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GVC and MGM create US powerhouse with new joint venture

30th July 2018 7:37 am GMT

Listed gaming operators GVC Holdings and MGM Resorts International have established a joint venture to capitalise on opportunities in the US sports betting and interactive gaming market.

The 50-50 joint venture between London-listed GVC and New York-listed MGM Resorts sees the two companies provide certain assets to the venture under a 25-year agreement, alongside a capital commitment of $100m each.

The JV will serve as the exclusive vehicle for all US land-based [...]

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