RCS - Entain PLC - BetMGM launches single digital wallet in Nevada

EntainAnnouncement

22/08/2024 11:00

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RNS Number : 4486B  Entain PLC  22 August 2024

BetMGM Sports Betting App Leads Industry with Only Seamless Nationwide Access
for Nevada Bettors

 

Single digital wallet eliminates the need to complete multiple registrations

 

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LAS VEGAS (August 22, 2024) - BetMGM (http://www.betmgm.com) , a leading
iGaming and sports betting company, is setting a new industry standard by
becoming the first sports betting app to offer Nevada bettors seamless,
nationwide connectivity through a single, digital wallet. Through its
operation and partnership with MGM Resorts International and powered by
Entain's technology, this innovative feature makes BetMGM the only legalized
sports betting app to allow Nevada residents and visitors to wager in the
state and carry their funds to BetMGM mobile markets nationwide.

 

"We're proud to lead the charge in Nevada with a single account and wallet
that simplifies and elevates the betting experience," said Adam Greenblatt,
BetMGM CEO. "Our players can now immerse themselves in the excitement of MGM
Resorts' Las Vegas destinations or statewide while seamlessly continuing to
place wagers in other BetMGM markets."

 

The convenience of BetMGM's single account and wallet feature allows the user
to sign up once in- person at an MGM Resorts property in Nevada and then enjoy
the enhanced sports betting app across all U.S. BetMGM mobile markets. New
Nevada customers can sign up by downloading the mobile app, completing the
verification steps, and visiting one of BetMGM's nine retail sportsbooks
including Bellagio, ARIA, The Cosmopolitan of Las Vegas, MGM Grand, Park MGM,
Mandalay Bay, New York-New York, Luxor or Excalibur to complete their
registration. When traveling to another jurisdiction, users will receive a
pop-up message upon opening the app allowing them to switch to their account
within the BetMGM market where they are currently located. Customers also can
manually select their market within the app's account tab to view their
account for that state.

 

In February, BetMGM introduced a newly designed mobile sports betting app in
Nevada that features an increased variety of Entain's Angstrom-powered prop
and parlay offerings along with digital deposits and withdrawals. Several new
product enhancements also are expected to elevate the BetMGM experience for
the start of the 2024 professional football season.

 

New Nevada customers can download the BetMGM app and receive a first bet offer
of up to $250 paid back in bonus bets (offer only available in Nevada). Bonus
bets are non-withdrawable and expire in seven (7) days. Existing users can
check the promotions tab in their app for incentives such as parlay boost
tokens, odds boosts and other available offers. Players also can earn BetMGM
Rewards Points and Tier Credits by playing on BetMGM Sportsbook which are
redeemable for digital bonuses and MGM Rewards Points.

 

BetMGM currently operates in 29 markets across North America with mobile and
retail offerings. The BetMGM Sportsbook app is accessible on both iOS and
Android.

As BetMGM continues to expand to new markets, responsible gambling education
remains a key focus. BetMGM is proud to provide resources to help customers
play responsibly including GameSense, an industry-leading program, developed
and licensed to MGM Resorts by the British Columbia Lottery Corporation.
Through the integration within BetMGM's mobile and desktop platforms,
customers can receive the same GameSense experience they have grown to rely on
at MGM Resorts properties nationwide. This complements BetMGM's already
existing responsible gambling tools which serve to provide customers with an
entertaining and safe digital experience.

 

For more information, follow @BetMGM (https://twitter.com/BetMGM) on X.

 

Disclaimer

See BetMGM.com for Terms. 21+ only. NV Only. Subject to eligibility
requirements. Bonus bets are non-withdrawable. Gambling Problem? Call
1-800-GAMBLER.

 

 

 

 

About BetMGM

BetMGM is a market-leading sports betting and gaming entertainment company,
pioneering the online gaming industry. Born out of a partnership between MGM
Resorts International (NYSE: MGM
(https://www.prnewswire.com/news-releases/betmgms-newly-designed-state-of-the-art-sports-betting-app-launches-in-nevada-302053767.html#financial-modal)
) and Entain Plc (LSE: ENT), BetMGM has exclusive access to all of MGM's U.S.
land-based and online sports betting, major tournament poker, and online
gaming businesses. Utilizing Entain's U.S.-licensed, state-of-the-art
technology, BetMGM offers sports betting and online gaming via market-leading
brands including BetMGM, Borgata Casino, Party Casino and Party Poker. Founded
in 2018, BetMGM is headquartered in New Jersey. For more information, visit
https://sports.betmgm.com/en/blog/
(https://c212.net/c/link/?t=0&l=en&o=4084904-1&h=3962061617&u=https%3A%2F%2Fsports.betmgm.com%2Fen%2Fblog%2F&a=https%3A%2F%2Fsports.betmgm.com%2Fen%2Fblog%2F)
.

 

Forward-Looking Statement

Statements in this release that are not historical facts are forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995, as amended, which involve substantial risks and/or uncertainties,
including those described in MGM Resorts International's public filings with
the Securities and Exchange Commission. Forward-looking statements can be
identified by the use of forward-looking terminology such as "believes,"
"expects," "could," "may," "will," "should," "seeks," "likely," "intends,"
"plans," "pro forma," "projects," "estimates" or "anticipates" or the negative
of these words and phrases or similar words or phrases that are predictions of
or indicate future events or trends and that do not relate solely to
historical matters. BetMGM has based forward-looking statements on
management's current expectations, assumptions and projections about future
events and trends. Examples of these statements include, but are not limited
to, BetMGM's expectations regarding launch of the new BetMGM app
in Nevada and new enhancements available in the app such as single, digital
wallet, expanded pre-game and in-game options, digital deposits and
withdrawals, BetMGM rewards integration, and same-game parlay+. These
forward-looking statements are not guarantees of future performance,
conditions or results, and involve a number of known and unknown risks,
uncertainties, assumptions and other important factors, that could cause
actual results or outcomes to differ materially from those discussed in the
forward-looking statements. Included among the important factors that could
cause actual results to differ materially from those indicated in such
forward-looking statements are: risks related to the effects of economic
conditions and market conditions in the markets in which BetMGM operates, the
significant competition within the gaming and entertainment industry; risks
that launch of the app does not occur or does not occur in the manner
described herein; BetMGM's ability to execute on its business plan; changes in
applicable laws or regulations, particularly with respect to iGaming and
online sports betting; BetMGM's ability to manage growth and access the
capital needed to support its growth plans; BetMGM's ability to obtain the
required licenses, permits and other approvals necessary to grow in existing
and new jurisdictions, and additional risks and uncertainties described in MGM
Resorts International's Form 10-K, Form 10-Q and Form 8-K reports (including
all amendments to those reports). In providing forward-looking statements,
neither MGM Resorts International nor BetMGM is undertaking any duty or
obligation to update these statements publicly as a result of new information,
future events or otherwise, except as required by law. If MGM Resorts
International or BetMGM updates one or more forward-looking statements, no
inference should be drawn that it will make additional updates with respect to
those other forward-looking statements.

 

MEDIA CONTACTS:

BetMGM
Jennifer Arapoff

Jennifer.Arapoff@betmgm.com (mailto:Jennifer.Arapoff@betmgm.com)

 

Robert Flicker

BetMGM@kirvindoak.com (mailto:BetMGM@kirvindoak.com)

 

About Entain plc

Entain plc (LSE: ENT) is a FTSE100 company and is one of the world's largest
sports betting and gaming groups, operating both online and in the retail
sector. The Group owns a comprehensive portfolio of established brands; Sports
brands include BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds,
Sportingbet, Sports Interaction, STS and SuperSport; Gaming brands include
Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and
PartyCasino. The group operates the TAB NZ brand as part of a long-term
strategic partnership with TAB New Zealand. The Group owns proprietary
technology across all its core product verticals and in addition to its B2C
operations provides services to a number of third-party customers on a B2B
basis.

The Group has a 50/50 joint venture, BetMGM, a leader in sports betting and
iGaming in the US. Entain provides the technology and capabilities which power
BetMGM as well as exclusive games and products, specially developed at its
in-house gaming studios. The Group is tax resident in the UK and is the only
global operator to exclusively operate in domestically regulated or regulating
markets operating in over 30 territories.

Entain is a leader in ESG, a member of FTSE4Good, the DJSI and is AA rated by
MSCI. For more information see the Group's website: www.entaingroup.com.

 

 

About MGM Resorts International

MGM Resorts International (NYSE: MGM) is an S&P 500® global gaming and
entertainment company with national and international locations featuring
best-in-class hotels and casinos, state-of-the-art meetings and conference
spaces, incredible live and theatrical entertainment experiences, and an
extensive array of restaurant, nightlife and retail offerings. MGM Resorts
creates immersive, iconic experiences through its suite of Las Vegas-inspired
brands. The MGM Resorts portfolio encompasses 31 unique hotel and gaming
destinations globally, including some of the most recognizable resort brands
in the industry. The Company's 50/50 venture, BetMGM, LLC, offers sports
betting and online gaming in North America through market-leading brands,
including BetMGM and partypoker, and the Company's subsidiary, LV Lion Holding
Limited, offers sports betting and online gaming through market-leading brands
in several jurisdictions throughout Europe. The Company is currently pursuing
targeted expansion in Asia through the integrated resort opportunity in Japan.
Through its "Focused on What Matters: Embracing Humanity and Protecting the
Planet" philosophy, MGM Resorts commits to creating a more sustainable future,
while striving to make a bigger difference in the lives of its employees,
guests, and in the communities where it operates. The global employees of MGM
Resorts are proud of their company for being recognized as one of FORTUNE®
Magazine's World's Most Admired Companies®. For more information, please
visit us at www.mgmresorts.com
(https://c212.net/c/link/?t=0&l=en&o=4215815-1&h=1711520733&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4199323-1%26h%3D839648104%26u%3Dhttp%253A%252F%252Fwww.mgmresorts.com%252F%26a%3Dwww.mgmresorts.com&a=www.mgmresorts.com)
. Please also connect with us @MGMResortsIntl on Twitter as well as Facebook
and Instagram.

 

 

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