MGM-GVC JV announces first gaming deal
Joint venture to provide sports betting, gaming and poker services to California tribe, pending enabling legislation
The MGM-GVC joint venture has announced its first partnership through a provisional deal with California tribe, the United Auburn Indian Community (UAIC).
The deal will see MGM-GVC provide its brands and proprietary technology to enable UAIC to offer retail and mobile sports betting, online casino and poker should any of the verticals be permitted under state law.
“It is not yet clear if California will authorize sports betting or interactive games generally, but with the overturn of PASPA possibly opening the door for sports betting, our Tribe wants to be well-situated, and this agreement with the national leader in the field does just that,” said Gene Whitehouse, chairman of UAIC.
UAIC runs the Thunder Valley Casino Resort near Sacramento, which boasts more than 3,400 slot and video machines, 103 table games and a live poker room with space for 450 players.
“We greatly admire the success the UAIC has had with its Thunder Valley Casino Resort, and look forward to adding to that success,” said Adam Greenblatt, GVC director of corporate development and strategy. “The potential of this partnership is significant for MGM-GVC.”
It is the first major announcement for the JV since it was established and will also see UAIC potentially benefit from MGM’s recently-announced partnership with the NBA.