MGM venture signs sports betting deal in California
The joint venture between MGM and GVC has signed its first agreement with a tribal gaming partner.
US.- MGM-GVC Interactive, the joint venture owned by MGM Resorts International and GVC Holdings, has announced that it’s partnered with the United Auburn Indian Community (UAIC). The agreement follows the decision by the US Supreme Court to overturn the act that prevented states from offering sports betting.
The agreement establishes that MGM-GVC would provide their brands and proprietary technology to enable UAIC to offer retail and mobile sports betting, as well as online casino and poker if they end up being permitted under Californian laws.
As the operator of Thunder Valley Casino Resort, UAIC represents an ideal initial partner for MGM-GVC in California, providing access to the US’ largest state by population, if and when state law permits sports betting.
Gene Whitehouse, Chairman of UAIC, said: “It is not yet clear if California will authorize sports betting or interactive games generally, but with the overturn of PASPA possibly opening the door for sports betting, our Tribe wants to be well-situated, and this agreement with the national leader in the field does just that.”
