MGM to launch internet gaming in New Jersey

Borgata

LAS VEGAS — MGM Resorts International, owners of the Borgata Hotel Casino & Spa, is teaming up with GVC Holdings PLC to launch online casino and poker games in New Jersey under the MGM Brand as they look to take advantage of the state’s booming internet gaming market.

“This is a historic moment for MGM Resorts to be launching real money online casino and poker under the MGM brand for the first time,” said Corey Sanders, Chief Operating Officer of MGM Resorts. “GVC has been a first-rate partner for us, and we are excited about the possibilities of extending that partnership as regulated markets open up in the U.S.”

Launching later this year, playMGM casino and poker will sit on the latest version of GVC’s proprietary technology stack, which offers desktop and mobile variants, over 300 casino games, including progressive jackpot slots, and multiple variants of tournament and cash play poker.

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 Last year MGM purchased Boyd Gaming’s stake in the Borgata Hotel Casino and Spa for $900 million.

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GVC currently provides software and support services for the MGM Resorts-owned Borgata Hotel Casino & Spa in New Jersey and has powered Borgata’s online casino and poker products since online gaming was regulated in the state in November 2013.

While brick-and-mortar casino revenues have stabilize over the last couple of years, internet gaming has grown at record rates. In March, Internet gambling increased by 40 percent, totaling more than $21.7 million, the biggest month ever for the city’s online gambling market in its 3½ years, according to state gambling revenue figures released Wednesday.

“We are delighted to extend our relationship with MGM Resorts and to be launching casino and poker under the playMGM brand in New Jersey,” said GVC’s Chief Operating Officer Shay Segev. “MGM Resorts is quite simply one of the biggest and best names in the business, and we look forward to working with them for many years to come.”

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