MGM Resorts has a "lot to be optimistic" about when it comes to igaming given its recent performance in the sector, Deutsche Bank said in a note on the company's Q4 results.
"In Michigan, the iCasino is off to a fast start, with GGR per day averaging close to $1 mm, while sports betting revenue over the 10 day period, which, we note, included two NFL playoff weekends, generated ~$0.3 mm per day," it said.
As expected, we believe this places BetMGM firmly in the 3/4 market position in sports in MI.
Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.
ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264