MGM Resorts International has announced that it has now received all the required regulatory approvals allowing the company to move forward with its proposed takeover of Swedish iGaming company LeoVegas.
MGM Resorts Receives Regulatory Approval to Push Ahead with LeoVegas Takeover in a deal that is expected to be worth in the region of €575 million. At the time, the deal offered a 44.1% premium on LeoVegas’ most recent closing price of SEK 42.32. According to a press release issued in relation to the offer, the LeoVegas board unanimously recommended acceptance of the offer subject to regulatory approvals. MGM Resorts Receives Regulatory Approval to Push Ahead with LeoVegas Takeover MGM Resorts Receives Regulatory Approval to Push Ahead with LeoVegas Takeover by the UK Gambling Commission for the second time in four years. The UKGC issued a fine of £1.32 million (€1.57 million) for social responsibility and anti-money laundering failures.
Thomas Nielsen
Gambling industry journalist with a background in online poker and trading. Covering the regulated U.S Sports industry and the exciting world of online poker.