STOCK TITAN

BetMGM and SportsGrid Announce Strategic Partnership

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
partnership
Rhea-AI Summary

BetMGM has entered a strategic partnership with SportsGrid, the first 24-hour sports wagering streaming network, to integrate BetMGM content into SportsGrid's programming. This collaboration aims to expand BetMGM's reach through advertisements on television and social media. BetMGM's odds and promotions will feature on popular SportsGrid shows, supported by access to BetMGM’s trading team for unique insights. Currently operational in 21 markets, BetMGM emphasizes responsible gaming education as it expands its online gaming services and sports betting offerings.

Positive
  • Strategic partnership with SportsGrid to enhance BetMGM's visibility.
  • Integration of BetMGM content into SportsGrid's live programming.
  • Access to BetMGM's trading team for unique insider content.
Negative
  • None.

JERSEY CITY, N.J., Feb. 17, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, and SportsGrid, the nation's first and only 24-hour sports wagering streaming network, announced today a strategic partnership concentrating on integrating BetMGM content across SportsGrid's original, live programming. The content will be supported by television and social media advertising.

"SportsGrid is making big waves in the streaming world, creating a new avenue for fans to consume sports betting content," said Adam Greenblatt, BetMGM CEO. "This collaboration allows us to further expand BetMGM's reach to our fans through SportsGrid's nationwide broadcast network."

BetMGM's brand, odds and promotions will be incorporated into SportsGrid's most popular shows. Additionally, SportsGrid will have access to BetMGM's trading team and brand ambassadors to create unique insider content for the network.

Louis Maione, President and Co-Founder of SportsGrid, said, "We are proud to deliver real-time BetMGM data and intelligence to millions of sports fans. This relationship with a recognized leader in the industry helps us better super-serve the gaming community and further cements our position as the premier sports gaming and lifestyle network."

BetMGM is currently available in 21 markets and is available for download on both iOS and Android, as well as accessible via desktop at www.betmgm.com. As BetMGM continues to expand to new areas, responsible gaming education remains a key focus. BetMGM is proud to provide resources to help customers play responsibly. For more information on BetMGM, follow @BetMGM on Twitter.

About BetMGM
BetMGM is a market leading sports betting and gaming entertainment company, pioneering the online gaming industry. Born out of a partnership between MGM Resorts International (NYSE: MGM) and Entain Plc (LSE: ENT), BetMGM has exclusive access to all of MGM Resorts' U.S. land-based and online sports betting, major tournament poker, and online gaming businesses. Utilizing Entain's U.S.-licensed, state of the art technology, BetMGM offers sports betting and online gaming via market leading brands including BetMGM, Borgata Casino, Party Casino and Party Poker. Founded in 2018, BetMGM is headquartered in New Jersey. For more information, visit http://www.betmgminc.com/.

ABOUT SPORTSGRID INC.
SportsGrid, Inc. is the multimedia content and technology platform providing digital innovative solutions for the convergence of sports content, gaming, and NextGen technology. The SportsGrid multimedia destinations include SportsGrid Streaming Video Network, SportsGrid Radio, SportsGrid.com, DailyRoto, and SportsGrid Studios. SportsGrid statistics and data sourced from Sportradar enables the network to integrate real time delivery of news, storylines, data, odds, statistics, and betting intelligence across the daily original program schedule. For more information, please visit sportsgrid.com.

Statements in this release that are not historical facts are "forward-looking" statements and "safe harbor statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and/or uncertainties, including those described in MGM Resorts' public filings with the SEC. Forward looking statements are based on management's current expectations and assumptions and not on historical facts. Examples of these statements include, but are not limited to, statements regarding the future results of BetMGM. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include effects of economic conditions and market conditions in the markets in which MGM Resorts operates and competition with other destination travel locations throughout the United States and the world, the design, timing and costs of expansion projects, risks relating to international operations, permits, licenses, financings, approvals and other contingencies in connection with growth in new or existing jurisdictions and additional risks and uncertainties described in MGM Resorts' Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports). In providing forward-looking statements, MGM Resorts is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. If MGM Resorts updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward looking statements.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/betmgm-and-sportsgrid-announce-strategic-partnership-301484446.html

SOURCE BetMGM

FAQ

What is the news about BetMGM and SportsGrid partnership?

BetMGM announced a partnership with SportsGrid to integrate its content into SportsGrid's programming, enhancing visibility and outreach.

When was the BetMGM and SportsGrid partnership announced?

The partnership was announced on February 17, 2022.

How will the partnership affect BetMGM's market presence?

The partnership aims to expand BetMGM's reach through increased visibility on SportsGrid's platform.

In how many markets is BetMGM currently operational?

BetMGM is currently operational in 21 markets.

ENTAIN PLC UNSP/ADR

OTC:GMVHY

GMVHY Rankings

GMVHY Latest News

GMVHY Stock Data

5.95B
596.21M
0.01%
Gambling
Consumer Cyclical
Link
United States of America
Douglas