Online casino and sports betting behemoth BetMGM have moved to further consolidate their place in the market by signing a new deal with games developer Net Gaming. In doing so, they will offer their players a wider range of great games, which will aid them in their efforts to retain and attract even more users.
BetMGM is one of the biggest players in the online gaming space in the US, and they are hugely popular wherever they are based. As an example, a list of the best online casinos in Michigan certainly includes the household name brand.
Oliver Bartlett, Director of Gaming at BetMGM, sang the praises of the deal, stating enthusiastically;
“At BetMGM we’re driven to offer players more choices and the most entertaining, fresh and exclusive content available on the market. We’re thrilled to be working with NetGaming, as they have an exciting portfolio of games that will appeal to our customers in Michigan and beyond.”
As big and important as BetMGM is to the online gaming space, the same can be said of Net Gaming. The developer is well known for their best titles, which include 3 Wild Jokers, Bison, and Crypto Fortunes.
The deal certainly helps to boost Net Gaming’s exposure, and Pallavi Deshmukh spoke about the exciting direction the company is heading in, stating;
“We are thrilled to launch in Michigan with BetMGM. It’s a testament to our hard work over many years. Securing a long-term deal with the top iGaming operator in the U.S. is extremely exciting and we look forward to working with BetMGM to deliver entertaining games. This is just the beginning of our relationship with BetMGM, as we intend to launch our content across the country, as more states regulate.”
BetMGM’s online casino offers users over 150 games and paid out over $100 million in terms of progressive jackpots in 2022.
NetGaming has over 1800 titles in its arsenal, and this is certainly good news for players in Michigan.
BetMGM reported revenue of $944 million for the first half of 2023, and CEO Adam Greenblatt is excited by the future of the brand, stating;
"I am pleased with the significant progress we have made during the first half of 2023 as we continue our strong growth and remain on our path to profitability. Our financial guidance for the year remains on track – we expect to deliver $1.8 to $2.0 billion in full-year revenue, as well as to be EBITDA positive in the second half of 2023. In fact, we have already achieved positive EBITDA for the full second quarter of this year.”
“Our focus remains on building a sustainable, scalable and returns-focused business with leading products that our players enjoy responsibly. We look forward to the remainder of the year, buoyed by ongoing product improvements, tremendous support from our shareholders providing access to new assets and partnerships, and – above all – our extraordinary team at BetMGM." Greenblatt added.
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