MGM Clears Regulatory Hurdles To Pursue Online Casino LeoVegas Lou De Aguila 31. August 2022 | UPDATED ON: 31. August 2022 Post Views: 54 -The acquisition of online casino LeoVegas is nearing completion. -The casino, sports betting, and hotel & resorts conglomerate MGM Resorts have obtained all regulatory, government, and other clearances, approvals, and determinations. -The casino and entertainment operators unveiled their €575 million transaction at the beginning of May 2022 with an offer of a 44.1% premium over the group’s closing price of SEK 42.32. A Great Casino for US Players Our Rating Welcome Package of Up To $12,250 Lots of Payment Options including Bitcoin Great Slot Selection From Top Providers Excellent 24/7 Support CLAIM YOUR BONUS NOW LeoVegas to Develop Global Online Gambling Operations The casino and entertainment operators unveiled their €575 million transaction at the beginning of May 2022 with an offer of a 44.1% premium over the group’s closing price of SEK 42.32. At the time, the possible acquisition was lauded as “a rare chance for the corporation to develop a scaled global online gambling operation,” with MGM announcing a desire to extend its online gaming footprint in Europe earlier this month. The consummation of the offer is contingent on the conditions outlined in the offer agreement, including the receipt of any regulatory, governmental, or equivalent clearances, approvals, and determinations required to execute the transaction. MGM has obtained all applicable permissions. Consequently, the requirement on the receipt of all required regulatory, government, and similar clearances, approvals, and decisions has been met. Accelerating Product Expansion and Offering in US Market The US operator has previously underlined three main advantages of the purchase of the Stockholm-based online casino and sports betting operator. The first of these benefits is the availability of strategic potential to accelerate expansion and product offerings outside the United States. In addition, MGM would receive an experienced online gaming management team, better technological capabilities, and a promise to ongoing profitable expansion, considering that it has been profitable since 2014. The offer acceptance time closes on August 30, 2022, as originally reported,” the statement says. “Shares tendered in the offer will be settled as soon as MGM declares that the offer’s requirements have been met, or if MGM chooses otherwise to complete the offer. Assuming the announcement is made no later than 31 August 2022, settlement is anticipated to commence on or around 7 September 2022.” A Great Casino for US Players Our Rating Welcome Package of Up To $12,250 Lots of Payment Options including Bitcoin Great Slot Selection From Top Providers Excellent 24/7 Support CLAIM YOUR BONUS NOW About Lou De Aguila Lou Aguila is a news and feature writer for Golden Casino News. For over a decade, Lou has published news and featured articles for some of the most reputable sports betting and online casino sites in the world, including BetNow.UK, VegasOdds, and BWin. Apart from being a hardcore live casino punter, he also covers sports stories in North American leagues from time to time. View all posts by Lou De Aguila →