In a significant move for the sports betting and online casino industry, Tipico US has announced an agreement to sell its assets to LeoVegas Group, a subsidiary of MGM Resorts International.
This acquisition marks a major milestone in the growth and expansion of both entities, promising an enhanced betting experience for users. As Tipico transitions its operations, here’s what you need to know and how it might impact top-rated sportsbooks.
Tipico Called It “A Journey of Innovation and Growth”
In a press release to its users, Tipico stated that “over the past four years, the company has been dedicated to building a market-leading sports betting platform. Recognized as the #1 casino by Eilers & Krejcik Gaming, Tipico’s commitment to innovation and customer experience has set it apart in a competitive market.
Despite the challenges of being a small startup, the company has managed to grow and continually improve its technology, ensuring a world-class experience for its users. The acquisition by LeoVegas Group is a testament to Tipico’s success and its potential to reach even more bettors.”
Transition Plan: What This Means for Tipico Users
As Tipico transitions its operations to LeoVegas Group, the company is focused on ensuring a smooth process for all its users. Here are the key changes and how they will impact its users:
Sports Betting Will Be Turned Off
Starting June 26th, Tipico will no longer accept new deposits, wagers, or registrations. This marks the beginning of the transition phase, and users are encouraged to adjust their betting activities accordingly.
Users Advised to Withdraw Outstanding Bets
For users with outstanding bets, Tipico advises logging in to withdraw any excess funds or cash out open bets. The company will provide specific details on how future wagers that settle beyond the transition date will be handled, ensuring transparency and ease for all bettors.
Account Balances Can Be Withdrawn
Withdrawals can be made through the application menu under “My Wallet”. Users can continue to access their accounts to withdraw any remaining funds for the next few months. Tipico will communicate a closing date soon, and for any remaining funds, the company plans to issue refund checks. To facilitate this, users should ensure their contact information is up to date in the app.
Promotions Will No Longer Be Offered
Active campaigns, including Tipico Rewards, will be shut down soon. Users with active bonuses are encouraged to finalize missions or use rewards now. All active promotions will be canceled on June 28th, marking the end of Tipico’s promotional activities.
Tipico Hoping To Make the Transition Seamless
Tipico’s primary goal during this transition, according to the release, is to ensure a seamless experience for its users. The company says it is committed to keeping users informed about changes and providing clear instructions on how to manage their accounts and funds. This transition to LeoVegas Group is poised to bring enhanced features and a broader reach. This will benefit both current and future users.
Looking Ahead to the LeoVegas Group Takeover
The acquisition by LeoVegas Group is a promising development for Tipico and its users. As part of MGM Resorts International, LeoVegas brings a wealth of experience and resources to the table. It promises to elevate the betting experience to new heights. Tipico’s journey of innovation and growth has laid a strong foundation. The future looks bright as it becomes part of a larger, more robust entity.
While change can often bring uncertainty, Tipico’s clear communication and commitment to its users aim to make this transition as smooth as possible. The future of sports betting and online casino gaming with LeoVegas Group promises exciting advancements and an enriched user experience. Stay tuned for more updates as this transition unfolds.
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