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Mergers & Acquisitions

MGM Resorts seeking more tribal sports betting partnerships

MGM Resorts International is stepping up its search for potential sports betting partnerships with tribes across the US.

MGM lion

The operator has retained the services of TFA Capital Partners (TFA) to help support its pursuit for sports betting partnerships throughout Indian Country, where TFA has plenty of relationships.

MGM and its US partner GVC Holdings announced a partnership with the United Auburn Indian Community covering California and the Indian community in October.

MGM’s proposed solution includes but is not limited to: sports betting self-service kiosks, mobile sports betting products, marketing and operating consultation, premier odds setting/trading/risk management services as well as employee training and operational readiness assessments.

Scott Butera, MGM Resorts’ President of Interactive Gaming, said: “We are excited to bring TFA abroad as sports betting continues to roll out across the United States. Sports betting represents a significant opportunity for both the tribal nations and the MGM-GVC joint venture.

“We look forward working with the TFA team to develop mutually beneficial relationships that offer the joint venture entry into new markets while providing our tribal nation partners with additional capabilities and resources to drive incremental demand to their casino properties.”

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