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MGM , Boyd Gaming Ink 'Unprecedented' Online Gambling, Sports Betting Deal

The news came at the same time as MGM officially announced a deal with GVC Holdings to provide its online gambling and sports betting platform. The two huge gaming companies, which have casinos in a combined 15 states, said they will work together on online casino, sports betting and poker as opportunities crop up in new states. The deal’s goal, a press release from MGM, is “to significantly increase each company’s market access and customer base throughout the United States.” Currently, some form of online gambling is legal in four states, while sports wagering is coming to at least six states by the end of 2018 or early 2019. How will the partnership work? More from MGM: Under this partnership, MGM Resorts and Boyd Gaming will both have the opportunity to offer online and mobile gaming platforms – including sports betting, casino gaming and poker – in jurisdictions where either Boyd Gaming or MGM Resorts operate physical casino resorts and online licenses are available.

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Global Online Gambling & Betting Market to Reach US$ 128.2 Bn by 2026: TMR

This allows users to witness and engage in gambling and betting activities in real-time through their Internet-enabled electronic devices. Rise in penetration of Internet-based devices, trust on wagering through online mode of payment, and relaxation of laws have boosted the online gambling & betting market across the globe. Based on device type, the mobile segment is anticipated to expand at a significant CAGR of around 16 % during the forecast period. Request a Brochure for Research Insights at  https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2662 Factors, such as, increase in prevalence gambling, disposable income of consumers, trust in a wagering through electronic payment mode of online gambling & betting, and growth in penetration of the Internet, along with adoption of Internet-based devices, are driving the growth of the online gambling & betting market. However, stringent regulatory laws for online gambling, insufficient facility for internet operations, and threat of cyber-attack are the major challenges faced by the online gambling & betting market. Furthermore, the online gambling & betting market faces threats from regulatory bodies implementing stringent laws and regulations in terms of social-political aspects and the availability of option to wager in traditional or offline gambling & betting. Nevertheless, integration of live streaming with online gambling and development of online gambling & betting sites with advanced technology as per requirement of end-users are likely to create new opportunities in the market. Request a PDF Sample at  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2662 The global online gambling & betting market report offers detailed segmentation based on gaming type, device type, and region. According to the report, based on gaming type, the sports betting segment is anticipated to expand at a significant CAGR of about 14 % during the forecast period. Casino was the second leading segment of the online gambling & betting market in terms of value in 2017. In terms of value, the sports betting and casino segments are projected to expand at a CAGR of about 14 % and 12 %, respectively, during the forecast period.

For the original version including any supplementary images or video, visit https://www.prnewswire.com/news-releases/global-online-gambling-amp-betting-market-to-reach-us-128-2-bn-by-2026-tmr-822031789.html