Tipico Announces Sale of US Sportsbook to LeoVegas

London – June 24, 2024 – Cooley advised Tipico Group, a top global sports betting company offering cutting-edge digital and mobile betting entertainment, on the UK aspects of its agreement with LeoVegas Group, a subsidiary of MGM Resorts International, in which LeoVegas will acquire the product and technology platform of Tipico’s US sportsbook and online casino. As part of the transaction, LeoVegas will acquire certain of Tipico’s US-facing management, technology and trading teams across the US, Colombia and Europe. The parties involved expect to complete the transaction, subject to customary closing conditions, in the third quarter of 2024.

Lawyers Justin Stock, Chris Coulter, Joe Claffey and Chris Chynoweth led the Cooley team advising Tipico.

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