MGM Resorts wins regulatory approval for LeoVegas acquisition

MGM Resorts wins regulatory approval for LeoVegas acquisition

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  • Viktor Kimble, Covers
August 22, 2022 9:58 PM
  • Viktor Kimble, Covers

U.S. gaming giant MGM Resorts International announced on Monday that it has been granted all regulatory and government approvals needed to complete its acquisition of Swedish gaming company and online sports betting operator LeoVegas.

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“All other conditions specified in the Offer Document, including conditions for completion of the Offer, still apply,” MGM said in a press release. “As previously announced, the acceptance period for the Offer expires on 30 August 2022. Settlement for shares tendered in the Offer will take place as soon as MGM announces that the conditions for the Offer are fulfilled or if MGM otherwise decides to complete the Offer.”