Industry News of the Day for November 8, 2022

iDEA Growth Member News

Industry News

  • Legal Sports Report: MGM Resorts Bullish On BetMGM Profitability In 2023
    • MGM Resorts echoed its BetMGM joint venture partner, Entain, that profitability should come at some point in 2023. CEO Bill Hornbuckle was not ready to say on MGM’s third-quarter earnings call Wednesday if BetMGM‘s profitability could come sooner than next year’s third quarter.
  • PlayUSA: The State of Play: Multiple Markets Preparing For Launch; California Poised To Fail
    • Even outside of the seasonal surge in sports betting volume, October was a busy month for gambling news. The Global Gaming Expo (G2E) returned to Las Vegas, for starters, with attendance for the annual trade show returning to pre-pandemic levels of around 25,000 visitors. Of course, it’s hard to ignore sports betting this time of year. Football season is in full swing, and hockey and basketball have put us into the meaty part of the calendar for both sports and gambling.
  • Legal Sports Report: Business By The Books: Online Sports Betting Changing Casino Demographics
    • In the years before legal online sports betting, almost every gaming conference would include a panel about how to get younger customers into retail casinos. Many options failed: skill-based games, esports and younger-skewing IP for games rarely had a positive effect.




  • Ohio Casinos And Racinos Just Shy Of Record In October After Bringing In $192 Million
    • The hot streak of records for Ohio’s casinos and racinos ended in October, with revenue coming up just short of the record set a year ago. Combined, the 11 facilities brought in $192.1 million in gambling revenue, slightly down from the $192.7 million reported in October 2021, according to reports Monday from the Ohio Casino Control and Lottery commissions.