BetMGM Online Casino is Now Available in Pennsylvania
BetMGM just announced the launch of the BetMGM Casino in Pennsylvania. The digital operator offers a portfolio of virtual table games and online slots to punters in the Keystone State.
“We’re thrilled to be able to bring our online casino services to Pennsylvania. With over 140 games, including our in-house progressive jackpots network, we plan to deliver the widest collection of casino content to punters in the state. Along with MGM Resorts and the M Life Rewards program, BetMGM will also offer players a truly novel experience”, said Adam Greenblatt, BetMGM’s CEO.
Available on Android, iOS, and desktop, BetMGM Casino brings players a state-of-the-art mobile casino gaming experience that is easy to play and interactive. Apart from video slots, players can also access a wide range of slots tournaments, roulette, blackjack, and progressive jackpots exclusive to PA.
BetMGM’s integration with MGM Casino’s M Rewards program allows customers in the state to redeem their gaming points at every MGM property across the state, including the Bellagio and MGM Grand in Las Vegas, MGM National Harbor in Maryland, and Borgata in New Jersey.
The news closely follows in the footsteps of BetMGM signing up as the Official Gaming Partner of the Pittsburg Steelers. BetMGM Casino is also on its way to offering sports betting services, which should go live statewide in the next few weeks, provided the licenses arrive on time.
BetMGM Share Prices Rise Following the Pennsylvanian Excursion
The share prices of MGM Resorts International rose following the gambling giant’s public announcement revealing BetMGM’s foray into the Pennsylvanian market. BetMGM soon confirmed that its entire portfolio is now available in PA. Thus, prompting investors to make a dash keeping future profits in mind.
MGM Resorts International share prices are projected to rise again shortly as the operator commences sports betting in Pennsylvania. Prices were up by 1.9% on Friday to $30.48. This comes as a breath of fresh air following the share prices dropping by over 8% in 2020 following the global pandemic.
MGM Casino suffered massive losses during the downtime as a business in Las Vegas and Macau shut down over an extended period. However, while COVID-19 hurt the brick-and-mortar casino business, it massively boosted the iGaming industry. MGM’s foray into the Keystone State highlights the intense competition in the regional market. This move will surely hurt the rivals to a certain degree.
Perhaps the prime example is DraftKing’s share prices plummeting 1.4% to $49.39 right after the public announcement. FanDuel was lucky as parent Flutter Entertainment is traded in Europe, and the market shut down for the week before the announcement.
BetMGM is a leading online gambling platform born out of a partnership with MGM Resorts International and GVC Holdings Plc. BetMGM has exclusive rights to all of MGM’s US properties, including land-based and online businesses. BetMGM offers a wide array of iGaming services via GVC Holding’s state-of-the-art technology.