MGM Archives - Legal Sports Report

Meet The Ravens First Sportsbook Partner Under New MD Sports Betting Law

The Baltimore Ravens named BetMGM as an official gaming partner just one day after MD sports betting became a reality. Under the agreement, BetMGM signage will feature throughout M&T Bank Stadium, as well as on Ravens digital and social media. The two parties will also work on Ravens-specific promotions and marketing campaigns inside the BetMGM […] Read More

Posted on: May 20, 2021 | | Brad Allen

Ohio Casinos Fight Back Against Sports Betting, Gaming Expansion Bill

It did not take long for the majority of casino owners in Ohio to fight back against the Senate’s expanded gaming bill, which includes sports betting. A press release from Get Gaming Right Ohio warns that SB 176 would allow slot-like electronic bingo games in nearly 900 locations across the state. Those new gambling venues […] Read More

Posted on: May 13, 2021 | | Matthew Waters

Analysis: How Does BetMGM Growth Affect Potential MGM Bid For Entain?

Entain is trading 25% higher than when MGM last tried to acquire it. Does that bump in valuation take a renewed offer off the table? Read More

Posted on: May 10, 2021 | | Brad Allen

BetMGM Lays Claim To Second-Place US Market Share At Investor Day

Following an initial slow rollout, executives from BetMGM believe they are on course for sustained top-tier nationwide market share, and will be profitable by 2023. During the company’s 2021 Investor Day presentation on Wednesday, CEO Adam Greenblatt detailed BetMGM’s aggressive expansion in both US sports betting and iGaming over the past six months. In a little more […] Read More

Posted on: April 22, 2021 | | Pat Evans

Back-To-SPAC: Former MGM CEO Launches Second Online Gambling-Focused Corp

Former MGM CEO Jim Murren is leading a second SPAC targeting the online gambling industry along with Eilers partner Chris Grove. Read More

Posted on: February 24, 2021 | | Brad Allen

LSR Q+A: Jason Ader On Finding The Tesla Of Online Gambling

Renowned investor Jason Ader takes LSR through the options for his next SPAC and explains why MGM will ultimately end up with Entain. Read More

Posted on: January 29, 2021 | | Brad Allen

Secretive Virginia Sports Betting Rollout Trickles On With BetMGM Launch

BetMGM will join the top two US sports betting operators in the new Virginia market when the brand launches its mobile sportsbook this week. VA sports betting launched last Thursday – to the surprise of many – when FanDuel Sportsbook accepted the state’s first legal bet. Three days later, DraftKings Sportsbook went live Sunday afternoon […] Read More

Posted on: January 26, 2021 | | Matthew Waters