Ladbrokes owner close to agreeing $200m deal with MGM Resorts

GVC Holdings in talks over joint venture to gain access to US sports betting market

The UK owner of bookmakers Ladbrokes and Coral is likely to seal a $200m (£153m) tie-up with the world’s biggest casino operator this week, to catapult it into the lucrative, newly liberalised US sports betting market.

The FTSE-listed gambling group GVC Holdings confirmed on Sunday it was in advanced talks to form a joint venture with MGM Resorts, giving both partners a foothold in what is forecast to grow into a multibillion-dollar sector.

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from US news | The Guardian https://ift.tt/2K6scfI