Mgm resorts international, grupo globo form new venture seeking sports betting & igaming license in brazil

Strategic alliance pairs mgm resorts' gaming expertise with grupo globo's superior reach and consumer knowledge in the brazilian market las vegas , aug. 15, 2024 /prnewswire/ -- mgm resorts international (nyse: mgm) ("mgm resorts" or the "company") and grupo globo, latin america's largest media group, today announced the formation of a new venture to seek a sports betting and igaming license in brazil. if its license is approved later this year, the new venture will launch in brazil in early 2025 under the betmgm brand, bringing a responsible, best-in-class betting platform to one of the newest and fastest-growing regulated markets in the world.
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