BetMGM wagers that new technology, football can lead to a resurgence
MGM Resorts International(MGM) CNBC·2024-10-08 19:17
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 integ ...