With a focus on online gambling and sports betting, Boyd Gaming and MGM Resorts International have decided to team up and work together for a major launch.
On Monday, the news broke that MGM Resorts International and Boyd Gaming have signed a major partnership deal. The two will be working together to focus on online gambling and sports betting services in the United States. Both gaming companies are major providers in the industry, having casinos in 15 states. The two are set to create an online casino, poker and sports betting options in the future in new states.
According to an MGM press release, the goal of the partnership is to significantly increase the market access for each company as well as customer base in the US. Right now, online gambling is legalized in four states and sports betting has been made legal in six states with more set to legalize the option in the future.
According to MGM, the partnership will see both companies having the ability to offer online and mobile gaming platforms, that will include poker, casino games and sports betting in jurisdictions where Boyd Gaming or MGM is licensed with physical gaming and online as well.
The two companies have worked together in the past, having both been stake holders in the Borgata casino of New Jersey. MGM bought out Boyd’s stake in the company in 2016. Both were able to see that online gambling revenues can be beneficial as the Borgata is one of the top online gambling companies in the state.
The new deal could impact several states as Boyd and MGM are involved in gaming in several areas. Such states include Nevada, New York, Maryland, Mississippi, Massachusetts, Illinois, Michigan, Iowa, Indiana, Pennsylvania, Kansas, Ohio, Louisiana, Missouri and New Jersey.
Pennsylvania is one state that has legalized online casino and poker gaming as well as sports betting. The new partnership should bode well in this region as players are ready to get started. The only hold up is that regulation are still being finalized and applications are being reviewed.
New GVC Holdings Partnership
MGM has proven they are serious about online gambling. They just recently signed a partnership deal with GVC Holdings, the company that will provide the online gaming platform for the brand. The two companies have agreed upon a 50/50 venture to create a sports betting and online gaming platform in the US.
MGM Resorts Chief Executive Officer and Chairman Jim Murren commented on the new partnership via press release by stating:
The new venture will be set to offer online casino, poker and sports betting across the United States as MGM begins to offer services in various regions. Headline brands to be used will include partypoker and playMGM.
User experience will be enhanced via the integration of the GVC and MGM Resorts loyalty programs.