2024.07.05
online casino s bonusemCFO CFO Jonathan Halkyard is eyeing international markets. The Chinese government takes a hard stance against online wagering, and that’s unlikely to change anytime soon. Legislation to allow sports betting is active in two more states.This summer, nine states each handled sports bets in the hundreds of millions of dollars. 4 king slots casinoTakeover rumors involving Entain, which usually center around MGM, aren’t dying down. These numbers are expected to go higher with the football season now in full swing.In Japan, it could take six or seven years before gaming properties there are operational, assuming winning cities are selected early next year.Acquisition Could Be Effective AvenueHalkyard acknowledges that outside of Japan and Macau, the pool for land-based casino expansion on an international level is shallow.“Realistically the opportunity for integrated resorts is not going to be in a wide number of jurisdictions, and the capital cost can be pretty extreme. casino jamaica clearwater casino 4th of julydoubledown casino promosNationwide, 26 states already allow bettors to wager on live sporting events. Nationwide, 26 states already allow bettors to wager on live sporting events. “Then, to the extent that it is regulated, online offerings internationally.”Currently, MGM’s international portfolio of land-based assets consists of the MGM China unit, which controls the MGM Macau and MGM Cotai integrated resorts in Macau. hollywood casino epic buffetNevada handled the second-highest total, 9.9 million. The Chinese government takes a hard stance against online wagering, and that’s unlikely to change anytime soon. If anything, the chatter is gaining momentum, with some market participants seeing Entain as the most likely UK-based company to be acquired this year.In January, the Bellagio operator made an .06 billion takeover offer for the PartyPoker owner, which the target ultimately rebuffed.With a possible Entain purchase, MGM would accomplish the goal of moving BetMGM into new countries. nearest casino in escondido downstream casino maptripadvisor soaring eagle casinoThat’s because the Ladbrokes owner is one of the most visible sportsbook operators in the UK, throughout Europe, and in Australia.Plans for M life RewardsHalkyard said MGM is aiming to deploy an omnichannel strategy for BetMGM, through which members of the online players would join MGM’s M life Rewards customer loyalty program, and accrue points through BetMGM play.Some investors see considerable untapped value in the marriage of online gaming and traditional loyalty programs.One of the largest casino loyalty plans, M life Rewards, has more than 34 million members, making its possible integration with BetMGM practical and potentially lucrative.But in our spots — Macau and Japan — we would expect to be a player there,” he said.The MGM CFO didn’t comment on potential acquisitions. Nevada handled the second-highest total, 9.9 million. He reiterated the company’s pursuit of the santa ana casino seafood buffetasset-light strategy that’s seen it jettison an array of property assets and shed some smaller, underperforming businesses.When I think about what this company needs to be, definitely the best-known brand, most trusted brand in gaming,” Halkyard said at the Bank of America Conference. If anything, the chatter is gaining momentum, with some market participants seeing Entain as the most likely UK-based company to be acquired this year.In January, the Bellagio operator made an .06 billion takeover offer for the PartyPoker owner, which the target ultimately rebuffed.With a possible Entain purchase, MGM would accomplish the goal of moving BetMGM into new countries. Hurricane Ida forced the Saints to play their home opener this year in Florida. cliff castle casino fireworks south lake tahoe casinos covid 19 |