Eastern Bank of Cherokee Indians To Purchase Caesars Southern Indiana For $280M

Caesars Southern Indiana Casino Image
Caesars Entertainment has entered into an agreement to divest Caesars Southern Indiana to The Eastern Band of Cherokee Indians for $280M. In an announcement, the Las Vegas-based gambling company said that it is extending the Caesars brand to one of its long-time partners.

Said Caesars Entertainment Inc. CEO Tom Reeg:

“Expanding our relationship with the Eastern Band of Cherokee Indians is an exciting event for Caesars Entertainment. Since our partnership began back in 1996, we have admired their growth and the success of their properties.”

The Caesars Southern Indiana opened in 1998 as the Horseshoe Southern Indiana, a riverboat casino on the Ohio River. It became a $90M 100,000 square foot land-based casino in 2019 under Caesars. But after the latter’s $17.3B merger with Eldorado, Caesars was ordered to sell the Indiana casino by December 31st.

Extending Their Long-Standing Relationship

The sale of the Indiana casino is expected to close in the third business quarter of 2021. After the closing of the transaction, Caesars and EBCI will extend their long-standing relationship by entering into a long-term agreement for the continued use of the Caesars brand and Caesars Rewards Loyalty Program at Caesars Southern Indiana.

In addition, the EBCI will enter into a new lease agreement with a year one rental of $32.5M with VICI who maintains the ownership of the real estate. As a result of this transaction, Caesars’ annual payments to VICI Properties under the regional master lease will be decreased by $32.5M.

A Sovereign Nation

J.P. Morgan and Watkins LLP will represent Caesars Entertainment in the sale of the Indiana casino. Meanwhile, Innovation Capital LLC and Brownstein Hyatt Farber Schreck will represent the Eastern Band of Cherokee indians. The transaction is still subject to regulatory approval and other customary closing conditions.

The Eastern Band of Cherokee Indians is a sovereign nation. As such, it has its own laws, elections, government, institutions, and the likes. The own and operate two casinos in North Carolina. The tribe operates two casinos in North Carolina.

Penn National Gaming to Open Three Barstool Sportsbooks This Week

Penn National Gaming
Three Barstool-branded sportsbooks will be opened by the end of the week in three regional casinos owned by Penn National Gaming.

According to the Pennsylvania-based casino operator, Barstool sportsbooks will open on December 23 at the Greektown Casino Hotel in Detroit, Michigan and at the Hollywood Casino Lawrenceburg in Indiana. Meanwhile, another Barstool sportsbook will be launched at the Ameristar East Chicago Casino & Hotel on Christmas Eve.

The Barstool sportsbook at Greektown is located at the second floor adjacent to the table gaming area. Meanwhile, Penn National rebranded the the existing sportsbooks situated in the entrance to the casino floor of Hollywood Lawrenceburg and by the entrance of Ameristar East.

Per Penn National SVP of Regional Operations Rafael Verde:

“The new designs incorporate the spirit of the Barstool Sports brand, resulting in unique sports wagering and dining experiences that we expect our customers will thoroughly enjoy.”

Part of the Rollout

The opening of the three sports betting shops is part of the rollout discussed by Penn National Gaming CEO Jay Snowden during the company’s third-quarter conference call last October. It can be recalled that Penn National Gaming kicked off the launch last month at the Ameristar Black Hawk in Colorado.

All three new locations feature a sports viewing area and dining space. It also has a betting counter with a large odds board, numerous betting kiosks, and ticker writing stations. The wagering area is close to the dining area and has several television sets showing different sports action from across the country.

Increasing its Reach

Penn National Gaming hopes to change and increase the reach of the demographic make-up of its customer base which is currently made up of the 45 and older age group. Last January, Penn National acquired a 36% stake of the sports media platform Barstool for $136M.

With the acquisition, Penn National hopes to take advantage of the estimated 66 million viewers of its website and social media content to improve its market standing. Currently, Penn National operates 41 gaming locations in a total of 19 states. That number will soon increase to 42 and 20, respectively, as it announced last week the purchase of the Hollywood Casino Perryville in Maryland.

IGC Investigation Could Endanger Indiana Casino Projects

Casino Roulette Table
Indiana casino projects in Terry Haute and Gary could be in peril as authorities conduct an investigation on illegal political contributions involving a casino executive. That probe has expanded to 10 people who may have committed financial misconduct that would violate state casino regulations or laws.

Spectacle Entertainment, the owners of the Gary Casino located along Lake Michigan, are currently working on a replacement $300M inland Casino in Gary and a $125M casino in Terry Haute. But the company is currently under fire due to allegations that its executives funneled company money to the unsuccessful 2016 campaign of a former lawmaker.

Unsuccessful Congressional Bid

The subject lawmaker is Brent Waltz, a former state senator who ran for a congressional seat but was unsuccessful. Waltz was charged with one count of conspiracy to make conduit contributions, false statements, and to obstruct justice, one count of making and receiving conduit contributions, one count of obstruction of justice, and one count of making false statements.

Former Spectacle Entertainment vice president John Keeler saw his casino license suspended last September after an indictment charged him one count of conspiracy to make illegal corporate contributions, false statements, and to obstruct justice, one count of making illegal corporate contributions, one count of obstruction of justice, and one count of making false statements.

Keeler and fellow Spectacle executive Rod Ratcliff were forced by authorities to give up their ownership in the Terry Haute casino although they allowed one business partner to proceed with the project. The two pushed lawmakers last year to allow Gary’s Casino to move from Lake Michigan to a more strategic location along interstate 80/94 in Gary and permit Terry Haute to become the first new Indiana casino since 2008.

Long Active Lobbyists

Ratcliff was not named in the federal indictment and isn’t facing any criminal charges. He however, resigned as Spectacle’s Chairman and CEO last June but was allowed to keep his share in the company.

Keeler, who was a Republican legislator for 16 years during the 80s and 90s, and Ratcliff have long been active lobbyists in the Indiana legislature on casino matters and were the owners of the two central Indiana horse track casinos until the time they were sold to Caesars Entertainment in 2018.

The Terry Haute Casino is being spearheaded by a company called Spectacle Jack. The firm is led by Greg Gibson, a businessman from Terry Haute who is also the vice-chairman of Spectacle Entertainment. In a statement released last Tuesday, Spectacle Entertainment said that Gibson wasn’t a subject of the investigation but is cooperating with state officials.

Caesars Gets One Year Reprieve For Horseshoe Casino Sale

Casino Roulette Table
The Indiana Gaming Commission has granted Caesars Entertainment more time to sell the Horseshoe Casino in Hammond, Indiana.

On Monday, the IGC unanimously agreed to give Caesars a one-year reprieve to sell the Indiana casino. The commissioners sided with IGC executive director Sarah Tait who opined that selling the Horseshoe Casino right now “presents unique challenges” that include the uncertainty over the gaming expansion in illinois and the effects of the COVID-19 pandemic on the gaming industry in general.

She mentioned the lease agreement on the property as one of the reasons. The rapid expansion of the Illinois gaming market on the Chicago area of the region. Likewise, Trait mentioned the pandemic causing uncertainty in the gaming market.

Per Tait:

“Granting relief regarding divestiture timing is in the best interest of the state and local community, and will not negatively impact operations at the property.”

Complying With IGC’s Stipulations

The Horseshoe Casino is one of three Indiana casinos that the gaming giant must sell to comply with the IGC’s stipulations for El Dorado’s $17.3B acquisition of Caesars. The sales was directed to prevent an “undue economic concentration of the state’s gaming industry following the merger.

Last month, Caesars announced the sale of Tropicana Evansville to Twin River Worldwide Holdings for $480M. Earlier this month, the Eastern Band of Cherokee Indians signed a letter of intent that gives the North Carolina tribal nation a 45-day period to buy Caesars Southern Indiana.

Caesars is retaining Harrah’s Hoosier Park and Indiana Grand. The two racinos are the only properties that are situated less than an hour away from Indianapolis. Aside from that, state legislature has allowed the two tracks to offer table games this year. Caesars is planning to infuse a combined $60M to add more table games to both spots

Biggest Casino in the State

The Horseshoe Casino is the biggest Indiana casino. Located less than a mile from Chicago and the state line of Illinois, it has 2,135 electronic games and 1,105 table positions which are the most by any Indiana casino.

Per the Gaming Commission’s annual report, the Horseshoe Casino generated a revenue of $309.3M during the fiscal year. That amount is $85M more than the income of the second-largest Indiana casino. It also generated $99.8M in taxes which was nearly double the $51.1M paid by the Indiana Grand.

Horseshoe’s $24.9M in local development agreement funding outpaced the next closest Indiana casinos combined. Hotel Lawrenceburg, Tropicana, and Ameristar East Chicago which have a total of $23.1M.

Boyd Gaming and Aristocrat Launch Cashless Wagering Digital Wallet

Row of Slot Machines in Casino

As one of its responses to the COVID-19 pandemic, Boyd Gaming Corporation has partnered with Aristocrat Technologies for the introduction of a cashless wagering digital wallet at Boyd’s Blue Chip Casino Resort Spa in Michigan City, Indiana.

With regulators asking gambling operators to come up with cashless strategies to combat the spread of the COVID-19 virus and customers looking to a convenient way to place bets, Boyd and Aristocrat have heeded the call. During an announcement last Monday, Boyd Gaming Senior Vice President and Chief Information Officer Blake Rampmaier said this innovation will enhance client experience at Boyd properties.

Added Rampmaier:

“Building on our strategic partnership with Aristocrat, Boyd Gaming continues to add best-in-class mobile cashless wagering and contactless solutions that will greatly enhance the patron experience at our properties. As previously announced, we will continue to leverage our partnership with Aristocrat to drive mobile innovation in a secure and exciting environment for our patrons.”Resort Wallet Feature

The digital wallet is part of Boyd’s “Resort Wallet” scheme. Under this feature, Boyd patrons can can place an amount on the account at the cashier’s cage. Then they can use their casino Loyalty Cards to access the casino floor and play games.This digital wallet eliminates the need to use cash when playing slot machines.

As of the moment, this cashless wallet feature can only be experienced by slot machine players, allowing them to use their B Connected loyalty cards to place wagers and cash out credits.However, Boyd plans to expand its use to table games, restaurants, and other casino amenities.

Expanding To Other Properties

The new product is currently limited to Blue Chip Casino but Boyd plans to expand its use to its other properties across the country, pending regulatory approvals and depending on the success of its maiden launch.Boyd Gaming also intends to integrate this cashless wallet to its B Connected Mobile App so that their patrons will fully experience touchless gaming.

With many regulators calling for the development of a cashless payment system, Boyd and Aristocrat believe that this pandemic-hit period is the best opportunity to offer cashless gaming solutions.

IGT Inks Sports Betting Pact With Boyd Gaming Corp.

IGT

International Game Technology PLC announced on Wednesday that it has inked a sports betting technology deal with casino operator Boyd Gaming Corp.

Under the agreement, IGT will cover the equipment for Boyd Gaming’s retail sportsbooks in the state of Nevada and the technology for the mobile app ans sports betting site of the casino operator. For its part, Boyd has agreed to deploy IGT’s PlaySports self-service betting kiosks throughout its Las Vegas-based casinos. Both companies have agreed to a phased rollout for the services and features covered in this long-term agreement.

Said IGT PlayDigital Senior Vice President Enrico Drago:

“IGT and Boyd Gaming will create a dynamic omnichannel sports betting product that is sure to stand apart in Nevada, the most mature and high-volume sports betting destination in the U.S. IGT’s PlaySports platform enables Boyd Gaming to differentiate its sports betting product in meaningful ways that position them to attract new players and grow revenue in the segment.”

Not their First Partnership

Aside from offering Boyd’s clients with a more progressive sports betting platform, the PlaySports agreement will allow the US. casino operator to have an improved back office navigation, and the ability to update its app in line with real-time data and betting trends. Likewise, players will enjoy new features on the app as well as a wider variety of bets.

This isn’t the first time that Boyd Gaming and IGT have partnered. Since 2018, PlaySports has been powering Boyd Gaming’s sports betting facilities in its gaming properties in Iowa, Indiana, Mississippi, and Pennsylvania.

Boyd Casino operates a total of 29 casinos in 10 different states. When it comes to Nevada, three of its three Las Vegas casinos remain closed since they were ordered by the government last March to shut down operations as part of the health and safety measures during the coronavirus pandemic. Earlier this week, one of those Casinos–Eldorado, was granted approval by the Henderson City Council to make its gaming and liquor license non-operational until 2021.

IGT and FanDuel

Boyd Gaming’s regional casinos have a sports betting partnership with FanDuel. The latter runs the sportsbook in seven of Boyd’s regional casinos and mobile sports betting apps in Pennsylvania and Indiana. They are expected to launch a digital sports betting app at Boyd’s Par-A-Dice Casino in Illinois. 

Earlier this month, IGT and FanDuel extended their U.S. partnership through 2024. Through this agreement, FanDuel sportsbooks in eight states will utilize the IGT platform. Meanwhile, FanDuel will offer IGT’s online casino games in Pennsylvania and New Jersey where the former currently operates.

IGT is a global leader in gaming solutions including gaming machines, lotteries, sports betting and digital. It has established relationships with governments and regulators in over 100 countries worldwide. 

Churchill Downs is Likely to Buy Caesars Southern Indiana Casino

Indiana’s casino industry is in a very interesting position. Not long ago, the state’s Gaming Board officially approved the massive merger between Caesars Entertainment and Eldorado Resorts. Rumors are now beginning to surface that Churchill Downs is interested in buying Caesars Southern Indiana Casino.Churchill Downs

Many feel this move makes sense. This purchase would give this company a huge new stake in the Indiana casino industry. Today, we’re going to look at when Caesars Southern Indiana might be taken over.

Let’s get into it!

Indiana Gaming Board Finally Approves Eldorado-Caesars Merger

In mid-2019, officials within Eldorado Resorts and Caesars Entertainment announced they planned to merge. Caesars had been struggling for years and some experts predicted that another casino company would take it over. The news of the Eldorado-Caesars merger spread like wildfire.

After the merger, this would become the most powerful casino company in the United States. Obviously, a deal of this size takes a long time to complete. The FTC and various state gambling commissions around the country needed to approve the deal before it could come together.

As time went on, more of these commissions gave approval. Towards the end, only Nevada, New Jersey, and Indiana were left to give the green light. In early July, officials within the Indiana Gaming Board gave Eldorado and Caesars the thumbs up to come together.

It was incredible news for these companies. They have since gained all final approvals to come together. Eldorado will take on the Caesars name and now has permission to control all of its properties around the world.

In order for Indiana to approve this deal, however, the Gaming Board requires Caesars to sell some of its properties. That includes the Caesars Southern Indiana Casino. Some analysts are now making their predictions on which company will purchase this popular casino.

Experts Predict Churchill Downs Will Buy Caesars Southern Indiana Casino

As we just mentioned, the new Caesars is now the most powerful casino company in the country. Indiana’s Gaming Board recognized that once the merger is complete, the new company would control 50% to 60% of the state’s gambling revenue. Board members required the company to sell three of its major properties in the state before the merger could be approved.

The Caesars Southern Indiana Casino is set to go up for sale. Many now feel that Churchill Downs will acquire this new venue. It would give the Louisville, Kentucky-based company a major advantage in the local gambling scene.

Indiana gambling analyst Ed Feigenbaum called the move a “no-brainer,” and believes it would help to significantly increase Churchill Downs’ revenue flow.

“Churchill can protect its backyard, add to its Indiana customer base, and obtain a missing link between its Chicagoland properties and Louisville,” he said. “The company has the resources, and should have no trouble being licensed.”

Officials at Churchill Downs are keeping quiet about this possibility. It’s likely that several different companies will bid for the right to acquire this gambling venue.

Is now the best time for companies to invest in new properties, though?

US Casino Companies Remain in a Tough Spot

When the merger between Eldorado and Caesars was first announced, it seemed like the perfect move for both companies. No one could have predicted where the casino industry would be at the time of the merger’s completion. Obviously, things are not ideal right now for major US casino companies.

Gambling revenue across the country remains significantly lower than it was in 2019. Despite most states reopening their casinos, visitation to these gambling venues remains low. Many simply don’t want to play inside a crowded casino during a global pandemic.

This is affecting certain parts of the country worse than others. Casino companies continue to do everything they can to increase their revenue figures. That includes increasing safety measures inside casinos and focusing more on online gambling operations.

Some feel that this is not the best time for casino companies to buy major properties. No one really knows how things will look six months from now. There’s a chance that the US casino industry is in an even worse spot than it is right now.

On the other hand, casino sale prices may be lower now than they were last year. Perhaps that offers Churchill Downs a good opportunity with Caesars Southern Indiana Casino. We’ll need to wait and see how this company moves forward over the next few weeks.

Stay tuned for more US casino news over the next few weeks!

Indiana Horse Racing Commission Approves Eldorado and Caesars to Merge

The merger between Eldorado Resorts and Caesars Entertainment has been ongoing since June of 2019. As many already know, it’s the largest deal ever made between two casino companies. Before this merger can be completed, both companies need approval from various state gambling commissions. This week, the Indiana Horse Racing Commission officially approved Eldorado and Caesars to merge.Eldorado And Caesars Logo

It’s fantastic news for these major casino operators. This deal is close to being finalized. Now is the perfect time to look at what still needs to be done for this massive deal to finally conclude.

Let’s get into it!

Meetings With State Gambling Commissions Have Concluded

Back in June of 2019, Eldorado Resorts shocked the US gambling industry by announcing it paid an incredible $17.3 billion to acquire Caesars Entertainment. Both Eldorado and Caesars have major casino-resorts all over the country. This merger would form the largest casino company in the United States.

It takes a long time for something like this to come together. Various state gambling commissions need to approve this merger. Before it could come together, the FTC also needed to ensure this deal would not result in a monopoly.

After more than a year, it seems this merger is nearly finished. The FTC has officially given the green light for both companies to join forces. After, only three more state gambling commissions needed to approve the deal.

This month, members of Eldorado and Caesars have been meeting with members of the New Jersey, Indiana, and Nevada gambling commissions. Nevada gave its approval for the deal last week. Only two more commissions were left.

Officials within Eldorado and Caesars met with regulators in Indiana on July 10th. Some felt that these commission members may find some issues with the deal. Fortunately, they have given the green light for things to move forward.

Indiana Horse Racing Commission Approves Eldorado and Caesars to Merge

The meetings taking place in Las Vegas right now are historic. With approval from the three commissions, these companies can finally come together. New reports confirm that two of these commissions have now officially given the green light.

The official Indiana Gaming Commission approved this deal to move forward last Friday. Today, members of the Indiana Horse Racing Commission unanimously voted to allow Eldorado and Caesars to merge, as well. It’s the final hurdle needed for both companies to come together in Indiana.

With this decision, horse racing licenses from Harrah’s Hoosier Park and the Indiana Grand can now be transferred from Caesars to Eldorado Resorts. Of course, there are 22 conditions that must be met for the licenses here to remain valid.

Eldorado Resorts’ CEO Tom Reeg commented on the approval during the meeting, promising to help grow the state’s gambling industry.

“We know that racing is why you have the casino opportunities that you have in these two properties, and our pledge to you is to drive that racing business to another level,” Reeg said. “You’re already at a really high level. We’ll work to take it even higher.”

With the news, these two companies only need approval from one more state. Investors are now looking closely at how Eldorado’s share prices may change over the next few weeks.

Investors Are Now Looking Closely at Eldorado Resorts

Everyone feels that commission members in New Jersey will give the green light for this merger to move forward. Once that happens, Eldorado Resorts will become the largest casino company in the US. Obviously, that’s an exciting prospect for investors.

Recently, several major US casino companies saw their share prices surge. China announced that travel restrictions to and from Macau were lifting. As a result, many US casino companies with property in Macau are likely to see their earnings increase rapidly.

This goes to show how many opportunities are available for investors in this industry. According to a new report, Eldorado’s stock price could increase by an incredible 150% over the next couple of weeks.

It’s an extremely unusual time for the world’s land-based casino industry. Casino companies are doing everything they can to attract new players and increase their revenue. Just about everyone expects Eldorado and Caesars to merge sometime next month.

We’ll continue to offer updates on this historic deal. Our team will also continue to write about the situation over in Macau. Stay tuned!

4,000 Employees Get Furloughed Across 3 Indiana Casinos

Indiana CasinoThree different casinos in Indiana have furloughed a combined total of nearly 4,000 employees due to the coronavirus pandemic.

The affected casinos include Harrah’s Hoosier Park Racing and Casino, Indiana Grand Racing Casino in Shelbyville, and Horseshoe Hammond.

Harrah’s Hoosier Park Racing and Casino cited they furloughed 998 employees since March 16. Indiana Grand Racing Casino furloughed 1,126 employees on April 1. Horseshoe Hammond furloughed 1,693 employees since March 16.

While these furloughs are expected to be temporary, the fluid nature of the pandemic could see them lasting longer, and possibly even be permanent.

Casinos File through the Warn Act

The Worker Adjustment and Retraining Notification (WARN) Act was put into place to help provide workers with ample time to prepare for job transitions and protection for workers, their families, and communities with the requirement that employers provide 60-days-notice of plant closings or mass layoffs.

However, with the unexpected nature of the outbreak, an advanced 60-day notice was simply not possible.

With the public health emergency, compliance was not something that could be foreseen in advance, and it’s a reason why for leeway that’s been given to the casinos.

According to Trent McIntosh, Senior Vice President and General Manager of Harrah’s Hoosier Park Racing and Casino, their notice was given as soon practically possible under the circumstances.

Indiana’s Gaming Figures Plummet in March

With figures not unique to the state of Indiana, their gaming figures have plummeted in the month of March due to the coronavirus.

It’s no surprise that American casinos have taken a heavy economic hit with the forced closure of casinos that began in March.

For the month of March, Indiana’s 12 licensed casinos and racinos made $90.6 million in adjusted gross revenue (AGR).

Compare that number with February’s AGR however, which was $192.5 million. That’s a 52.9 percent drop in gross revenue.

COVID-19 is also Crunching Indiana’s City Budget

It appears it’s not just the state’s casinos that are taking a financial blow, but the losses those casinos are generating is causing the state to cut city budgets to make up for lost direct revenue and lost employment taxes.

The state’s major attractions are looking at their budgets and cutting out any and all unnecessary attractions.

Sports Betting in Indiana Takes a Back Seat to COVID-19

March was gearing up to be a historic month for the state of Indiana, as it was the first March for legalized sports betting.

With sports being canceled due to the pandemic, however, it made for a less-than-impressive month. March was going to be chock-full of sports bets, with the NCAA Tournament and March Madness going on, but the suspension of the NBA season put that to an abrupt halt.

Things were going well for Indiana on the sports bet front in February, hitting $187.2 million in placed bets. Their betting handle for March, however, was $74.8 million.

Before March came, Indiana was fourth place in the sports betting market throughout the entire nation, an impressive feat indeed. They were only behind Pennsylvania, New Jersey, and Nevada.

Stay Tuned

With the fluid nature of COVID-19, it’s unsure whether or not these furloughs will be a temporary solution or end up being permanent.

Indiana isn’t alone when it comes to being strategic with its budget amid the coronavirus crisis. Other casinos across the country, namely Las Vegas, have also resorted to furloughs and layoffs to deal with the economic downturn of the outbreak.

We hope that Indiana’s sports betting market will bounce back once business returns to normal. We’re optimistic that it will.

Be sure to check back for coronavirus casino updates!

Indiana’s Sports Betting Market Continues to Expand with BetMGM Launch

Soccer Player Kicking Ball Into Goal, BetMGM Logo
On Tuesday, Boyd’s Belterra casino celebrated the official launch of BetMGM’s mobile sportsbook. That makes for the fifth mobile sportsbook in the state.

Last month, BetMGM held a temporary license but was officially cleared on Feb. 25. The BetMGM app is powered by Roar Digital, a partnership between MGM Resorts International and GVC: Great Britain’s betting technology leader.

BetMGM now has four mobile states in the US: New Jersey, where they originally launched, Nevada, West Virginia, and Indiana. When you visit BetMGM’s official site, it asks, “Where do you want to play?” with an option to click on one of the four state’s portals.

Indiana’s Growing Sports Betting Market

With Governor Eric Holcomb signing SB 552 into law last May, Indiana has been diving deep into the sports betting industry.

From December to January, sports betting revenue jumped 5.6% to $170.8 million. The online handle of their sports betting industry included a 11.6% growth, hitting $123.4 million.

DraftKings Sportsbook and FanDuel Sportsbook dominated the online handle, with DraftKings alone contributing $66 million to the total number. The majority remainder was taken by BetRivers, with BetIndiana and PointsBet receiving less than $90,000.

A full list of the five, live sportsbook apps currently available in the state:

Sportsbook Launch date
DraftKings Sportsbook Oct. 3, 2019
FanDuel Sportsbook Oct. 26, 2019
BetRivers Oct. 3, 2019
BetAmerica Dec. 30, 2019
BetMGM Feb. 25, 2020

The sportsbook apps that the state eventually expects to see at an unknown date: Fox Bet, PointsBet, William Hill, and Caesars Sportsbook.

BetMGM’s Planned Future Launches

MGM COO, Bill Hornbuckle, says BetMGM could very well be in eight states by year’s end. Besides their mobile offerings, they also operate retail sports betting. Three states are already planned for the near future: Pennsylvania, Colorado and Iowa. BetMGM has high future hopes for Michigan in particular.

Hornbuckle said he hopes the company will dominate in Michigan, where MGM operates MGM Grand Detroit.

About BetMGM

When legal sports betting first launched throughout the US, BetMGM operated under a different name, “PlayMGM.” PlayMGM was the 1.0 version of BetMGM we know today. Today, BetMGM offers many exciting and convenient features for its players, including early cash out, live in-game betting, odds boosts, and more payment options including PayPal and Skrill.