were a number of developments in the sports wagering space this morning.
Caesars Entertainment (CZR 11.225, -0.025, -0.22%) announced that it will introduce sports betting to its Atlantic City, Gulf Coast, and Tunica properties in July and August. The introduction of sports betting in these jurisdictions is the first step in Caesars Entertainment's plan to expand its sports betting offering following the Supreme Court's landmark ruling that overturned the Professional and Amateur Sports Protection Act (PAPSA).
Caesars Entertainment is starting to work towards facilities in New Jersey and Mississippi in July and August to facilitate sports betting beyond Nevada. This will include the Caesars Casino & Sports mobile app. Caesars is working with Scientific Games and its OpenBet sportsbook technology.
Separately, MGM Resorts International (MGM 30.92, +0.20, +0.65%) and GVC Holdings (GVC.LN, OTC: GMVHF 1,154.00, +59.00, +5.39%) are entering into a 50/50 joint venture that will allow the companies to create a sports betting and online gaming platform in the United States in a manner faster than they could operating on their own. The arrangement also lowers execution risk, and creates meaningful early mover advantages.
MGM Resorts and Boyd Gaming (BYD 35.51, +0.12, +0.34%) also announced a partnership to significantly increase each company's market access and customer base throughout the United States. MGM Resorts and Boyd Gaming will offer online and mobile gaming platforms in allowed jurisdictions. This includes sports betting, casino gaming, and poker. Both companies will be able to expand their online and mobile gaming presence across 15 states.
The incumbent gaming companies are positioned to take advantage of the opportunity brought on by the Supreme Court decision. It will be interesting to see how bet volumes grow in the early stages of this new market in states like New Jersey.
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