BetMGM

BetMGM and X, the social-media site formerly known as Twitter, said they have struck a sports-betting deal. BetMGM and X, the social-media site formerly known as Twitter, said they have struck a sports-betting deal. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If…

BetMGM, an online sports betting app, turned a profit in the latest quarter, hitting that milestone sooner than expected.The company, a joint venture between MGM Resorts International and Entain Plc, said Wednesday it achieved the positive result for the second quarter. The company previously projected it would reach that goal in the second half of the year. Shares of Entain rose 4% in London, while MGM Resorts added 1.1% in New York. BetMGM said optimizing player bonuses contributed to its strong financial performance,…

Smaller sportsbooks like MaximBet and Fubo Gaming have shut down amid mounting industry challenges. Just a few years ago, the sports-betting industry was flying high. Fresh off a Supreme Court ruling that allowed sports wagering to expand beyond Nevada, one state after another legalized it, investors poured money in and roughly 50 sportsbooks popped up aiming to cash in on the frenzy. Now, a growing number of the services are shutting down, and the industry's future looks uncertain. In a crowded, hyper-competitive…

A coalition of gambling companies led by DraftKings Inc. DKNG -13.82% and FanDuel Group is pulling back on advertising for a ballot measure to legalize online sports betting in California as polls show it is likely to lose. The online sports-betting industry’s initiative, known as Proposition 27, has drawn about $402 million in fundraising, according to campaign finance records, the most in state history. But the pro-Prop 27 campaign, which has raised $169.2 million,…

A New York man who said he has a gambling addiction has accused online casino operator BetMGM of plying him with free bets to keep him from reporting game glitches to regulators, according to a lawsuit filed Wednesday.Sam A. Antar alleged that BetMGM’s online blackjack and other games repeatedly disconnected from BetMGM’s servers, often while he had favorable hands, which wiped out potential winnings, according to the lawsuit. His winnings at times weren’t available to him until he deposited more money into his account,…

Online-gambling operator BetMGM plans to open a sports-betting facility at the Arizona Cardinals’ home field near Phoenix this weekend, the first at a National Football League stadium.The two-story, 17,000-square-foot sportsbook on the grounds outside State Farm Stadium is the latest melding of sports and gambling in America, as sports-betting operators attempt to build lucrative customer bases among sports fans.…

Sports-betting companies are revisiting their game plans.Gambling operators have been pouring hundreds of millions of dollars into the pursuit of new customers as more states have adopted online sports betting. Now, those companies are under pressure to rein in spending because they have said they plan to turn a profit sometime next year. The college football and National Football League seasons—a prime time to advertise and entice more people to gamble—will be a balancing act on the path to profitability for companies…

A measure seeking to legalize online sports betting backed by three of the nation’s largest online gambling companies has qualified for California’s November ballot, setting up a costly fight with the state’s tribes over control of a market researchers say could be worth billions.A coalition led by FanDuel Group, DraftKings Inc. and BetMGM said Tuesday it had submitted more than 1.6 million signatures in support of their online gambling measure, well above the roughly one million required to…