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Monday, July 30, 2018

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GVC Holdings in talks over joint venture to gain access to US sports betting market

The UK owner of bookmakers Ladbrokes and Coral is likely to seal a $200m (£153m) tie-up with the world’s biggest casino operator this week, to catapult it into the lucrative, newly liberalised US sports betting market.

The FTSE-listed gambling group GVC Holdings confirmed on Sunday it was in advanced talks to form a joint venture with MGM Resorts, giving both partners a foothold in what is forecast to grow into a multibillion-dollar sector.

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from US news | The Guardian https://ift.tt/2K6scfI

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