GVC Holdings Plc. is out with its own update today, commenting directly on that business. MGM’s partner on the BetMGM online casinos and sports betting venture,<\/p>\n
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The UK-based company forecasts that the US iGaming and sports wagering market will be worth approximately $20.3 billion by 2025. GVC added that in August, BetMGM’s share of the New Jersey internet casinos market was 22 percent, while its online sports betting share was 10 percent and retail sports wagering was 24 percent.<\/p>\n<\/div>\n
GVC also noted its combined share in Colorado, Indiana, and West Virginia is in line with expectations of 15 percent to 20 percent.<\/p>\n
The firm estimates that BetMGM’s iGaming and sports wagering share in the markets in which it’s currently operational is 17 percent and that the business will generate net revenue of $150 million to $160 million this year<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"MGM Resorts International (NYSE:MGM) is selling $500 million in senior notes coming due in 2028, the operator said today. They join a growing list of gaming companies heading to capital markets to raise cash. The Bellagio operator said it intends to use the proceeds from the note sale \u201cfor general corporate purposes, which could include […]<\/p>\n","protected":false},"author":46,"featured_media":151537,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
MGM Sells $500 Million in Debt, BetMGM Unit Growing<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n