LeoVegas elects new board ahead of MGM acquisition

LeoVegas elects new board ahead of MGM acquisition

Article brief provided by iGaming Business
  • Robert Fletcher, iGaming Business
October 2, 2022 5:13 PM

Online gambling operator LeoVegas has elected a new, three-member board ahead of its pending acquisition by MGM Resorts International.

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The board will include current LeoVegas chief executive Gustaf Hagman, MGM Resorts CEO William Hornbuckle and Gary Fritz, head of gaming at IAC, a major shareholder in LeoVegas. LeoVegas also confirmed that Fritz will serve as chairman of the new-look board.

The board will remain in place until the end of the operator’s next annual general meeting, with no remuneration to be paid to the directors.

Earlier this month, MGM Resorts’ offer for LeoVegas was accepted by a total of 98.07% of shareholders in the online operator, with the acquisition expected to conclude in the near future.