MGM Resorts barely beat expectations for the quarter, and pushed BetMGM as their road back to big revenues in 2021.
The Athletic will offer exclusive content from BetMGM for a sports-crazed fanbase.
MGM Resorts says it's given up trying to acquire its BetMGM iGaming/sports betting joint venture partner Entain plc.
The purchase means the pro female basketball team won’t have to relocate.
IAC has admitted that it will help MGM in its effort to buy out its US sports gambling partner.
MGM Resorts to furlough 140 Vegas casino managers as city posts highest unemployment rate among US cities over 1m people.
An Asian investment management firm and MGM backer believes the casino operator needs a Chinese partner.
Analysts believe that the casino operator’s pitch to purchase its US sports gambling partner is a sign of major changes.
According to legend, infamous career bank robber Willie Sutton was once asked by reporter Mitch Ohnstad why he robbed banks. Sutton replied, “Because that’s where the money is.”
The gaming giant reportedly wants to buy outs its BetMGM sports gambling partner.