Wednesday, June 1, 2016

MGM Buys Stake in Borgata

MGM To Acquire Boyd Gaming's 50-Percent Stake In Borgata

Excerpt:

Borgata also has the largest online gambling business in the state. It’s one of five online casino operators there. Borgata had $45.7 million in online gaming revenue in 2015, nearly a third of the state’s total. The licensed online gaming sites under the Borgata are Borgatacasino.com, Borgatapoker.com, NJ.Partypoker.com, palacasino.com and palabingousa.com.

In February it was announced that Borgata would migrate from the Party platform to United Kingdom-based GAN, formerly GameAccount Network. The launch of the GAN-Borgata product is expected in the second quarter of this year. Borgata also has a partnership with Pala Interactive, an online gaming company from the Pala Band of Mission Indians in California.

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MGM To Acquire Boyd Gaming's 50-Percent Stake In Borgata