BRANDL TALOS advises Tipico on Sale of U.S. Sportsbook and Online Casino Platform to MGM Resorts International

Press release • Corporate Law & Transactions from Thomas Talos, Stephan Strass, Daniel Habich

Tipico entered into an agreement to sell its U.S. sportsbook and casino platform to LeoVegas group, a subsidiary of MGM Resorts International (NYSE: MGM).

BRANDL TALOS advised Tipico Group Ltd., one of the leading sports betting providers, on the sale of its U.S. sportsbook and online casino platform to LeoVegas Group, a subsidiary of MGM Resorts International (NYSE: MGM).

This multi-jurisdictional deal includes the acquisition of key management, technology and trading teams across the U.S., Colombia and Europe. The transaction is subject to regulatory and customary approvals and is expected to complete in Q3/2024.

The BT deal team consisted of Thomas Talos, Stephan Strass and Daniel Habich. Cooley LLP (Justin Stock, Chris Coulter, Joeseph K Claffey) advised Tipico on UK law aspects of the transaction. MGM Resorts International was advised by Wilson Sonsini Goodrich & Rosati (Jackie Hamilton, Chris Paniewski). Moelis & Company acted as exclusive financial advisor to Tipico Group Ltd. on this transaction.

The team

Thomas Talos

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Partner / Capital Markets, Corporate Law & Transactions, Gaming & Entertainment

Thomas founded the firm in 2000 together with Ernst Brandl. He is co-publisher of the commentary on the EU Merger Act and (co-)author of numerous publications.

University of Vienna, Faculty of Law (Mag. iur. 1991, Dr. iur. 1994)
University of Virginia, School of Law (LL.M. 1994)

Stephan Strass

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Partner / Venture Capital & Start Ups, Corporate Law & Transactions, BioTech & Lifescience

Stephan advises innovative start-ups, institutional and strategic investors and other companies on acquisitions, financing rounds, joint ventures and exit transactions with a focus on highly regulated industries such as life sciences, biotech and leisure & entertainment. He further specializes in commercial transactions in the life science and biotech sector, including university spin-offs, strategic collaborations, patent and technology license agreements and IP purchase transactions.

He has co-authored commentaries on the EU Merger Act and the Investment Fund Act, and is the author of many academic publications.

University of Vienna, Faculty of Law (Mag. iur. 2015)
Harvard Law School, Master of Laws (LL.M. 2019)

Daniel Habich

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Associate / Venture Capital & Start Ups, Corporate Law & Transactions

Daniel is part of our team since 2022, at that time as research assistant. Since 2023 he has started working for us as associate.

Wirtschaftsuniversität Wien, Business Law (Master of Laws 2022)
Wirtschaftsuniversität Wien, Business Law (Bachelor of Laws 2020)

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