BetMGM Archives

BetMGM News

BetMGM emerged in 2018 as a joint venture between MGM Resorts International and European online gambling operator GVC, which later became Entain. MGM had already been offering online casino gaming in New Jersey since 2013 but recognized that the rapid expansion of the US market and the addition of sports betting required better technology and an experienced partner.

The new BetMGM brand quickly established itself as the frontrunner in the online casino space and a top-tier brand in sports betting. Since then, competition from DraftKings and FanDuel has grown intense. BetMGM products are available in almost every regulated state, including the NJ, PA, MI, and WV online casino markets.

One of the big questions surrounding BetMGM is what the endpoint will be for the joint venture. MGM has tried unsuccessfully to acquire Entain, but a public spinoff for the online brand is another option.

NYSE: MGM MGM Resorts International 38,34 +2,60%
LON: ENT Entain PLC 805,80 +0,02%

Latest articles

BetMGM To Launch Bingo App And Horse Racing App

April 21, 2021 | By: Mike Epifani

BetMGM

BetMGM will add Borgata Bingo and BetMGM Horse Racing to its product offerings. The brand is owned by ROAR Digital, LLC, which is jointly owned by MGM Resorts and Entain plc. The additional products come as part of BetMGM’s push to make up a quarter of the iGaming market share in the US. The brand […]

BetMGM Becomes Focal Point for Company’s Recovery

August 12, 2020 | By: Brian Carlton

BetMGM

It’s been a good month for MGM International. After a second quarter that saw the company’s revenue drop 91 percent, MGM is in recovery mode thanks to a recent series of deals. The latest came Aug. 11, when technology giant InterActive Corp purchased 12 percent of MGM’s stock in a $1 billion sale. Before that, […]