GVC Holdings confirms 50/50 joint venture in newly liberalised US sports betting market

The UK owner of bookmakers Ladbrokes and Coral has sealed a $200m (£153m) tie-up with the world’s biggest casino operator catapulting it into the lucrative, newly liberalised US sports betting market.

The FTSE-listed gambling group GVC Holdings confirmed on Monday the 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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