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MGM's BetMGM Expands Into Missouri With New Sportsbook & Mobile App
ZACKS· 2025-12-02 17:50
Key Takeaways MGM expands in Missouri with BetMGM's mobile app and new sportsbook at Century Casino & Hotel Cape Girardeau.BetMGM's record Q3 performance prompted a boosted full-year EBITDA outlook of about $200 million.North America and Europe posted strong BetMGM results, with MGM expecting at least $100 million in Q4 returns.BetMGM, jointly owned by MGM Resorts International (MGM) and Entain plc, has begun offering both mobile and in-person sports betting in Missouri, in partnership with Century Casinos ...
MGM YONKERS SUBMITS COMMERCIAL CASINO LICENSE APPLICATION IN NEW YORK
Prnewswire· 2025-06-26 20:15
Core Viewpoint - MGM Yonkers Inc. has submitted a $2.3 billion proposal to transform the Empire City Casino into a commercial casino and entertainment destination, aiming to benefit the local community and the State of New York [1][2][6] Group 1: Project Details - The proposal includes full renovation and expansion of existing gaming areas, a high-limit lounge, and a state-of-the-art BetMGM Sportsbook for retail sports betting [2] - Plans feature a 5,000-person capacity entertainment venue and meeting space for various performances and community events [2] - The project will also introduce three new full-service restaurants and renovate existing dining options [3] Group 2: Economic Impact - Since its opening in 2006, Empire City Casino has generated over $5 billion for New York State education, with $1.6 billion contributed since MGM Resorts took ownership in 2019 [5] - The project is expected to create thousands of direct, induced, and indirect jobs, enhancing economic activity in the region [7] - If awarded the license, 20% of generated tax revenue will be distributed, with 10% to Yonkers, 5% to Westchester County, and 5% to Rockland and Putnam counties [6] Group 3: Sustainability and Community Commitment - The proposal includes a parking garage with solar energy arrays and electric vehicle parking, showcasing MGM Resorts' commitment to sustainability [3] - Significant investments are planned for public infrastructure improvements in Yonkers, including roads and water lines [8] - MGM Resorts emphasizes building and sustaining communities as a core belief, integrating energy-efficient methods in the project [8]