Clicky

  • Login
  • Register
  • Submit Your Content
  • Contact Us
Friday, October 11, 2024
World Tribune
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
Submit
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
No Result
View All Result
World Tribune
No Result
View All Result

BetMGM wagers that new technology, football can lead to a resurgence

October 8, 2024
in News
Reading Time: 2 mins read
A A
BetMGM wagers that new technology, football can lead to a resurgence
0
SHARES
ShareShareShareShareShare

READ ALSO

Novo and Eli contender Zealand Pharma targets ‘next generation’ of obesity drugs

Grab CEO Anthony Tan gives his no. 1 piece of advice for entrepreneurs

BetMGM wagers that new technology, football can lead to a resurgence

As BetMGM tries to regain momentum in the gaming market, it’s banking in part on gains in NFL betting and the draw of new technology.

The company is the third largest U.S. sportsbook by market share, but has lost ground in recent years in both sports gambling and igaming, or online casino gambling, where it once held the number one position.

CEO Adam Greenblatt is counting on newly launched technology to woo customers, he told CNBC on Tuesday at the Global Gaming Expo in Las Vegas.

He cited the company’s integration this year of Angstrom, which uses modeling and predictive AI for data analytics, risk and pricing. During the spring baseball season, BetMGM credited the new tech for powering a 209% increase in MLB home run betting over the same time frame a year earlier.

BetMGM in August launched a single, digital wallet for betting in Nevada. It means customers can take home what they win in the same app, which reduces friction. And Greenblatt said it’s already boosting results this football season.

“What we are seeing now, year on year, season to date for NFL, 125% increase in first-time depositors in Vegas. And what’s particularly exciting is that more than 50% of those players who signed up for the first time with BetMGM in Nevada are playing when they get to their home states,” Greenblatt told CNBC.

Though BetMGM fell from first to third place in the lucrative igaming segment, where margins are higher and the potential total addressable market is greater, the company’s chief executive is optimistic he has a winning formula.

“Our players are coming back from week to week in a way, in a more engaged way than in prior periods,” he said.

Credit: Source link

ShareTweetSendSharePin
Previous Post

Prices fall as recent rally takes a breather

Next Post

Jets’ Woody Johnson is New York’s worst sports owner

Related Posts

Novo and Eli contender Zealand Pharma targets ‘next generation’ of obesity drugs
News

Novo and Eli contender Zealand Pharma targets ‘next generation’ of obesity drugs

October 11, 2024
Grab CEO Anthony Tan gives his no. 1 piece of advice for entrepreneurs
News

Grab CEO Anthony Tan gives his no. 1 piece of advice for entrepreneurs

October 11, 2024
Tesla robotaxi event comes after years of Elon Musk’s missed deadlines
News

Tesla robotaxi event comes after years of Elon Musk’s missed deadlines

October 11, 2024
Meta finally finds success in AR, VR three years after changing name
News

Meta finally finds success in AR, VR three years after changing name

October 10, 2024
Is China’s stock market rally behind Indian equity losses?
News

Is China’s stock market rally behind Indian equity losses?

October 10, 2024
CPI inflation September 2024
News

CPI inflation September 2024

October 10, 2024
Next Post
Jets’ Woody Johnson is New York’s worst sports owner

Jets' Woody Johnson is New York's worst sports owner

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

What's New Here!

Aidan Hutchinson favored after hot start

Aidan Hutchinson favored after hot start

September 20, 2024
Survey: New Zealand digital natives prefer in-person mental health support

Survey: New Zealand digital natives prefer in-person mental health support

September 30, 2024
Fed Governor Waller says inflation softening faster than he expected put him in half-point-cut camp

Fed Governor Waller says inflation softening faster than he expected put him in half-point-cut camp

September 20, 2024
Catalina Crunch® Welcomes Sarah Van Houten as New Chief Financial Officer to Drive Financial Strategy and Support Continued Growth

Catalina Crunch® Welcomes Sarah Van Houten as New Chief Financial Officer to Drive Financial Strategy and Support Continued Growth

September 18, 2024
Beds sold at Amazon, Walmart recalled due to collapse hazard

Beds sold at Amazon, Walmart recalled due to collapse hazard

September 20, 2024
China property stocks rally after major cities ease homebuying restrictions

China property stocks rally after major cities ease homebuying restrictions

September 30, 2024
DarioHealth integrates Twill cardiometabolic platform and more digital health news

DarioHealth integrates Twill cardiometabolic platform and more digital health news

September 13, 2024

About

World Tribune is an online news portal that shares the latest news on world, business, health, tech, sports, and related topics.

Follow us

Recent Posts

  • Novo and Eli contender Zealand Pharma targets ‘next generation’ of obesity drugs
  • Sardinia is urging visitors to stay off the beaches and explore the island during the off-season—in a bold move to tackle mass tourism
  • Heroes, zeros from Yankees’ ALDS Game 4 win: Gleyber Torres plays peacemaker
  • Thai cash handouts led to ‘very good’ September: Berli Jucker CEO

Newslatter

Loading
  • Submit Your Content
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2024 World Tribune - All Rights Reserved!

No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food

© 2024 World Tribune - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In