US Regulated sports betting has been very, very good to BetMGM. So good, in fact, that the company is raising its 2022 revenue forecast from $1 billion to $1.3 billion. And company officials are just as bullish on the prospects of 2023's revenue numbers being even better than 2022's. BetMGM, a joint venture of MGM…
Officials at MGM Resorts are ready to fight tooth and nail in an effort to prevent DraftKings from purchasing Entain, the company that’s currently running MGM’s sports betting arm - BetMGM. MGM Resorts made that sentiment very clear in a tersely-worded press release that’s adding some interesting wrinkles to one of the biggest gaming industry…
DraftKings, one of the biggest names in regulated US sports betting, is making a move to purchase one its biggest rivals in a deal that could be worth something north of $20 billion (USD). The offer, which was confirmed by officials at Entain, could mostly be viewed as a major move on the US market…
BetMGM is making a move to grab valuable regulated sports betting market share in Puerto Rico as it teams with Casino Del Mar at La Concha Resort for its first partnership outside the Continental United States. The proposed new operation, which is subject to regulatory approval, will include both retail and mobile sports betting operations.…
In the Wild West atmosphere of the wide open US regulated sports betting market, customer acquisition is the prize that every operator is chasing. With nearly every American consumer on the line, there's not a corner of the country where sports betting operators aren't willing to go to grab them. That's why a recent announcement…
MGM Resorts reported an astonishing 53 percent revenue drop in Q4 2020 over Q4 2019 in a recent earnings report. It's another mind-bending number from a year that didn't ease up on the pain even for a moment. But company officials are betting on their sports betting division, BetMGM to save the day and bring…
BetMGM added another impressive piece to its collection of official partners after inking a deal to be the official sports betting partner of the Las Vegas Raiders. It's a big win for the sportsbook as it battles fiercely for its share of the burgeoning US sports betting market. Under the terms of the deal, BetMGM…
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