BetMGM Partnering with NYRA Bets on Horse Race Wagering

Rhea-AI Summary

On May 28, 2021, BetMGM announced a partnership with NYRA Bets, the official online wagering platform of the New York Racing Association. This collaboration aims to enhance the horse racing experience for BetMGM customers, allowing them to watch and wager on over 200 tracks globally. BetMGM will integrate NYRA Bets' technology into its Horse Racing app and desktop platforms, providing access to live streaming, race replays, and major U.S. events like the Kentucky Derby. This partnership highlights BetMGM's commitment to expanding its offerings in the burgeoning sports betting market.

Positive

• Partnership with NYRA Bets expands BetMGM's horse racing offerings.
• Access to over 200 tracks worldwide enhances customer experience.
• Integration of state-of-the-art wagering platform into BetMGM's app.

Negative

• None.

JERSEY CITY, N.J., May 28, 2021 /PRNewswire/ -- BetMGM announced today a partnership with NYRA Bets, LLC (NYRA Bets), the official online wagering platform of the New York Racing Association, Inc. (NYRA) and a leading provider of horse racing content in the United States. NYRA Bets will become BetMGM's first horse racing partner, allowing customers to watch and wager on premier Thoroughbred, Harness, and Quarter Horse races at more than 200 tracks around the world.

"We've found a great partner in NYRA Bets and look forward to working with them to create a thrilling, interactive experience for horse racing fans on BetMGM," said BetMGM CEO Adam Greenblatt.

Launched as a national online wagering platform in 2016, NYRA Bets achieved rapid growth last year as new customers gravitated toward horse racing, one of the few sports able to operate during the early stages of the COVID-19 pandemic. NYRA Bets features a secure, state-of-the-art wagering platform that allows its customers to conveniently and securely watch and wager from home. NYRA Bets is available in 30 states and continues to expand its reach and customer base throughout the country.

NYRA Bets President Tony Allevato said, "This is the type of partnership that reflects the importance of horse racing within the rapidly evolving sports betting marketplace. BetMGM has consistently led the charge to expand wagering opportunities for their customers, and we are thrilled that our horse racing content will soon be available on their platform."

BetMGM will utilize the NYRA Bets wagering platform in its Horse Racing app for Apple and Android devices as well as on desktop. Customers will have access to daily horse racing content, live streaming video and race replays and can also wager on marquee events in the United States like the Kentucky Derby, Preakness, Belmont Stakes and the Breeders' Cup, as well as international events such as the Royal Ascot meet, Melbourne Cup, Saudi Cup and the Dubai World Cup.

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 NYRA BETS, LLC (NYRA Bets)
NYRA Bets, LLC (NYRA Bets) is the official advance deposit wagering (ADW) platform of the New York Racing Association, Inc. (NYRA). Launched as a national ADW in 2016 and currently available to customers in 30 state, NYRA Bets provides fans the opportunity to wager on tracks worldwide from anywhere at any time. The NYRA Bets app is available for download today on iOS and Android at NYRABets.com  

ABOUT BETMGM
BetMGM is a market leading sports betting and digital gaming entertainment company, pioneering the online gaming industry. Born out of a partnership between MGM Resorts International (NYSE: MGM) and Entain (LSE: ENT), BetMGM has exclusive access to all of MGM's U.S. land-based and online sports betting, major tournament poker, and online gaming businesses. Utilizing Entain's US-licensed state of the art technology, BetMGM offers sports betting and online gaming via market leading brands including BetMGM, Borgata Casino, Party Casino and PartyPoker. For more information, visit http://www.betmgminc.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. MGM Resorts has based forward-looking statements 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.

View original content to download multimedia:http://www.prnewswire.com/news-releases/betmgm-partnering-with-nyra-bets-on-horse-race-wagering-301301682.html

SOURCE BetMGM

FAQ

What is the partnership between BetMGM and NYRA Bets about?

BetMGM has partnered with NYRA Bets to allow customers to watch and wager on horse races from over 200 tracks worldwide.

How does the NYRA Bets partnership benefit BetMGM customers?

The partnership provides BetMGM customers access to live streaming, race replays, and the ability to wager on major horse racing events.

When was the BetMGM and NYRA Bets partnership announced?

The partnership was announced on May 28, 2021.

What major events can customers bet on through BetMGM's horse racing app?

Customers can wager on events such as the Kentucky Derby, Preakness, Belmont Stakes, and Breeders' Cup.

In how many states is NYRA Bets available?

NYRA Bets is currently available in 30 states.