MGM has reasons for iGaming optimism: Deutsche

MGM Resorts has a “lot to be optimistic” about when it comes to igaming given its recent performance in the sector, Deutsche Bank said in a note on the company’s Q4 results.

“In Michigan, the iCasino is off to a fast start, with GGR per day averaging close to $1 mm, while sports betting revenue over the 10 day period, which, we note, included two NFL playoff weekends, generated ~$0.3 mm per day,” it said.

As expected, we believe this places BetMGM firmly in the 3/4 market position in sports in MI.