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.
Esports entrepreneur Mellissa Kong, who runs REES, an esports engagement platform, speaks to Asia Gaming Brief editor Felix Ng about how hospitality and retail brands, including integrated resorts, can better use their esport spaces to attract gamers to their properties.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.