday just gone, announced to their shareholders that they have received government clearance to go ahead with their offer to acquire the LeoVegas Group, which was first publicised back at the beginning of May this year, with the offer document being published on 2nd June 2022.
The Swedish based LeoVegas Group operate well known brands in addition to their flagship LeoVegas operation, with the likes of Royal Panda, BetUK and Expekt being part of their growing number of brands.
The LeoVegas board back in May recommended the $607m offer from MGM Resorts subsidiary MGM Casino Next Lion, LLC, and now MGM Resorts have received the necessary regulatory and government approvals for their bid, shareholders of LeoVegas Group have until 30th August 2022 to accept their offer.
With all being well and good, MGM Resorts hope to complete the acquisition of the LeoVegas Group on the 7th September next month.