July 30, 2018 / 6:27 AM / 5 months ago

GVC, MGM Resorts to jointly set up online betting platform in U.S.

July 30 (Reuters) - GVC Holdings Plc has agreed on a joint venture with MGM Resorts International to set up an online betting platform in the United States, the British betting group said on Monday.

Both companies will initially invest $100 million each, said GVC, which owns the Coral, Ladbrokes and Sportingbet brands.

Reporting by Sangameswaran S in Bengaluru; Editing by Amrutha Gayathri

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