GVC Holdings

LAS VEGAS: MGM Resorts International and multinational sports betting and gaming group GVC Holdings Monday announced the establishment of a 50/50 joint venture to create a sports betting and online gaming platform in the United States.

The announcement of the joint venture, timed ahead of the upcoming professional football season, has the stated aim of leveraging the opportunities created by recent decision of the US Supreme Court overturning the federal Professional and Amateur Sports Protection Act, or PASPA.