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GVC Holdings and MGM Resorts want to conquer together the online gaming market in the United States. British and US casino companies to invest $ 100 million
As reported by Sky News MGM Resorts and GVC Holdings are on the point to announce partnership. Both parties must invest equal shares in the US online market
GVC Holdings has a diversified portfolio which includes partypoker Foxy Casino bwin Sportingbet Foxy Bingo and Ladbrokes Coral are and will provide software for MGM.
In mid-May, the US Supreme Court overturned the ban on sports betting. Now individual states are allowed to decide for themselves. Many will adopt the necessary laws
It is estimated that American bets oscillate between 70 and 150 billion dollars a year. Until now, mostly with illegal suppliers. In the sports betting sector, there is a gold-mining ambience.
In addition to sports betting, casino and poker games. Partypoker could celebrate a return to the US market. The poker room turned its back on the market following the adoption of the Gambling Law of 1945 (UIGEA).
The competition, however, does not sleep. In March, we reported that besides GVC, The Stars Group (TSG) and Paddy Power Betfair were among the new members of American Gaming Association (AGA ) and invest in lobbying.
Paddy Power Betfair recently took over FanDuel and thus already set foot on the market. The Stars Group (TSG) acquired Sky Betting & Gaming for $ 4.7 billion in April and has already entered into partnerships with casinos.
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