MGM Tops VSO US Gambling Industry Winners of 2021 List
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MGM tops VSO US Gambling Industry Winners of 2021 List. TwinSpires Sportsbook is considering selling its Twin Spires Racing brand. The company's share price has risen 6%.
Caesars Entertainment saw a 93% year-on-year revenue increase in the third quarter to $2.7bn. Las Vegas properties contributed $1.01bn to that total. Caesar completed its $4bn acquisition of William Hill in April. The company's sports betting app is now available in 11 states plus Washington DC.
Boyd Gaming has 28 gaming properties in ten states, including Nevada, Ohio and Pennsylvania. The company's 5% stake in FanDuel has helped its share price rise since 2020. Fanduel shares are not publicly traded, but Boyd stock has risen 107% since February 2020 and for the full-year 2021, Boyd saw its shares price jump by 39%.
Scientific Games is the only US gaming provider to appear in VSO's winners or losers list. Scientific Games has had a successful couple of years despite the impact of the pandemic on global gaming.
This year, SG signed a cross-licensing deal with IGT allowing them to combine cashless technology for casino gambling. The company also expanded its reach outside of the US, signing a ten-year deal in Azerbaijan. In September, the company freed up $1.2bn in capital for digital and content investment.
MGM Resorts International has topped VSO's list of winners of 2021. The Las Vegas-based gambling giant's revenue increased 146% from the prior year. In Q3, MGM reached an agreement to sell spun-off Real Estate Investment Trust MGM Growth Properties for $17.2bn and plans to sale the operations of the Mirage in Las Las.
