In a major deal that is set to shake up the U.S. sports betting and online casino market, LeoVegas has announced its acquisition of Tipico’s U.S. operations. The deal, which is said to be worth upwards of $500 million, will see LeoVegas take control of Tipico’s sportsbook and online casino offerings in the United States.
LeoVegas, a leading online gambling company based in Sweden, has been rapidly expanding its presence in the U.S. market in recent years. The acquisition of Tipico’s U.S. operations is seen as a key move in solidifying LeoVegas’ position as a major player in the growing U.S. sports betting and online casino industry.
The deal will see LeoVegas take over all of Tipico’s U.S. assets, including its popular sportsbook and online casino platforms. This will give LeoVegas access to a wide range of new customers in key U.S. markets, including New Jersey, Pennsylvania, and Colorado.
Commenting on the acquisition, LeoVegas CEO Gustaf Hagman stated, “This is a significant milestone for LeoVegas as we continue to expand our presence in the U.S. market. The acquisition of Tipico’s U.S. operations will further strengthen our position in the U.S. sports betting and online casino industry and allow us to reach even more customers across the country.”
The news of the acquisition has already caused a stir in the industry, with many analysts predicting that LeoVegas will become a major player in the U.S. market in the coming years. The deal is also expected to have a significant impact on competition in the U.S. sports betting and online casino sector, with LeoVegas now poised to challenge other major players such as DraftKings and FanDuel.
Overall, the acquisition of Tipico’s U.S. operations by LeoVegas represents a major development in the U.S. sports betting and online casino market. With this deal, LeoVegas has firmly established itself as a key player in this rapidly growing industry and is poised to capitalize on the lucrative opportunities available in the U.S. market.