An agreement between GVC Holdings and MGM Resorts that could yield billions
Description
According to Guardian news , Ladbrokes / Coral and MGM Resorts are about to agree a $200 million deal on online gambling and sports betting in the United States. According to the companies, this 50/50 agreement could make it possible to take advantage of an extremely lucrative market, Sports Betting since the abrogation of the PASPA treaty. Between heavy goods, we understand each other! GVC Holdings is the firm that owns bookmakers Ladbrokes and Coral , Sports Betting two heavyweights in the UK market.
The latter has planned to partner with a giant land-based casino - MGM Resorts - to attack the sports betting market in the United States. This agreement can allow both to put a foot on a multi-billion dollar industry. As part of the deal, each firm would invest $100 million. MGM casinos in the United States could then benefit from Ladbrokes / Coral's sports betting and Sports Betting online gaming services.
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