MGM Resorts International has retained TFA Capital Partners as part of a ramped-up effort to secure sports betting partnerships with Indian tribes nationwide.
Las Vegas-based MGM and its sports betting partner, Isle of Man-based multinational GVC Holdings, concluded its first tribal agreement in October—with Northern California’s United Auburn Indian Community—and is looking to expand its reach into Indian Country.
What MGM-GVC is offering is a turn-key solution that includes sports betting self-service kiosks, mobile capabilities, odds setting, trading and risk management services, marketing expertise and advice on everything from employee training to operational readiness.
TFA, with offices in Los Angeles and Charlotte, N.C., and investment banking relationships with gaming and non-gaming enterprises in Indian Country dating back to the mid-’90s, is seen as a key to the pitch.
“We are excited to bring TFA abroad as sports betting continues to roll out across the United States,” said Scott Butera, president of Interactive Gaming Sports for MGM. “Sports betting represents a significant opportunity for both the tribal nations and the MGM-GVC joint venture.”
