MGM’s New Sports Betting App is Coming to Nevada

For years, MGM Resorts International has operated one of the largest sports betting applications in the country, called PlayMGM. Recently, the company teamed up with GVC to relaunch this betting platform called BetMGM. Today, MGM’s new sports betting app will officially launch in Nevada.MGM Resorts Logo

Many feel this is a long time coming. The original betting application from MGM Resorts faced criticism. Hope is that this one turns out to be considerably better.

Let’s take a look at what the new sports betting app has to offer!

Nevada’s Sports Betting Industry Continues to Grow

Nevada has always been the sports gambling capital of the United States. In fact, for many years this was the only state where sports betting was even legal. That all changed in May of 2018 when the US Supreme Court struck down PASPA.

This decision immediately gave every state in the country the ability to legalize sports betting. Within just months, several states officially launched their first regulated sportsbooks. Many felt this would take away from the sports betting revenue that Nevada was used to earning.

That hasn’t necessarily been the case, though. While competition in this industry has increased, Nevada’s sports betting industry has continued to grow. The fact remains that millions of tourists still flock here every month and many of them place bets on sporting events.

It’s good news for major gambling companies in the city, many of whom continue to invest in their sports betting operations. Several major casino-resorts in Las Vegas also recently launched new sportsbooks. More are likely to open here over the next few years.

The online sports wagering industry hasn’t taken off in Las Vegas like many expected it would. Some blame the poor betting applications. MGM Resorts recognized this and is now working to improve their online sportsbook platform.

MGM’s New Sports Betting App Launches in Nevada Today

PlayMGM, the first online sportsbook created by MGM Resorts International, launched to the public back in 2019. As we already mentioned, the app faced a fair share of criticism almost immediately. Company officials began discussing plans to re-launch the app in the near future.

Eventually, MGM announced that it was teaming up with GVC Holdings to launch a new online sports betting platform. This new app, called BetMGM, is expected to be considerably better than the first betting application. Today, MGM’s new sports betting app officially launches in Nevada.

MGM recently had a soft launch of the app in Nevada. Today, the app is truly opening to the public. It offers pre-bets, in-bets, parlays, prop bets and more. It also allows for wagering on professional and collegiate sports.

Adam Greenblatt, CEO of Road Digital, the joint venture between MGM Resorts and GVC, spoke about the launch to the media this week.

“We’re proud to formally introduce the new BetMGM app in Nevada today,” he said. “MGM Resorts’ iconic properties across Las Vegas and GVC’s technology combine to deliver a streamlined sports betting experience that’s easy to use and exciting to play.”

The sportsbooks across all of MGM Resorts’ major Las Vegas Strip properties will soon be rebranded. We’ll need to wait and see how popular this new betting platform becomes.

Coronavirus Fears Continue to Escalate in Las Vegas

2019 was a fantastic year for Las Vegas. Almost every single month, revenue in the city increased dramatically. Unfortunately, many now fear that 2020 will be a tough month for the city due to concerns over the coronavirus.

Covid-19 has already spread to many states across the country and has infected more than 250 individuals. Two cases have already been confirmed in Clark County. It seems like just a matter of time before a case is confirmed inside Las Vegas.

The spread of this virus could lead to a significant decrease in tourism here. It may eventually force the city’s major casino-resorts to temporarily shut down, as well. This would be devastating to the economy of Nevada.

State governments are still working hard to contain this virus. As of now, these efforts have been largely successful. Every day, several new cases are reported in new areas of the country.

Exactly how this will affect Las Vegas is still unknown. For now, it does not appear that the coronavirus is having a significant impact.

MGM’s new sports betting app is finally here. If you’re in the city, check the app out and place some bets!

GVC Holdings is Focused on Responsible Gambling

One of the biggest and most profitable gambling companies in Europe is working hard to establish a name for itself in the US market. GVC Holdings, which owns companies such as Ladbrokes, has already begun operating in several US states. Recently, this company revealed that it’s focusing hard on promoting responsible gambling.

GVC Holdings Logo

State governments want to ensure that their residents don’t fall into gambling addiction. Today, we’re going to look at GVC Holdings’ new push into the US and talk about how this company plans to promote responsible gambling. Let’s get into it!

US Sports Betting Market Open Up to Foreign Companies

There’s never been a better time for both sports bettors and sports betting companies looking to enter the US market. In May of 2018, the Supreme Court officially struck down PASPA. This now allows every state in the country to set their own laws on the sports gambling industry.

New Jersey was the first US state to legalize sports betting after PASPA was struck down. In less than two years, this state has grown to become the most lucrative sports betting market in the country. New Jersey is now earning even more than Nevada from its sports gambling operations.

Unsurprisingly, a huge number of European-based sports betting companies are now working to break into the US market, Several already have. William Hill, for example, has restructured its entire company to better suit the US sports gambling industry.

GVC Holdings is also currently working its way into the United States. This company partnered with MGM Resorts International in 2017 to launch a new online sports betting app. This week, GVC announced that it was launching a new foundation to promote responsible gambling.

GVC Holdings Launches Responsible Gaming Foundation

As we’ve just mentioned, GVC Holdings is now active in the United States. This week, the company announced a new plan to curb problem gambling. This company has officially launched a new foundation that’s focused on responsible gambling, corporate compliance, and sports integrity.

The new foundation will team up with Harvard Medical School, the National Council on Problem Gambling (NCPG), and National Center for Responsible Gambling. The goal is to develop several US educational programs that warn gamblers about the dangers of addiction.

Martin Lycka, director of regulatory affairs at GVC Holdings, recently commented on this new company foundation to the media this week.

“This new US Foundation extends our Global Foundation,” he said. “The range of new initiatives and quality of partnerships express our global commitment to Corporate Social Responsibility (CSR).”

In partnership with the NCPG, GVC Holdings will collaborate on the development of responsible gambling educational programs for active military service personnel and veterans in 2020.

It’s great news to hear this company working to fight against the spread of gambling addiction in the United States.

GVC’s US Operations Are Already a Massive Success

Everyone knows that the US is now the most lucrative new gambling market in the world. It was expected that any companies entering this market would profit massively. Fortunately for GVC Holdings, it’s US betting app is already proving to be a huge success.

This company officially raised its annual core earnings forecast for the second straight time this year. GVC’s app, called BetMGM, is helping to generate the company’s major revenue earnings. Now, the company expects full-year core earnings of about $818.07 million.

Russ Mould, investment director of AJ Bell, confirms that the company is benefiting from its expansion into the US.

“The company’s fortunes seemed to have turned around since reporting half year results in August when it said the full year should be better than expected,” Mould said. “True to its word, its latest trading update confirms that business is going swimmingly.”

It’s likely that GVC Holdings will continue breaking into new states over the next few years. Perhaps in time, this company will even begin offering online casino gambling options in the US.

Stay tuned for more updates over the next few months!