What we learned in NHL last week: The league is betting on the future of gambling to increase revenue [Los Angeles Times (CA)]
MGM Resorts International (MGM)
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Source: Los Angeles Times
What we learned in NHL last week: The league is betting on the future of gambling to increase revenue What we learned from the last week of play in the NHL: The NHL is all-in on sports betting The league’s multiyear partnership with MGM Resorts International, announced Monday, will create new revenue streams for the NHL by capitalizing on the Supreme Court’s decision this year to strike down a federal law that prohibited states from legalizing sports gambling. The NHL will share tracking data it collects, which “will allow MGM Resorts to provide its customers with specialized NHL game insights, as well as unlocking new and innovative interactive fan engagement and betting opportunities for its U.S. customers wherever legally available,” according to an NHL news release. The league, however, won’t get a cut of the gambling profits. MGM Resorts International, a backer of T-Mobile Arena — home of the Vegas Golden Knights — reached a similar agreement with the NBA and WNBA in July. One
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