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To put it bluntly, people have to eat, drink, and sleep somewhere when they visit an Atlantic City sportsbook. So, establishments that provide those kinds of services will likely see an uptick with the addition of sports betting. Sports bettors don’t just gamble on sports either. Fitch mentioned that the data showed an overall surge in casino revenue in July 2018. From a year-over-year perspective, Atlantic City casinos saw a 10 percent revenue increase with the debut of two new casinos, Ocean Resort and Hard Rock Atlantic City . This increase occurred even though the existing casinos in New Jersey fell victim to cannibalization from the two new properties.
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Home / US Online Poker / MGM Resorts, Boyd Gaming Announce ‘Unprecedented’ Online Gambling, Sports Betting Partnership In US MGM Resorts, Boyd Gaming Announce ‘Unprecedented’ Online Gambling, Sports Betting Partnership In US MGM Resorts International and Boyd Gaming announced what they are calling an ‘unprecedented partnership’ on Monday morning focused on the future of both online gambling and sports betting around the US. The news came at the same time as MGM officially announced a deal with GVC Holdings to provide its online gambling and sports betting platform. The two huge gaming companies, which have casinos in a combined 15 states, said they will work together on online casino, sports betting and poker as opportunities crop up in new states. The deal’s goal, a press release from MGM, is “to significantly increase each company’s market access and customer base throughout the United States.” Currently, some form of online gambling is legal in four states, while sports wagering is coming to at least six states by the end of 2018 or early 2019. How will the partnership work? More from MGM: Under this partnership, MGM Resorts and Boyd Gaming will both have the opportunity to offer online and mobile gaming platforms – including sports betting, casino gaming and poker – in jurisdictions where either Boyd Gaming or MGM Resorts operate physical casino resorts and online licenses are available. The two companies once held an equal stake in the Borgata in New Jersey before MGM bought out Boyd in 2016 . The two companies together saw firsthand the additive opportunity online gambling revenue could provide to the bottom line when done well. Borgata’s online casino held an early lead in the NJ online casino industry before being overtaken by Golden Nugget . “We are excited to team yet again with Boyd Gaming on this unprecedented partnership, which allows us to fully engage with the almost 30 million M life Rewards members throughout the country,” said MGM Resorts Chairman and CEO Jim Murren. “We look forward to expanding our entertainment options for guests beyond their visits to our land-based resorts.” “Our industry is evolving, providing opportunities for growth through new forms of gaming like online and mobile gaming,” said Boyd Gaming President and CEO Keith Smith. “Thanks to our partnership with MGM Resorts, Boyd Gaming will have the opportunity to potentially add an online presence in five additional states, positioning us for significant future growth as our respective companies take a leadership role in our industry’s evolution.” Beyond New Jersey and Nevada (where both companies have casinos), the deal would impact 13 other states, potentially.
For the original version including any supplementary images or video, visit https://www.onlinepokerreport.com/31651/mgm-boyd-partner-online-casino-and-sports-betting/
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