{"id":3575,"date":"2022-05-03T02:26:34","date_gmt":"2022-05-03T02:26:34","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2022\/05\/03\/leovegas-welcomes-mgms-607-takeover-bid\/"},"modified":"2022-05-03T02:26:34","modified_gmt":"2022-05-03T02:26:34","slug":"leovegas-welcomes-mgms-607-takeover-bid","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2022\/05\/03\/leovegas-welcomes-mgms-607-takeover-bid\/","title":{"rendered":"LeoVegas Welcomes MGM\u2019s $607 Takeover Bid"},"content":{"rendered":"<div>\n<p>American global hospitality and entertainment company, MGM Resorts International,\u00a0has made an offer to acquire online gaming operator\u00a0LeoVegas.<\/p>\n<p>In a bid the Nevada-based resort has made a public tender cash offer for 100% of the shares of the Swedish business at a price of SEK 61.00 in per share for a total tender value of approximately $607 million. The purchase will be made with cash on hand and is expected to be add to MGM Resorts\u2019 earnings and cash flow per share.<\/p>\n<p>MGM Resort has been persistent in strengthening its online and international presence strategy.\u00a0MGM Resorts\u2019 CEO &#038; President Bill Hornbuckle, said:<\/p>\n<blockquote>\n<p>\u201cOur vision is to be the world\u2019s premier gaming entertainment company, and this strategic opportunity with LeoVegas will allow us to continue to grow our reach throughout the world. We have achieved remarkable success with\u00a0BetMGM\u00a0in the U.S., and with the acquisition of LeoVegas in Europe we will expand our online gaming presence globally.\u201d<\/p>\n<\/blockquote>\n<p>Hornbuckle added:<\/p>\n<blockquote>\n<p>\u201cWe believe that this offer creates\u00a0a compelling opportunity that allows the combined teams of MGM Resorts and LeoVegas to accelerate our global digital gaming growth\u00a0and fully realize the potential of our omnichannel strategy. We look forward to being able to welcome the LeoVegas team to our MGM Resorts family.\u201d<\/p>\n<\/blockquote>\n<p class=\"amp-post-title\">At the recent 2022 Global Gaming Awards held at the Hippodrome Casino in London, LeoVegas was crowned <a href=\"https:\/\/igaming.org\/casino-news\/leovegas-crowned-online-casino-of-the-year-at-2022-global-gaming-awards\/\">\u201cOnline Casino of the Year\u201d<\/a>.\u00a0 It also recently <a href=\"https:\/\/igaming.org\/casino-news\/leovegas-group-invests-in-new-tech-hub-in-warsaw-poland\/\">opened a New Tech Hub in Warsaw Poland.<\/a><\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/casino-news\/leovegas-welcomes-betmgm-607-takeover-bid\/\">LeoVegas Welcomes MGM\u2019s $607 Takeover Bid<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>American global hospitality and entertainment company, MGM Resorts International,\u00a0has made an offer to acquire online gaming operator\u00a0LeoVegas. In a bid the Nevada-based resort has made a public tender cash offer for 100% of the shares of the Swedish business at a price of SEK 61.00 in per share for a total tender value of approximately [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-3575","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/3575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=3575"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/3575\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=3575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=3575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=3575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}