MGM Resorts International and Grupo Globo Partner for Brazilian Gaming Initiatives
MGM Resorts International, a leading player in gaming, betting, and hospitality, has announced a collaboration with Grupo Globo, Latin America’s largest media organisation. The aim of this partnership is to establish a new entity that will pursue a gaming and betting licence in Brazil.
The companies have indicated that, pending successful licensing, they plan to introduce their betting and gaming services to Brazilian customers by the end of the year, operating under the BetMGM brand. Bill Hornbuckle, president and CEO of MGM Resorts, emphasised the company’s ambition to become the leading gaming firm globally and noted that this strategic partnership with Grupo Globo marks a significant advancement in their growth strategy.
He highlighted Brazil as one of the fastest-growing gaming markets worldwide, emphasising Grupo Globo's unmatched experience in this sector.
It’s important to note that Brazil's regulated gambling market is valued at over $3 billion, with more than 20 million active sports bettors. Furthermore, the betting sector in the country is expected to experience double-digit growth annually.
18 August 2024, 09:26
Betting
Brazil sets deadline for unlicensed gambling operators
18 September 2024, 15:49
BetMGM Becomes General Partner of USA TODAY Sports
17 September 2024, 09:01
Flutter Entertainment buys more than 56% of Brazil's NSX Group
14 September 2024, 10:06
Three times more bets were placed on the Paris Olympics than on the Beijing Games
12 September 2024, 10:18
Endeavor Sells OpenBet and IMG Arena
11 September 2024, 17:20
Kambi Comments on Rumours of Buying Genius Sports
4 September 2024, 16:26
Other news
EveryMatrix Set to Acquire Fantasma Games
19 September 2024, 15:00
Pennsylvania's Total Gambling Revenue Reaches $525.5 Million
19 September 2024, 11:05
Brazil sets deadline for unlicensed gambling operators
18 September 2024, 15:49
Fantasy Life made the footballer an ambiguous offer
18 September 2024, 10:43
Flutter Entertainment to Buy Playtech's Snaitech for $2.56 Billion
17 September 2024, 16:48
BetMGM Becomes General Partner of USA TODAY Sports
17 September 2024, 09:01
Three major Las Vegas casinos to be led by one executive
16 September 2024, 16:51
Playtech and Caliente end long dispute over Caliplay money
16 September 2024, 11:09
UK footballers join new anti-gambling campaign
15 September 2024, 15:04
Star Entertainment Group reminded of possible licence revocation
15 September 2024, 11:51
Fox Seeks to Buy FanDuel Stake Below Market Value
14 September 2024, 15:00
Flutter Entertainment buys more than 56% of Brazil's NSX Group
14 September 2024, 10:06
Articles
Expert Opinion: Why Betting Can't Survive Without AI Analysis of Sports Data
13 September 2024, 11:00
Finnish Gambling Market Reform: Veikkaus Resurgent vs Kindred's Leadership
10 September 2024, 19:00
Brazil's CPI and the Fight Against Match-Phishing
3 September 2024, 17:59
Why California Tribes Are Revolting Against Card Rooms
30 August 2024, 18:00
US Gambling Industry: Can More Deals Be Made?
28 August 2024, 17:00
Categories