On 2 May 2022, MGM Casino Next Lion, LLC (a subsidiary of MGM Resorts International) announced a recommended public offer to the shareholders of LeoVegas AB (publ). The value of the offer is approximately SEK 6 billion. Shareholders holding approximately 15.3 per cent of the shares in LeoVegas, including the company’s founders and CEO, have irrevocably undertaken to accept the offer.

Gernandt & Danielsson advises LeoVegas’ founders and CEO with a team consisting of partner Carl Westerberg and senior associate Daniel Sveen.