More of MGM Resorts’ Plans for 2022 are Starting to Surface

Las Vegas Sign With MGM And Strip Background

Few casino companies have quite as large of a name as MGM Resorts International. 2021 has been a big year for this company and it seems as if next year will be even better. This week, more of MGM Resorts’ plans for 2020 started to surface.

It’s clear that this major gaming operator has plans for expansion. Today, we’ll talk about some of the things that MGM is looking to accomplish.

Let’s get into it!

Here’s a Quick Look at MGM Resorts’ Plans for 2022

The US gambling industry has been faring extremely well through 2021. That is incredible to see when considering how difficult things were for gambling operators here in 2020. MGM Resorts International is one company to see consistent revenue increases throughout the year. It has recently gone through several major casino sales and seems interested in more in the future.

2021 is slowly coming to an end and casino companies are starting to look ahead. Several of these companies have begun announcing important plans for next year. That includes MGM Resorts, which appears to have several important ideas for the future.

New reports claim that MGM is looking into the possibility of opening a new casino on the Las Vegas Strip. The company appears to be working toward securing land near The Excalibur. It’s unclear how large this new property would be, yet many remain interested in seeing what MGM is planning.

MGM Resorts also seems focused on expanding its betting operations around the country. This company was one of the few to obtain an online sports betting license in New York. Many feel that New York will grow to become one of the largest sports betting industries in the country and will likely bring companies like MGM Resorts a huge amount of revenue.

More details on MGM Resorts’ plans for 2022 are expected to come out over the next few months. We’ll be sure to offer more details on this company’s big moves as 2022 goes on.

State Reports on Casino Revenue Continue to Surface

Casinos around the US have seen incredible revenue earnings throughout 2021. In fact, the American Gaming Association’s prediction that this would be the best year in history for the casino industry has turned out to be correct. Most states have posted several record-breaking revenue figures throughout the year.

Many states are now beginning to release revenue reports for the month of November. Analysts are surprised to see how well various gambling hubs are faring. Some reported better earnings over the month than others.

Ohio has just released its revenue reports for November. The casinos here managed to bring in $178.8 million over the month. That represents a slight month-on-month dip, yet is a huge increase when compared to November of 2020.

Maryland is another state that is experiencing a huge year-on-year casino revenue increase. The gambling properties here reported $160.4 million over November. That is a 23% jump in revenue and shows how popular casino gambling is in the state.

Casinos are still faring very well right now. It seems likely that gambling revenue will increase significantly throughout 2022. Stay tuned for updates!

Sports Betting Revenue is Surging Around the US Right Now

The casino industry is far from the only one that is succeeding right now. The US sports betting industry has grown tremendously over the past couple of years. Sports betting revenue has been consistently increasing throughout 2021 and has apparently brought in a huge amount of money in November.

Oregon is one state to report major sports betting revenue growth. The online sports betting industry here reported a total handle of $32.6 million. The lone online sports betting app here managed to bring in $4.4 million in gross gaming revenue.

Nevada, New Jersey, and Pennsylvania all saw a huge amount of sports betting revenue flow in during November. Most of the wagers have been on the ongoing NFL season. Football betting is expected to intensify as the playoffs approach.

A huge amount of states have recently legalized sports betting, too. That includes Ohio and Maryland. Most analysts expect to see a number of more states choosing to legalize sports gambling in 2022.

What do you think of MGM Resorts’ plans for 2022? Will next year be just as successful for the sports betting industry? Let us know in the comments section below.