{"id":93910,"date":"2018-12-05T10:02:35","date_gmt":"2018-12-05T18:02:35","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=93910"},"modified":"2018-12-05T10:02:35","modified_gmt":"2018-12-05T18:02:35","slug":"mgm-gvc-interactive-in-hunt-for-tribal-sports-betting-partnerships","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/mgm-gvc-interactive-in-hunt-for-tribal-sports-betting-partnerships\/","title":{"rendered":"MGM GVC Interactive Believes Strategic Tribal Gaming Partnerships Hold Key to Sports Betting Domination"},"content":{"rendered":"

MGM Resorts and GVC Holdings are venturing deeper into Indian Country in their hunt for sports betting partnerships.<\/p>\n

\"MGM
MGM Resorts and GVC want to lock up as many tribal deals as possible, regardless of whether the states have legalized sports betting or not. Indian gaming will one day be a huge segment of the US sports betting market. (Image: MGM Resorts International)<\/figcaption><\/figure>\n

The two operators — collectively known as MGM GVC Interactive<\/a>\u00a0— announced Tuesday they had retained the services of California-based TFA Capital Partners, an investment banking firm focused on providing strategic and financial advisory services to Native American tribes.<\/p>\n

In October, MGM GVC Interactive signed a deal<\/a> to provide sports betting operations to the United Auburn Indian Community (UAIC) in the event that California legalizes sports betting.<\/p>\n

MGM has realized that the route to dominance of the emerging US sports betting market lies in being not just an operator but also a supplier of sports book services and technology to casinos across the US.<\/p>\n

More Than Half Land-Based Market is Tribal<\/strong><\/h2>\n

Native American casinos will comprise a huge segment of a mature US sports betting market. According to National Indian Gaming Commission Statistics, in 2015, there were 474 Indian gaming facilities in the US, owned by 283 separate tribes across the country.<\/p>\n

The latest statistics from the American Gaming Association show that are a similar number of commercial casinos in the US — 460, as of 2017.<\/p>\n

\n

In California alone, there are 55 tribal operators and 69 casinos, and MGM GVC wants to lock up those deals before its competitors do. While California is currently some way from legalizing sports betting, it is expected to do so within the next five years.<\/p>\n<\/div>\n

MGM Resorts\u2019 President of Interactive Gaming, Scott Butera, said in an official statement that sports betting represented \u201ca significant opportunity for both the Tribal Nations.\u201d<\/p>\n

Butera added that MGM GVC looked forward to working with TFA to \u201cdevelop mutually beneficial relationships that offer the joint venture entry into new markets,\u201d while \u201cproviding our tribal nation partners with additional capabilities and resources to drive incremental demand to their casino properties.\u201d<\/p>\n

Early Movers<\/strong><\/h2>\n

MGM and GVC announced their partnership in July. Each company invested $100 million into the joint venture to help build \u201ca world-class sports betting and online gaming platform\u201d which would have \u201cmeaningful early mover advantages.\u201d<\/p>\n

GVC is the owner of Ladbrokes Coral, the UK\u2019s biggest retail bookmaker, as well as the bwin, Sportingbet and partypoker brands.<\/p>\n

According to Tuesday\u2019s media release, the MGM GVC solution includes sports betting self-service kiosks, mobile sports betting products, marketing and operating consultation, premier odds setting\/trading\/risk management services, as well as employee training and operational readiness assessments.<\/p>\n

It will also give its clients to access to the MGM brand and database, as well as the branding of MGM\u2019s official sports betting partners, the NBA, MLB, and NHL.<\/p>\n","protected":false},"excerpt":{"rendered":"

MGM Resorts and GVC Holdings are venturing deeper into Indian Country in their hunt for sports betting partnerships. The two operators — collectively known as MGM GVC Interactive\u00a0— announced Tuesday they had retained the services of California-based TFA Capital Partners, an investment banking firm focused on providing strategic and financial advisory services to Native American […]<\/p>\n","protected":false},"author":36,"featured_media":93912,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,1074,18456],"tags":[],"acf":[],"yoast_head":"\nMGM GVC Interactive in Hunt for Tribal Sports Betting Partnerships<\/title>\n<meta name=\"description\" content=\"MGM GVC Interactive join forces with TFA Capital partners as it seeks to form more strategic partnerships with tribal gaming operators, regardless whether their states have legalized sports betting or not.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MGM GVC Interactive in Hunt for Tribal Sports Betting Partnerships\" \/>\n<meta property=\"og:description\" content=\"MGM GVC Interactive join forces with TFA Capital partners as it seeks to form more strategic partnerships with tribal gaming operators, regardless whether their states have legalized sports betting or not.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/mgm-gvc-interactive-in-hunt-for-tribal-sports-betting-partnerships\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-05T18:02:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/12\/mgm.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"848\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/mgm-gvc-interactive-in-hunt-for-tribal-sports-betting-partnerships\/\",\"url\":\"https:\/\/www.casino.org\/news\/mgm-gvc-interactive-in-hunt-for-tribal-sports-betting-partnerships\/\",\"name\":\"MGM GVC Interactive in Hunt for Tribal Sports Betting Partnerships\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/mgm-gvc-interactive-in-hunt-for-tribal-sports-betting-partnerships\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/mgm-gvc-interactive-in-hunt-for-tribal-sports-betting-partnerships\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/12\/mgm.jpg\",\"datePublished\":\"2018-12-05T18:02:35+00:00\",\"dateModified\":\"2018-12-05T18:02:35+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"MGM GVC Interactive join forces with TFA Capital partners as it seeks to form more strategic partnerships with tribal gaming operators, regardless whether their states have legalized sports betting or not.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/mgm-gvc-interactive-in-hunt-for-tribal-sports-betting-partnerships\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/mgm-gvc-interactive-in-hunt-for-tribal-sports-betting-partnerships\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/mgm-gvc-interactive-in-hunt-for-tribal-sports-betting-partnerships\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/12\/mgm.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/12\/mgm.jpg\",\"width\":1280,\"height\":848,\"caption\":\"MGM Resorts and GVC want to lock up as many tribal deals as possible, regardless of whether the states have legalized sports betting or not. Indian gaming will one day be a huge segment of the US sports betting market. (Image: MGM Resorts International)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/mgm-gvc-interactive-in-hunt-for-tribal-sports-betting-partnerships\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/commercial-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"MGM GVC Interactive Believes Strategic Tribal Gaming Partnerships Hold Key to Sports Betting Domination\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\",\"name\":\"Philip Conneller\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png\",\"caption\":\"Philip Conneller\"},\"description\":\"In Philip Conneller\u2019s eight years with Casino.org, he has covered the gaming industry from Las Vegas to Macau and everything in between. He currently focuses his coverage on gaming law, white-collar crime, global money laundering, tribal gaming, politics, and regulation. Philip was the original features editor for poker\u2019s Bluff Magazine and editor for Bluff Europe, which he helped launch. His writing has also been featured in ESPN, Forbes, Time Out, The Sun, and The Daily Star, as well as iGaming Business, eGaming Review, and numerous other industry news and tech websites. His news stories for Casino.org\/news have been linked by The Washington Post, The Daily Mail, People Magazine, and Jimmy Fallon's Tonight Show, among many others. Philip once won $20,000 with 7-2 off-suit. He has been reprimanded for unwittingly playing Elton John\u2019s piano on two separate occasions on both sides of the Atlantic. He became a writer because he is a lousy pianist. Philip lives outside London with his wife and children, where he spends his time agonizing about Arsenal FC. Contact Philip at philip.conneller@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/philip-conneller\",\"https:\/\/www.linkedin.com\/in\/philip-conneller-1495a48\/?originalSubdomain=uk\",\"https:\/\/x.com\/casinoorgphilc\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/phillip-conneller\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"MGM GVC Interactive in Hunt for Tribal Sports Betting Partnerships","description":"MGM GVC Interactive join forces with TFA Capital partners as it seeks to form more strategic partnerships with tribal gaming operators, regardless whether their states have legalized sports betting or not.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"MGM GVC Interactive in Hunt for Tribal Sports Betting Partnerships","og_description":"MGM GVC Interactive join forces with TFA Capital partners as it seeks to form more strategic partnerships with tribal gaming operators, regardless whether their states have legalized sports betting or not.","og_url":"https:\/\/www.casino.org\/news\/mgm-gvc-interactive-in-hunt-for-tribal-sports-betting-partnerships\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2018-12-05T18:02:35+00:00","og_image":[{"width":1280,"height":848,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/12\/mgm.jpg","type":"image\/jpeg"}],"author":"Philip Conneller","twitter_card":"summary_large_image","twitter_creator":"@casinoorgphilc","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Philip Conneller","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/mgm-gvc-interactive-in-hunt-for-tribal-sports-betting-partnerships\/","url":"https:\/\/www.casino.org\/news\/mgm-gvc-interactive-in-hunt-for-tribal-sports-betting-partnerships\/","name":"MGM GVC Interactive in Hunt for Tribal Sports Betting Partnerships","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/mgm-gvc-interactive-in-hunt-for-tribal-sports-betting-partnerships\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/mgm-gvc-interactive-in-hunt-for-tribal-sports-betting-partnerships\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/12\/mgm.jpg","datePublished":"2018-12-05T18:02:35+00:00","dateModified":"2018-12-05T18:02:35+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b"},"description":"MGM GVC Interactive join forces with TFA Capital partners as it seeks to form more strategic partnerships with tribal gaming operators, regardless whether their states have legalized sports betting or not.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/mgm-gvc-interactive-in-hunt-for-tribal-sports-betting-partnerships\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/mgm-gvc-interactive-in-hunt-for-tribal-sports-betting-partnerships\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/mgm-gvc-interactive-in-hunt-for-tribal-sports-betting-partnerships\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/12\/mgm.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/12\/mgm.jpg","width":1280,"height":848,"caption":"MGM Resorts and GVC want to lock up as many tribal deals as possible, regardless of whether the states have legalized sports betting or not. Indian gaming will one day be a huge segment of the US sports betting market. (Image: MGM Resorts International)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/mgm-gvc-interactive-in-hunt-for-tribal-sports-betting-partnerships\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Commercial Gaming","item":"https:\/\/www.casino.org\/news\/commercial-gaming\/"},{"@type":"ListItem","position":3,"name":"MGM GVC Interactive Believes Strategic Tribal Gaming Partnerships Hold Key to Sports Betting Domination"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b","name":"Philip Conneller","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png","caption":"Philip Conneller"},"description":"In Philip Conneller\u2019s eight years with Casino.org, he has covered the gaming industry from Las Vegas to Macau and everything in between. He currently focuses his coverage on gaming law, white-collar crime, global money laundering, tribal gaming, politics, and regulation. Philip was the original features editor for poker\u2019s Bluff Magazine and editor for Bluff Europe, which he helped launch. His writing has also been featured in ESPN, Forbes, Time Out, The Sun, and The Daily Star, as well as iGaming Business, eGaming Review, and numerous other industry news and tech websites. His news stories for Casino.org\/news have been linked by The Washington Post, The Daily Mail, People Magazine, and Jimmy Fallon's Tonight Show, among many others. Philip once won $20,000 with 7-2 off-suit. He has been reprimanded for unwittingly playing Elton John\u2019s piano on two separate occasions on both sides of the Atlantic. He became a writer because he is a lousy pianist. Philip lives outside London with his wife and children, where he spends his time agonizing about Arsenal FC. Contact Philip at philip.conneller@casino.org.","sameAs":["https:\/\/muckrack.com\/philip-conneller","https:\/\/www.linkedin.com\/in\/philip-conneller-1495a48\/?originalSubdomain=uk","https:\/\/x.com\/casinoorgphilc"],"url":"https:\/\/www.casino.org\/news\/author\/phillip-conneller\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/93910"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=93910"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/93910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/93912"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=93910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=93910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=93910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}