Press Releases
BetMGM to Make Basketball History This March
Destination sportsbook at State Farm Stadium and record-breaking wagers set the stage for biggest tournament in company history.
BetMGM, a leading sports betting and iGaming operator, is set to make history this March forecasting a record-setting handle and featuring a destination sportsbook at State Farm Stadium. To celebrate the greatest tournament of the year, BetMGM is giving customers a stake in an underdog with a free-to-play $100,000 Sleeper Sixteen Contest available through the mobile app.
“March is here and we’re preparing for the landmark tournament,” said BetMGM CEO Adam Greenblatt. “BetMGM will be front-and-center of the action elevating the experience for our fans with unique contests and world-class destinations across the country to catch the games.”
- Making History: This year’s tournament will have its place in the record books. Arizona is home to the BetMGM Sportsbook at State Farm Stadium is a 17,000-square-foot entertainment destination with state-of-the-art sportsbook amenities including giant video walls, dozens of wagering kiosks and a world-class bar and grill. Additionally, BetMGM projects 2024 to be the most bet on tournament in company history having recently expanded to North Carolina marking its 29th market in North America.
- BetMGM’s $100,000 Sleeper Sixteen Contest: Now that the bracket is set, all BetMGM players can play a free Sleeper Sixteen game on the mobile app. Players will spin a wheel to be assigned a team in the tournament that is a 10 through a 16 seed. If their team is one of the final 16 teams left in the tournament, the player will split $100,000 in bonus bets, divvied up among other users with that team. Contest not available in New York, Nevada or Puerto Rico.
- March Matchups 64% Boost Pack: Starting Wednesday, March 20, all BetMGM customers will receive a Boost Pack, containing three unique tokens to boost their favorite bets in the Round of 64. IThe boost pack will include an odds boost token, a parlay boost token, and a “live” token that can be used on any in-play wager. Promotion not available in Nevada or Puerto Rico.
- Inside the Lines: The following intel from the BetMGM trading team highlights the most notable early action across the country.
- Fan Favorite to Win: Kentucky, North Carolina and UConn are the most bet teams in the tournament to win it all. Michael Ranftle, Senior Trader at BetMGM, said, “Kentucky is our biggest liability to win the NCAA Tournament. However, with the recent launch of legal sports betting in North Carolina, the Tar Heels are becoming a big loser for the sportsbook with their hometown fans believing in them. Both blue bloods getting knocked out of the bracket early would be great for BetMGM.”
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- Most Popular Underdogs to Win Opening Round:
- Samford +260
- NC State +180
- McNeese State +230
- Duquesne +400
- Most Popular Underdogs to Win Opening Round:
As BetMGM continues to expand into new markets, responsible gaming remains a key focus. Additionally, BetMGM is proud to provide resources to help customers play responsibly including GameSense, an industry leading program, developed and licensed to MGM Resorts by the British Columbia Lottery Corporation. Through the integration within BetMGM’s mobile and desktop platforms, customers can receive the same GameSense experience they have grown to count on at MGM Resorts properties nationwide. This complements BetMGM’s already existing responsible gambling tools which serve to provide customers with an entertaining and safe digital experience.
The BetMGM app is available for download on both iOS and Android and is accessible via desktop at betmgm.com.
For more information, follow BetMGM on X.
Compliance Updates
Stake approved by Brazil’s Ministry of Finance, included in list of authorised operators
Stake is thrilled to announce that Brazil’s Ministry of Finance has officially included Stake Brazil Ltda. in the country’s list of authorised betting operators.
The decision was made following a thorough review of Stake’s application and supporting documents and will allow the brand to operate in Brazil’s booming iGaming market.
While the Ministry of Finance is in the process of evaluating a full licence application, Stake’s inclusion on the authorised operator list will allow Stake Brazil to continue offering the best-in-class gaming and betting experience that local consumers have come to expect.
Stake’s commitment to Brazil will soon be further enhanced, with plans to open an office in São Paulo. The operator will also hire a dedicated country manager, just as it has in other key Latam territories, to bolster operations and hire additional team members. This is in order to grow the local footprint in the region, while complementing Stake’s global operations.
From a partnerships point of view in Brazil, Stake has already enjoyed a fantastic relationship with Série A side Juventude during its first season with the club, which culminated in a journey to the Campeonato Gaucho Final & Copa do Brazil Quarter Final.
Stake’s partnership with UFC in Brazil has also gone from strength to strength over the years while working with athletes like Alex Pereira and Alexandre Pantoja as they aim to cement their champion status.
Stake would like to extend its gratitude to customers, partners, and the Brazilian regulatory authorities for their support and cooperation during this process.
Latest News
Phil Kessel Joins WPT Global as Brand Ambassador – Interview Opportunities Available
WPT@ Global is excited to announce the signing of professional hockey player and poker fan Phil Kessel as its latest brand ambassador. Kessel, a 3-time Cup champion and fan-favorite
across the NHL, brings his love of poker to the WPT Global community in Canada, kicking off an exciting partnership linking his passion for poker and sports on a worldwide scale.
A seasoned poker player, Kessel has been a regular member in the Canadian poker community, creating a unique fan base in NHL cities through his engaging presence at Iocal card rooms. He now brings that cool demeanor and fun energy to the online tables at WPT Global, a great collaboration to celebrate his influence as a poker fan and hockey icon.
“We’re absolutely thrilled to welcome Phil to the WPT Global brand,” said Alex Scott president
of WPT Global. “Phil has not only excelled as a world-class ice hockey player but is also a huge poker enthusiast who embodies the values we hold dear. He’s engaging, passionate, and always striving to improve – qualities that make him a perfect fit for the WPT Global poker
community. His unique connection to both sports and poker gives him the ability to bridge those worlds, and we’re excited to deliver unforgettable experiences for our players, especially in Canada, both on and off the felt.’
In his new role, Kessel works closely with WPT Global’s Team Canada” player engagement
team, helping create memorable and exclusive experiences for the poker community. To celebrate his signing, Kessel and WPT Global are holding an event during the Oct. 14-30 WPTO Playground Festival in Montreal. Media outlets, hockey fans and poker players are invited to participate and enjoy this event, with opportunities on-site to meet Kessel in person.
“I’m incredibly excited to work with WPT Global. I have been an avid poker player for over 20 years, and a huge fan of the World Poker Tour,” said Kessel. “I can’t wait to kick-off this relationship in Montreal and bring some cool experiences to fans.
Media Interviews at WPT Montreal:
Members of the media are invited to meet and interview Kessel Oct 14-20 at the WPT Playground Poker Club Festival in Montreal. This is a unique opportunity to discuss his new role with WPT Global, his passion for poker, and his upcoming tournament providing the winner a VIP experience with Kessel in Las Vegas.
In addition to his in-person appearance in Montreal, Kessel is hosting his very own lronman
Tournament on WPT Global on Nov. 27 at 7PM EST. This event is exclusive and invite-only,
offering the following prizes:
- 1st Place: A VIP WPT World Championship Package including travel to Las egas, hotel accommodations, dinner, golf with Phil, and entry to the $10,400 WPT World Championship Main Event.
- 2nd-5th Place: Kessel-signed jerseys
- 6th – 18th Place: Kessel-signed pucks or 8×10 photographs.
- Bounty Prize: The player who eliminates Kessel receives a special prize package,
including signed jersey, photo, puck, and a WPT Global Swag Bag along with a personalized message from Kessel.
Players can receive an invitation by registering on WPT Global using the code IRONKESSEL81
and depositing $100+. For existing WPT Global players, they can engage in CRM campaigns to
get a free ticket to lock up their tournament seat.
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