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This could sound like a lot of details, but it is a typical inquiry for most on the net gaming platforms and it does not take extended at all. In June, FanDuel launched a standalone casino app in Pennsylvania on the exact same day that DraftKings did in New Jersey. From an investment standpoint, it is BetMGM's higher growth rate and MGM's lower market cap that make me consider MGM Resorts is the superior obtain. Let's assume that BetMGM's operations are worth the same as DraftKings' these days, primarily based on the development rates and partnerships I highlighted above. MGM's 50% stake in BetMGM would then be worth $12.three billion.

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