JERSEY CITY, N.J., May 28, 2021 /PRNewswire/ -- BetMGM announced
today a partnership with NYRA Bets, LLC (NYRA Bets), the official
online wagering platform of the New York Racing Association, Inc.
(NYRA) and a leading provider of horse racing content in
the United States. NYRA Bets will
become BetMGM's first horse racing partner, allowing customers to
watch and wager on premier Thoroughbred, Harness, and Quarter Horse
races at more than 200 tracks around the world.
"We've found a great partner in NYRA Bets and look forward to
working with them to create a thrilling, interactive experience for
horse racing fans on BetMGM," said BetMGM CEO Adam Greenblatt.
Launched as a national online wagering platform in 2016, NYRA
Bets achieved rapid growth last year as new customers gravitated
toward horse racing, one of the few sports able to operate during
the early stages of the COVID-19 pandemic. NYRA Bets features a
secure, state-of-the-art wagering platform that allows its
customers to conveniently and securely watch and wager from home.
NYRA Bets is available in 30 states and continues to expand its
reach and customer base throughout the country.
NYRA Bets President Tony Allevato
said, "This is the type of partnership that reflects the importance
of horse racing within the rapidly evolving sports betting
marketplace. BetMGM has consistently led the charge to expand
wagering opportunities for their customers, and we are thrilled
that our horse racing content will soon be available on their
platform."
BetMGM will utilize the NYRA Bets wagering platform in its Horse
Racing app for Apple and Android devices as well as on desktop.
Customers will have access to daily horse racing content, live
streaming video and race replays and can also wager on marquee
events in the United States like
the Kentucky Derby, Preakness,
Belmont Stakes and the Breeders' Cup, as well as international
events such as the Royal Ascot meet, Melbourne Cup, Saudi Cup and
the Dubai World Cup.
As BetMGM continues to expand to new areas, responsible gaming
education remains a key focus. BetMGM is proud to provide resources
to help customers play responsibly. For more information on BetMGM,
follow @BetMGM on Twitter.
About NYRA BETS, LLC (NYRA Bets)
NYRA Bets, LLC (NYRA
Bets) is the official advance deposit wagering (ADW) platform of
the New York Racing Association, Inc. (NYRA). Launched as a
national ADW in 2016 and currently available to customers in 30
state, NYRA Bets provides fans the opportunity to wager on tracks
worldwide from anywhere at any time. The NYRA Bets app is available
for download today on iOS and Android at
NYRABets.com
ABOUT BETMGM
BetMGM is a market leading sports
betting and digital gaming entertainment company, pioneering the
online gaming industry. Born out of a partnership between MGM
Resorts International (NYSE: MGM) and Entain (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 US-licensed state of the art technology, BetMGM
offers sports betting and online gaming via market leading brands
including BetMGM, Borgata Casino, Party Casino and PartyPoker. For
more information, visit http://www.betmgminc.com/.
Statements in this release that are not historical facts are
"forward-looking" statements and "safe harbor statements" within
the meaning of the Private Securities Litigation Reform Act of 1995
that involve risks and/or uncertainties, including those described
in MGM Resorts' public filings with the SEC. MGM Resorts has based
forward-looking statements on management's current expectations and
assumptions and not on historical facts. Examples of these
statements include, but are not limited to, statements regarding
the future results of BetMGM. Among the important factors that
could cause actual results to differ materially from those
indicated in such forward-looking statements include effects of
economic conditions and market conditions in the markets in which
MGM Resorts operates and competition with other destination travel
locations throughout the United
States and the world, the design, timing and costs of
expansion projects, risks relating to international operations,
permits, licenses, financings, approvals and other contingencies in
connection with growth in new or existing jurisdictions and
additional risks and uncertainties described in MGM Resorts' Form
10-K, Form 10-Q and Form 8-K reports (including all amendments to
those reports). In providing forward-looking statements, MGM
Resorts is not 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 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.
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