MGM Casino Next Lion, LLC, a wholly owned indirect subsidiary of MGM Resorts International, announced a recommended public offer to the shareholders of LeoVegas to tender all their shares in LeoVegas to MGM at a price of SEK 61 in cash per share.

The completion of the offer is subject to the conditions stated in the Offer Document, including the receipt of all regulatory, governmental or similar clearances, approvals and decisions that are necessary to complete the transaction.

MGM has received all relevant approvals. Therefore, the condition regarding the receipt of all necessary regulatory, governmental or similar clearances, approvals and decisions is fulfilled.

All other conditions specified in the Offer Document, including conditions for completion of the Offer, still apply.

As previously announced, the acceptance period for the Offer expires on 30 August 2022. Settlement for shares tendered in the Offer will take place as soon as MGM announces that the conditions for the Offer are fulfilled or if MGM otherwise decides to complete the Offer. Provided that such announcement is made no later than on 31 August 2022, settlement is expected to be initiated on or around 7 September 2022.