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resorts casino restaurants‘De-Risking’ the MarketWhile the biggest betting operators from the UK and Europe — names like William Hill, Paddy Power Betfair and Bet365 — have been busily forging deals as they seek to make inroads into the gradually emerging markets, Ladbrokes and GVC had been oddly quiet.“If the joint venture works, then it will de-risk access to the US sports-betting market for both parties.(Image: MGM Resorts International)GVC and MGM said in a joint press release they will build “a world-class sports betting and online gaming platform” which would have “meaningful early mover advantages., Allegheny), suggested recently that Pennsylvania’s operators are biding their time, and as soon as one casino takes the plunge, we’ll see a domino effect.“If the Sands in Allentown decides to do it, or the Rivers in Pittsburgh, or the SugarHouse in Philadelphia, then all of a sudden everyone will fall in line, and they’ll all want to be part of that,” he said.The two gambling giants will split ownership of the venture 50/50, each contributing 0 million.harrah s cherokee casino layout