Login/Register
Evolution
Evolution
Evolution
Digitain

BetMGM cuts marketing budget in New York

13th May 2022 10:50 am GMT
BetMGM Jamie Foxx

BetMGM pulled back in its pursuit of players in New York during the first quarter of the year due to the state’s unfavourable tax environment.

Chief financial officer Gary Deutsch told analysts attending the BetMGM Investor Day that even at lower than typical promotion levels for a new market, operators in New York stand to experience effective tax rates of well over 100 per cent.

“We simply can’t apply our capital against an irrational investment thesis,” said [...]

Continue reading

Subscribe for full access to Gaming Intelligence including premium news content, feature articles, news archive, company profiles and more. Includes subscription to the print edition of GIQ magazine and postage.

Subscribe

Already a subscriber or registered user? Login

Pragmatic Solutions
SportingTech
Amusnet
BRAGG Gaming
Uplatform
G2E
Evolution
Digitain