BetMGM Announces Official Partnership Expansion With Sportradar
Portfolio Pulse from Benzinga Newsdesk
BetMGM, a leading sports betting and iGaming operator, has expanded its partnership with Sportradar (NASDAQ:SRAD) to gain access to products and services powered by official NBA optical tracking data. This is the first time Sportradar will provide BetMGM with such data, which will help BetMGM grow its prop markets, same-game parlay portfolio, and in-play betting markets.
October 25, 2023 | 12:38 pm
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POSITIVE IMPACT
BetMGM's expanded partnership with Sportradar will provide it with access to NBA optical tracking data, which could enhance its betting markets and potentially increase its revenues.
BetMGM's expanded partnership with Sportradar will provide it with access to NBA optical tracking data, which could enhance its betting markets. This could attract more users and potentially increase its revenues, which is likely to have a positive impact on its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Sportradar's partnership with BetMGM is expected to enhance its product offerings and potentially increase its revenues.
Sportradar's expanded partnership with BetMGM will allow it to provide more products and services, which could lead to increased usage and potentially higher revenues. This is likely to have a positive impact on its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100