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 sports betting, as well as [...]
