BetMGM’s Post

The rich are getting richer. The sports betting industry is dominated by a few big players, is there ample room for second-tier sportsbooks to compete and thrive? It appears to be a heavy lift. How do you create brands that can scale to profitability by both reducing the cost of customer acquisition and churn through offering more competitive odds, personalized customer service, and innovative betting options that appeal to a segment of bettors looking for something different from the mainstream offerings. https://lnkd.in/gauNfmtb #SportsBetting #Innovation #MarketOpportunities

The leading provider of sports betting technology and solutions, Kambi Group, announced a new long-term agreement with LiveScore Group of companies. Under the terms of the new strategic long-term collaboration, Kambi agreed to power the Group’s sportsbooks, LiveScore Bet and Virgin Bet brands across the globe. Per the new deal, the provider agreed to supply its cutting-edge sports betting platform, along with a suite of award-winning products and managed services. Sam Sadi, LiveScore Group’s CEO, revealed that the company is delighted to join forces with Kambi, a leading provider of sportsbook solutions and technology. According to him, the new partnership will propel the company’s growth within the sports betting vertical. “By combining the strengths of Kambi’s technology with LiveScore Group’s world-class sports betting brands, media assets and in-house product teams, I believe we are ideally equipped to create truly memorable experiences for our users,” explained Sadi in conclusion. Kristian Nylén, Kambi’s CEO and co-founder, shared the excitement of LiveScore Group’s boss. He explained that LiveScore is the perfect partner for Kambi, considering its strong presence across the betting sector and solid leadership team. Last but not least, Nylen predicted that the agreement would bring benefits for the two companies. Read the full article ➡ https://lnkd.in/dvbGxXSF #business #technology #gambling #gamblingnews #b2b #global

America's Bet Shop is a sports betting network initiative with aspirations to establish a nationwide network of brick-and-mortar sports betting shops within existing retail locations. Their strategy involves partnering with established businesses, such as convenience stores, bars, and restaurants, to leverage their existing customer bases and physical infrastructure to expand the accessibility of sports betting across the country. This approach presents several potential advantages for America's Bet Shop and its partners. By placing sports betting kiosks or designated areas within existing retail settings, the company can reduce the upfront costs of establishing and operating dedicated sportsbooks. Additionally, the presence of sports betting options can attract new customers to these establishments, potentially boosting overall sales and foot traffic. The success of America's Bet Shop's strategy will depend on several factors, including the regulatory environment for sports betting in each state, the willingness of existing retailers to partner with the company, and the overall popularity of sports betting among consumers. If successful, this model could revolutionize the way sports betting is accessed and experienced in the United States. #GamblingIndustry #SportsBetting #Sportsbook #kiosks #AmericasBetShop #BetShop #RetailBetting #Betting

In the world of online #gambling, partnerships that merge cutting-edge technology with innovative platforms are pivotal. The collaboration between @FirstSportsbook, a leader in online #sportsbetting solutions, and @iGP, an emerging force in casino technology provision, exemplifies this synergy. This article delves into how their partnership is poised to reshape the landscape of digital wagering solutions, providing insights into their technologies, operational advantages, and the anticipated industry impact. Partnership Overview First Sportsbook and iGP have joined forces to integrate First’s Tier 1 sportsbook solution into iGP’s platform ecosystem. This strategic alliance aims to empower iGP’s partners, including white label operators, with a comprehensive suite of sports betting capabilities. #BettingMarkets #business #CasinoPlatform #cloudbasedaggregator #digitalwagering #iGaming #iGamingtechnology #onlinesportsbetting #PromotionalTools #realtimeinsights #sportsbooksolutions #Tier1operators

BetMGM, a leading sports betting and iGaming operator jointly owned by MGM Resorts International and Entain, has announced robust financial results for the fiscal year 2023, according to unaudited figures. The recent report reflected on the performance of some key verticals, providing insights into the operator’s strategy and plans to tackle rising industry challenges. BetMGM witnessed a remarkable 36% year-over-year growth in net revenue from operations, reaching $1.96 billion. This performance was at the upper end of the $1.8-$2.0 billion guidance range. Despite an expected FY 2023 EBITDA loss of approximately $67 million, the operator achieved positive EBITDA for the second half of 2023, indicating impressive growth. The company demonstrated year-over-year improvement in various key metrics. Same-state growth in net revenue from digital operations was 14%, aligning with improvements in other figures like average monthly actives, first-time depositors, hold percentages, bonus levels, and cost per acquisition. These results bode well for the operator, enabling easier expansion. Read the full article ➡ https://lnkd.in/dnGpQJbj #business #finance #gambling #gamblingnews #igaming #global

We at Betr are thrilled to announce our new market access partnerships for Sportsbook and the introduction of Betr Casino in 2024 ahead of our V1 Sportsbook launch. Through the success of Betr Picks, we have validated that our playbook of simpler and more intuitive user experiences built for casual fans on the product front, and original short form video built for the next generation of sports fans on social media on the distribution front, are winning strategies for rapidly and efficiently scaling a new real money gaming business in the U.S. The data we are seeing not only suggests that we are building a large and highly profitable real money gaming and media business, but that we are doing so by bringing new users into the category. We plan on replicating this playbook for Betr Sportsbook and Betr Casino after releasing V1 of our Sportsbook later this year. By the end of 2024, we should see a further step change in our scale, while also having successfully laid the foundations of at least four distinct business units: Betr Fantasy, Betr Sportsbook, Betr Casino, and Betr Media. https://lnkd.in/eE6ifcF8

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🎲 Sports Betting & iGaming News! 🥊 🇧🇷 Brazil is set to regulate online sports betting and iGaming in 2024.  The Brazilian Chamber of Deputies approved a new regulation on December 21, 2023, which President Luiz Inacio Lula da Silva signed into law on December 30. Key highlights include:  👉 Operators must obtain a license from the Finance Ministry and adhere to stringent Know Your Customer (KYB) and Anti-Money Laundering (AML) requirements.  👉 Licenses are valid for 5 years, costing up to R$30 million for up to 3 brands. Operators will be taxed 12% on gross gaming revenue, and bettors will pay 15% on net winnings. 👉 Operators must offer self-exclusion tools. A survey found that 87% of Brazilian gamers believe licensing and taxation will enhance oversight and consumer protection.  🥳 Washington D.C. boosted its digital sports betting budget.  The Washington D.C. Council approved its FY2025 budget on June 25, 2024, which includes opening the digital sports betting market. Currently, FanDuel is the sole platform, but this will change under the new budget. 🎰 SCCG Managed Services picks PLYMKR for innovative betting solutions. SCCG Managed Services partnered with PLYMKR to leverage their advanced sports betting kiosks and retail gaming technology. This partnership positions them to capitalize on the growing U.S. sports betting market. If you want to work in this fast-growing industry, click the link in the first comment👇

Players.Club 🏆 DraftKings Inc., FanDuel, BetMGM and more..... 🔥 The world of sports betting is witnessing an exhilarating transformation, with the legalization and mainstream adoption of this exciting form of entertainment. Here in Scottsdale, DraftKings Inc. is building a sportsbook and dining complex directly across from the TPC of Scottsdale. 40 gambling kiosks and 7 betting ticket windows. Amazing. Major players have been investing massive amounts to acquire their coveted gambling clients, but the real challenge lies in keeping these precious patrons engaged and loyal for the long run. 🎰💸 🏅 Rewarding Excellence, Elevating the Experience 🏅 At this pivotal moment in the industry, we present an extraordinary solution to safeguard your brand and retain your cherished clientele - introducing Players.Club, the digital domain brand that embodies exclusivity, prestige, and unparalleled rewards. Imagine the power of sending personalized notices to your top bettors, inviting them into the elite realm of Players.Club, where they'll bask in special perks and benefits that elevate their sports betting experience to unmatched heights! Protecting Your Brand, Embracing Customer Loyalty The cost of acquisition is undoubtedly sky-high, but nurturing a loyal and devoted community of bettors is the key to lasting success. With Players.Club as your digital ally, you have the ammunition to fortify your brand's identity while securing the unwavering loyalty of your valued clients. By providing exclusive access to Players.Club, you can create a sense of belonging, where the best bettors are truly appreciated and rewarded for their dedication. 🏅 A Unique Edge in the Competitive Arena In a fiercely competitive landscape, staying ahead is the name of the game. Players.Club isn't just a domain; it's your ace in the hole - a tool to amplify engagement, instill brand loyalty, and keep your bettors coming back for more thrilling action. Let Players.Club serve as the beacon that sets your SportsBook apart, reinforcing trust and loyalty while driving the success of your esteemed enterprise. 🏆 As the world of sports betting flourishes, safeguarding your brand and your valued clients is paramount. Players.Club is your golden ticket to unlocking the full potential of customer loyalty and providing an unparalleled betting experience.  Broker participation welcomed; $99,000 for this exceptional digital brand. Inquiries to Fred@GeocentricMedia.com. #sportsbook #sportsbetting #casino #casinogames #lasvegas #vegas #betting #domains #loyaltyprograms #loyaltyrewards

EveryMatrix’s business-to-business sportsbook division, OddsMatrix, has launched Fast Markets just in time for the upcoming soccer season. As a result, its partnering operators will be able to engage fans with exciting real-time markets for their favorite game. The newly-launched product will encompass a variety of in-game, time-driven betting options. The Fast Markets will thus provide an important revenue stream for sports betting companies. OddsMatrix’s chief executive officer, Tor Skeie, commented on the launch of the Fast Markets, highlighting the importance of such products. He explained that such products have skyrocketed in popularity, making them an important selling point for operators. OddsMatrix wanted to remain ahead of the curve and, as a result, decided to launch its own micro betting products. Skeie confirmed that his team plans to roll out more micro betting products for many other sports: "Fast Markets offers the real-time continuous betting opportunities of iGaming but with the skill of sports betting and we plan to build more betting options across many more sports in the coming months, particularly for U.S sports where tier-1 brands have already experienced significant increases in betting volumes as a result of micro betting." Read the full article ➡ https://lnkd.in/dVUqB9MV #global #soccer #sports #gambling #gamblingnews #innovation