JERSEY CITY, N.J., March 30, 2021 /PRNewswire/ -- BetMGM
announced today a multi-year deal with Audacy, formerly Entercom
Communications Corp., (NYSE: ETM), designating the market-leading
sports betting and gaming platform as a preferred sports betting
partner of Audacy across its best-in-class sports broadcast
stations, the Audacy and Bet QL apps and digital platforms, and the
"BetQL Audio Network." Key partnership details include integrated
content across Audacy's broadcast sports stations, customer
acquisition opportunities, and talent endorsements across Audacy's
wide spectrum of local and national sports betting content.
"Audacy is a leader in sports radio, digital audio and now the
direct-to-consumer betting analytics space," said Matt Prevost, BetMGM's Chief Revenue Officer.
"In Audacy, we've found a long-term strategic partner that shares
our goals, enabling us to further amplify BetMGM's reach to sports
fans through the most trusted audio personalities and sports
betting data and analytics platform in their respective markets
today."
The partnership will bring BetMGM's sports betting content to
the millions of sports fans across the country who tune in daily to
Audacy's portfolio of broadcast stations, podcasts and shows. Under
the agreement, BetMGM also will receive preferred access to Audacy
talent. The partnership comes on the heels of several recent moves
made by Audacy in the sports betting space, including the
acquisition of sports data and iGaming affiliate platform QL
Gaming Group and the launch of the "BetQL Audio Network, both of
which are fundamental components of this deal.
Mike Dee, President of Sports,
Audacy, said, "The advent of legalized mobile sports betting
has presented an unprecedented opportunity to bring the action
closer to the audience than ever before and, as a result, provide
our partners with a direct line of sight to tap into an attentive,
fully engaged audience of potential sports bettors. We are proud to
partner with BetMGM and wish to thank them for their confidence in
us as we become one of their largest media partners. In light of
our BetQL acquisition and related offerings, we believe this
commitment is the latest validation that no other media company
offers the wide variety of ways to connect with the sports betting
audience the way that we do on a multi-platform basis."
The BetMGM mobile app is currently available statewide in 10
states and is available for download on both iOS and Android, as
well as accessible via desktop at www.betmgm.com. BetMGM
offers user-friendly sports betting experiences, making it easy to
customize pre-game, live in-play, futures and parlay wagers.
BetMGM's integration with MGM Resorts' M life Rewards
program allows BetMGM users in legal playing states the
opportunity to redeem gameplay for world-class experiences at MGM
Resorts properties nationwide.
Audacy is the unrivaled leader in sports radio, reaching three
times more people than the leading competitor. Audacy is the #1
sports radio ownership group, which owns and operates 39 all-sports
stations across the U.S., including WFAN 101.9 FM/660 AM
(WFAN-FM/AM) in New York,
SportsRadio 94WIP (WIP-FM) in Philadelphia and 670 The Score (WSCR-AM) in
Chicago. Its unparalleled
broadcast portfolio reaches nearly 30 million sports fans monthly
and boasts the nation's leading collection of radio play-by-play
coverage. Audacy also serves as the flagship home of 41
professional teams and over 50 Division 1 collegiate programs,
including the New York Yankees and Boston Red Sox, Dallas Cowboys
and Kansas City Chiefs, Golden State Warriors and Chicago Bulls,
and University of Michigan and
University of Oregon, among others.
About BetMGM
BetMGM is a market leading sports betting
and gaming entertainment company, pioneering the online gaming
industry. Born out of a partnership between MGM Resorts
International (NYSE: MGM) and Entain Plc (LSE: ENT), BetMGM has
exclusive access to all of MGM's U.S. land-based and online sports
betting, major tournament poker, and online gaming businesses.
Utilizing Entain's US-licensed, state of the art technology, BetMGM
offers sports betting and online gaming via market leading brands
including BetMGM, Borgata Casino, Party Casino and Party Poker.
Founded in 2018, BetMGM is headquartered in New Jersey. For more information, visit
https://www.betmgminc.com/.
About Audacy
Entercom Communications Corp.
(NYSE: ETM), soon to be Audacy, Inc. (NYSE: AUD), is
a scaled, multi-platform audio content and
entertainment company with the country's best radio broadcasting
group, a leader in virtually every segment of audio, and America's
#1 creator of original, premium audio. Audacy engages over
170 million consumers each month, bringing people together around
the news, sports, podcasts and music that matter to them. Learn
more at www.audacyinc.com, Facebook
(Audacy Corp) and Twitter (@AudacyCorp).
Statements in this release that are not historical facts are
"forward-looking" statements and "safe harbor statements" within
the meaning of the Private Securities Litigation Reform Act of 1995
that involve risks and/or uncertainties, including those described
in MGM Resorts International ("MGM Resorts") public filings with
the SEC. Forward-looking statements are based on management's
current expectations and assumptions and not on historical facts.
Examples of these statements include, but are not limited to,
statements regarding the future results of BetMGM. Among the
important factors that could cause actual results to differ
materially from those indicated in such forward-looking statements
include effects of economic conditions and market conditions in the
markets in which MGM Resorts operates and competition with other
destination travel locations throughout the United States and the world, the design,
timing and costs of expansion projects, risks relating to
international operations, permits, licenses, financings, approvals
and other contingencies in connection with growth in new or
existing jurisdictions and additional risks and uncertainties
described in MGM Resorts' Form 10-K, Form 10-Q and Form 8-K reports
(including all amendments to those reports). In providing
forward-looking statements, MGM Resorts is not undertaking any duty
or obligation to update these statements publicly as a result of
new information, future events or otherwise, except as required by
law. If MGM Resorts updates one or more forward-looking statements,
no inference should be drawn that it will make additional updates
with respect to those other forward-looking statements.
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SOURCE BetMGM