|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||85.63 - 88.56|
|52-week range||71.58 - 119.41|
|Beta (5Y monthly)||0.83|
|PE ratio (TTM)||432.66|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||13 Apr 2020|
|1y target est||N/A|
MGM Resorts International (NYSE: MGM) started building a sports betting empire soon after the U.S. Supreme Court struck down the federal ban on states authorizing sports gambling in 2018. The resort operator cobbled together agreements with most major sports leagues to be their official betting platform; teamed up with Boyd Gaming (NYSE: BYD) to offer online and mobile gaming platforms, including sports betting, casino gaming, and poker; and bought the Empire City casino in New York in anticipation of the state authorizing sports betting. Since then it has set its sights on becoming the second-biggest sportsbook in the country, surpassing current No. 2 DraftKings (NASDAQ: DKNG).
Darren Rovell , a Sports Busines Reporter and Senior Exectuive Producer at The Action Network, previews what to expect from the sportsbooks during the Olympics.
Casino gambling floors and sporting events may have been forced closed during the pandemic, but that doesn't mean people weren't still betting. Flutter Entertainment (OTC: PDYPF) is not only the biggest sportsbook in the U.S. through its FanDuel platform, but with Paddy Power, BetFair, and The Stars Group, owner of the world's leading poker platform PokerStars, it is also the biggest sportsbook globally. Although headquartered in Dublin, Ireland, Flutter's biggest growth proposition is arguably the United States.