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MGM To Buy Online Casino Competitor

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MGM To Buy Online Casino Competitor
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MGM Resorts International announced today that it's buying LeoVegas for $607 million. Ontario expanded its iGaming marketplace to include private operators less than a month ago. On Launch Day, BetMgm, Leovega and Royal Panda were among 13 private operator going live.

MGM wants to buy LeoVegas, an online casino competitor. MGM owns BetMgm with Isle of Man-headquartered Entain. Leovega had a presence in Ontario before Launch Day. Leo vegass stock skyrocketed by nearly 43% today. BetmGM has been competing with 31 AGCO-approved online gambling operators since the expanded market launched on April 4.

MGM didn't mention Canada or Ontario in today's announcement.

MGM is interested in owning online gambling operations outside of North America.

MGM To Buy Online Casino Competitor LeoVegas. Leovegases is a leading global online gaming company with licenses in eight jurisdictions.

MGM is buying an online casino competitor.

MGM Resorts is expanding internationally with the acquisition of LeoVegas.

MGM Resorts is buying LeoVegas in Europe. It will expand its online gaming presence globally. It is the latest in a series of successful investments in gaming entertainment.

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