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In 2020, BetMGM generated $178 million in income, and management expects that to develop much more than one hundred% in 2021, which would place it more than $356 million in annual revenue. DraftKings is still larger at $643.five million in income final year, but management expects only 48% growth at the midpoint of its $900 million to $1 billion in income guidance. Inside a couple of years, it really is feasible the two on-line gambling operations will create similar revenue each and every year. MGM says the acquisition will provide a unique opportunity for the corporation to make a «scaled international on-line gaming enterprise.»
The very same applies to all brands owned and operated by Most important Street Vegas Group. You must look at these components in evaluating the forward-hunting statements integrated herein, and not location undue reliance on such statements. The forward-looking statements in this release are produced as of the date hereof and NNW and FNM undertake no obligation to update such statements. Per year and includes about 400 casino hotels and 465 nonhotel casinos.
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