Cisco and MGM Strike Major Tech Partnership Deal
A comprehensive technology agreement between Cisco (NASDAQ: CSCO) and MGM Resorts International (NYSE: MGM) has been announced, giving the casino operator access to Cisco's extensive software portfolio. This partnership aims to enhance customer experiences through advanced technological solutions.
In other significant tech developments, Genius Sports reported unexpected profits and raised their outlook, while Endeavor CEO Ari Emanuel acquired sports betting units at a considerable discount.
Inspired Entertainment (NASDAQ: INSE) is showing promising potential for growth, despite maintaining a relatively low profile compared to other gaming stocks. Analysts suggest the company may be undervalued.
Amazon's subsidiary Zoox has begun testing their autonomous robotaxis on the Las Vegas Strip, though currently limited to employee testing only.
Google has relaxed advertising restrictions for social casinos, while Polymarket faces scrutiny over paid influencer promotions for election betting. Technical difficulties have affected Saratoga's casino operations across New York, Colorado, and Mississippi.
BetMGM is experiencing significant growth in iGaming, with mobile app downloads indicating increased market penetration. OpenBet could potentially be sold at a discount according to research findings, while Playtika has announced a deal worth up to $1.25B for SuperPlay.
The Laughlin's Riverside Resort Casino reported a data breach affecting 55,000 customers. Interactive Brokers is entering the election betting market following Kalshi's legal victory. Caesars has taken control of Washington, DC sports betting kiosks.
Las Vegas continues its technological advancement with high-speed train interior designs being revealed. Kambi has denied rumors of a potential Genius Sports takeover, while Hawk Tuah Girl Hailey Welch secured a podcast deal with Betr.
DraftKings has acquired microbet provider Simplebet, and BetMGM has expanded its Nevada wallet functionality to other states, marking significant developments in the gaming technology sector.