The alliance of American football is no longer a thing but the MGM resorts wants more for its sports betting technology. Yet, the league is ready to surrender its intellectual property to MGM. Sad news for AAF, who invested millions on the funding of the in play sports betting app which never materialized.

But both of them reached a settlement. Under the proposed agreement, MGM will pay $125,000 for the AAF sports betting assets and reduce its total claim from $7 million to $5 million. It was the trustee Randolph Osherow who settled the agreement on Wednesday.

Back in September 2018, MGM invested around $7 million in the AAF, to protect itself from the lien against the assets. Both the parties entered into deals with many third parties regarding financing its operations, but now both entered bankruptcy.

The league did build an official app for real time player tracking. But they didn’t have enough time to mature the technology in it. Now they also plan on adding biometric data into that stream. Anyhow, the end goal of this app was to integrate betting and broadcasting within a single platform.

Even though the product was underwhelming, the former investor wanted to target the gambling technology, and he laid his claim. Recently Tom Dundon filed his own claim over the $70 million investment.

Over the time MGM, made a smart acquisition of the technology with $2.125 million. Even though the company offers online sports betting, like on sbobet, in both Nevada and New Jersey, it is ready to expand. Also, MGM partnered up with league level deals with NBS, MLB and NHL.

Scott Butera, the MGM executive made a statement about how the product wasn’t fully functional yet. He said- “What it will do, which is very important to us from a sports betting standpoint is it will allow almost immediate transmission of data and what’s going on in an event to your mobile device, which will allow us to have play-by-play gambling, which is non-existent today.”