At Extreme Investor Network, we are always on the lookout for the latest trends and developments in the business world, especially when it comes to the ever-evolving gaming and sports betting industry. One company that has been making waves in this space is BetMGM, the third largest U.S. sportsbook by market share.
As BetMGM strives to regain its momentum in the gaming market, CEO Adam Greenblatt is banking on a combination of NFL betting and cutting-edge technology to attract and retain customers. In a recent interview at the Global Gaming Expo in Las Vegas, Greenblatt highlighted the company’s integration of Angstrom, a technology that utilizes predictive AI for data analytics, risk assessment, and pricing.
Thanks to this new technology, BetMGM saw a significant increase in MLB home run betting during the spring baseball season, showcasing the power of innovation in driving growth. Moreover, the company recently launched a single digital wallet for betting in Nevada, streamlining the customer experience and leading to positive results in this football season.
Despite facing challenges in the igaming segment, where margins are higher and the market potential is greater, Greenblatt remains optimistic about BetMGM’s future. He noted that the company’s focus on engaging and retaining players is paying off, with a growing number of customers returning week after week.
At Extreme Investor Network, we believe that staying ahead in the competitive gaming and sports betting industry requires a combination of innovative technology, strategic partnerships, and a customer-centric approach. BetMGM’s efforts to leverage new technology and enhance the overall betting experience demonstrate the company’s commitment to staying at the forefront of this dynamic market. Stay tuned for more updates on the latest developments in the business world, only on Extreme Investor Network.