Borgata

BetMGM Expands BetQL Network Relationship as the Presenting Sportsbook Partner

Retrieved on: 
Monday, June 27, 2022

BetMGM will become the exclusive sportsbook of the BetQL Network, Audacys network of sports betting content heard across its broadcast portfolio and digital platforms.

Key Points: 
  • BetMGM will become the exclusive sportsbook of the BetQL Network, Audacys network of sports betting content heard across its broadcast portfolio and digital platforms.
  • The partnership (The BetQL Network presented by BetMGM) is an exclusive multi-year agreement that significantly expands the current relationship between BetMGM and Audacy.
  • Barely a year old, the BetQL Network has a bright future ahead of it as legalized sports betting continues to expand over the next decade.
  • BetQL Networks weekly lineup will distribute approximately 100 hours of original content per week on the Audacy and BetQL digital platforms.

UNITE HERE Estimates $1 Million Dollar Losses per Day Possible for Both Caesars Entertainment and MGM Resorts International if Atlantic City Strike Occurs

Retrieved on: 
Monday, June 27, 2022

Today, UNITE HERE Local 54, the largest union of casino workers in Atlantic City, released estimates of potential financial impacts of a strike of its members.

Key Points: 
  • Today, UNITE HERE Local 54, the largest union of casino workers in Atlantic City, released estimates of potential financial impacts of a strike of its members.
  • Last year, approximately 15% of its third quarter profits were generated in the Atlantic City market, according to union estimates.
  • Workers at all three Caesars operated casinos Caesars Atlantic City, Harrahs Atlantic City, and Tropicana Atlantic City as well as Borgata and Hard Rock voted to authorize a strike with a 96% majority on June 15th.
  • UNITE HERE Local 54 Atlantic City has been representing hospitality workers in the hospitality industry for over 100 years.

BetMGM Announces Agreement with Sony Pictures Television, IGT to Launch Online Wheel of Fortune Casino

Retrieved on: 
Tuesday, June 21, 2022

JERSEY CITY, N.J. , June 21, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, announced today an agreement with Sony Pictures Television and International Game Technology PLC ("IGT") (NYSE: IGT) to launch Wheel of Fortune Casino, set to become the first full brand-led online casino in North America. Wheel of Fortune, an iconic American gameshow, is preparing for its milestone 40th season. More than 250 versions of Wheel of Fortune slot games have been introduced over the last 25 years and this online launch of Wheel of Fortune Casino will represent the latest gaming extension for the brand.

Key Points: 
  • "Wheel of Fortune is watched nightly by millions of people and BetMGM is honored to partner with Sony Pictures Television and IGT to bring this online casino experience to life," said Matt Prevost, Chief Revenue Officer, BetMGM.
  • Suzanne Prete, Executive Vice President of Game Shows, Sony Pictures Television, said, "We are delighted to be partnering with BetMGM for the launch of Wheel of Fortune's very first online casino.
  • Enrico Drago, CEO Digital & Betting, IGT, said, "We're excited to celebrate the evolution of the IGT Wheel of Fortune slot brand with BetMGM and Sony Pictures Television through the launch of Wheel of Fortune Casino.
  • Wheel of Fortune is produced by Sony Pictures Television, a Sony Pictures Entertainment Company.

BETMGM AND CARNIVAL CORPORATION PARTNER TO OFFER CRUISE SHIP GAMING

Retrieved on: 
Friday, June 17, 2022

JERSEY CITY, N.J., June 17, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, announced today a new partnership with Carnival Corporation to deliver world-class retail and mobile sports betting and iGaming experiences to cruise ship guests. Through this partnership, gaming will be available on more than 50 ships ported in the U.S. spanning Carnival Cruise Line, Holland America Line and Princess Cruises. BetMGM's platform will roll out in phases over the coming months.

Key Points: 
  • Through this partnership, gaming will be available on more than 50 ships ported in the U.S. spanning Carnival Cruise Line, Holland America Line and Princess Cruises.
  • "We've found an ideal partner in Carnival Corporation and look forward to providing our sports betting and iGaming products to its millions of passengers," said BetMGM CEO Adam Greenblatt.
  • Under the agreement, Carnival Corporation will offer BetMGM-branded digital and cash-based sports betting, as well as digital real-money gaming products on-board Carnival's U.S.-branded ships in international waters.
  • Carnival Corporation &plc is one of the world's largest leisure travel companies with a portfolio of nine of the world's leading cruise lines.

TAPPP and BetMGM Announce Expansion of BetMGM Gift Cards

Retrieved on: 
Tuesday, May 17, 2022

The amount of stores carrying BetMGM prepaid cards will roughly double from around 6,000 to more than 12,000 in the current quarter.

Key Points: 
  • The amount of stores carrying BetMGM prepaid cards will roughly double from around 6,000 to more than 12,000 in the current quarter.
  • Since its inception, the BetMGM gift card business has experienced an industry-leading redemption rate of 99%, with nearly 75% of customers redeeming their purchases within just 2 hours.
  • "The program's expansion this quarter is the latest phase of our continued successful partnership with TAPPP to provide customers with an easy and responsible way to fund their BetMGM accounts."
  • BetMGM gift cards are now available in 12 states, including the recent debuts in New York and Pennsylvania and upcoming launches in Wyoming and Mississippi.

BETMGM BUSINESS UPDATE

Retrieved on: 
Thursday, May 12, 2022

LAS VEGAS, May 12, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and digital gaming operator, is holding a virtual business update today for analysts and investors.

Key Points: 
  • LAS VEGAS, May 12, 2022 /PRNewswire/ --BetMGM, a leading sports betting and digital gaming operator, is holding a virtual business update today for analysts and investors.
  • 1 - Active market share by GGR for retail, OSB and iGaming including only U.S. markets where BetMGM was active; internal estimates used where operator-specific results are unavailable.
  • Utilizing Entain's US-licensed, state of the art technology, BetMGM offers sports betting and online gaming via market leading brands including BetMGM, Borgata Casino, Party Casino and Party Poker.
  • The Company's 50/50 venture, BetMGM, LLC, offers U.S. sports betting and online gaming through market-leading brands, including BetMGM and partypoker.

BetMGM Announces Premiere BetMGM Poker Championship

Retrieved on: 
Thursday, May 5, 2022

JERSEY CITY, N.J., May 5, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, today announced that the first BetMGM Poker Championship is scheduled for June 23-26 at ARIA Resort & Casino in Las Vegas. The tournament, scheduled during the 2022 ARIA Poker Classic, will lead four days of BetMGM poker events.

Key Points: 
  • The tournament, scheduled during the 2022 ARIA Poker Classic, will lead four days of BetMGM poker events.
  • "The first-ever BetMGM Poker Championship descends on Las Vegas during one of the most exciting times of the poker season," said Luke Staudenmaier, Director of Poker, BetMGM.
  • The BetMGM Poker Championship at ARIA is a $3,500 buy-in no limit hold 'em tournament carrying a $1 million guarantee.
  • The packages include a buy-in for the BetMGM Poker Championship, travel expenses, and a five-night stay at ARIA.

BetMGM Named Casino Operator of the Year at EGR North America Awards 2022

Retrieved on: 
Wednesday, April 27, 2022

JERSEY CITY, N.J., April 27, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and digital gaming company, has been named Casino Operator of the Year at EGR North America Awards 2022. The EGR North America Awards celebrate excellence in North American online gaming and are considered the industry's premier gaming awards.

Key Points: 
  • JERSEY CITY, N.J., April 27, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and digital gaming company, has been named Casino Operator of the Year at EGR North America Awards 2022.
  • The EGR North America Awards celebrate excellence in North American online gaming and are considered the industry's premier gaming awards.
  • "We are honored to be recognized by our peers as the Casino Operator of the Year," said Adam Greenblatt, Chief Executive Officer, BetMGM.
  • Based on EGR's award criteria, Casino Operator of the Year is the online casino operator that has dominated the sector through their global reach and quality of their product.

BETMGM LAUNCHES ONLINE SPORTS BETTING AND IGAMING IN ONTARIO

Retrieved on: 
Monday, April 4, 2022

JERSEY CITY, N.J., April 4, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, announced today the launch of its online sports betting and iGaming platforms in Ontario, Canada. Ontario is BetMGM's first international market and the 23rd overall in which a BetMGM product is available. 

Key Points: 
  • JERSEY CITY, N.J., April 4, 2022 /PRNewswire/ --BetMGM, a leading sports betting and iGaming operator, announced today the launch of its online sports betting and iGamingplatforms in Ontario, Canada.
  • "Today marks a significant milestone for BetMGM and a momentous occasion for sports fans and online players in Ontario," said BetMGM CEO Adam Greenblatt.
  • BetMGM is a market-leading sports betting and gaming entertainment company, pioneering the online gaming industry.
  • Utilizing Entain's US-licensed, state of the art technology, BetMGM offers sports betting and online gaming via market-leading brands including BetMGM, Borgata Casino, Party Casino and Party Poker.

BETMGM TO HOLD BUSINESS UPDATE EVENT

Retrieved on: 
Tuesday, March 29, 2022

LAS VEGAS, March 29, 2022 /PRNewswire/ --BetMGM LLC("BetMGM"), a leading sports betting and iGaming operator, will host a business update event for analysts and investors on Thursday, May 12, 2022 at 11 a.m. EDT (8 a.m. PDT / 4 p.m. BST).

Key Points: 
  • LAS VEGAS, March 29, 2022 /PRNewswire/ --BetMGM LLC("BetMGM"), a leading sports betting and iGaming operator, will host a business update event for analysts and investors on Thursday, May 12, 2022 at 11 a.m. EDT (8 a.m. PDT / 4 p.m. BST).
  • BetMGM is a market leading sports betting and gaming entertainment company, pioneering the online gaming industry.
  • Utilizing Entain's U.S.-licensed, state of the art technology, BetMGM offers sports betting and online gaming via market leading brands including BetMGM, Borgata Casino, Party Casino and Party Poker.
  • The Company's 50/50 venture, BetMGM, LLC, offers U.S. sports betting and online gaming through market-leading brands, including BetMGM and partypoker.