BetMGM Launches Sports Betting App In Puerto Rico

Sports betting operator, BetMGM, owned by MGM Resorts International MGM and Entain Plc GMVHY, has launched its mobile sports betting app in Puerto Rico.

The app is launched in partnership with Casino del Mar at La Concha Resort. Puerto Rico is the second market outside of the U.S. mainland for BetMGM's mobile sports betting app.

The app offers a user-friendly experience, giving Puerto Rico residents the ability to customize pre-game, live in-play, futures and parlay wagers.

Customers in Puerto Rico will need to validate their identification in person at the BetMGM Sportsbook located at the Casino Del Mar resort in San Juan.

"Today, Puerto Rico is once again at the forefront of the sports betting industry. In addition to being an attraction for sports fans, this will have a positive impact on the revenues of the Treasury,” said General Manager of Casino del Mar, Sigfrido De Jesús

BetMGM was the first operator to debut regulated retail sports betting in Puerto Rico when it was legalized in February 2022.

In December 2022, Casino del Mar opened a permanent $3.5 million sportsbook and lounge, featuring 12 self-service kiosks and five betting windows.

Price Action: MGM shares are trading lower by 0.90% at $41.15 on the last check Thursday.