Mgm Resorts International, Grupo Globo Form New Venture Seeking Sports Betting & iGaming License In Brazil To Launch In Early 2025
Portfolio Pulse from Benzinga Newsdesk
MGM Resorts International and Grupo Globo have formed a new venture to seek a sports betting and iGaming license in Brazil. If approved, the venture will launch in early 2025 under the BetMGM brand.
August 15, 2024 | 1:06 pm
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MGM Resorts International has partnered with Grupo Globo to seek a sports betting and iGaming license in Brazil. If approved, the venture will launch in early 2025 under the BetMGM brand.
The partnership with Grupo Globo positions MGM Resorts to enter the rapidly growing Brazilian market, potentially boosting its revenue and market presence. The news is likely to positively impact MGM's stock in the short term.
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