Report: Tipico considering sale of U.S. sports betting platform

Report: Tipico considering sale of U.S. sports betting platform

Article brief provided by Sports Handle
  • Matt Rybaltowski, Sports Handle
April 30, 2024 8:11 PM
  • Matt Rybaltowski, Sports Handle

On the eve of earnings season for leading companies in the U.S. sports betting space, Tipico garnered headlines with merger speculation at the start of this week.

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Malta-headquartered Tipico is strongly considering a sale of its U.S. platform, newsletter Earnings + More reported Monday. If Tipico consummates the sale, MGM Resorts has emerged as a potential buyer, E+M reported, citing multiple sources. Tipico is currently live with online sports betting in four states: New Jersey, Iowa, Colorado, and Ohio.

The merger speculation is not the first time Tipico has been linked with a sports betting behemoth in recent years. In June 2022, Fanatics reportedly entered into negotiations with Tipico on a potential acquisition.