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BetMGM has secured the exclusive first rights to launch a new series of slot games in Alberta, Canada. These titles from developer AGS will be available on BetMGM's platform before they reach other competing digital casinos in the region. While a single game launch is a small event, it supports the company's goal of growing its digital business. Exclusive content helps attract and keep players without having to spend as much on expensive marketing and promotions. This is a key part of the plan to make the digital segment a more profitable contributor to the overall business.

Source: GlobeNewsWire

BetMGM has brought its Game of Thrones digital slot game to Alberta, marking its second major market in Canada. This follows a strong debut in Ontario where the title set new records for the platform. Expanding the digital library in new territories is a key part of the plan to grow the online betting business. While one game launch is small, it shows the company is moving quickly to capture share in the newly regulated Canadian online gambling market.

Source: GlobeNewsWire

A securities law firm is looking into the proposed deal for Barry Diller to acquire the rest of the company for $48.30 per share. These types of investigations are common when a major shareholder tries to buy out the remaining part of a company, as lawyers check if the price is high enough for other owners. For those holding the stock, this is a routine part of the buyout process. It does not mean the deal is in trouble, but it highlights that the $48.30 price level is the current benchmark for what the company might be worth in a sale.

Source: GlobeNewsWire

MGM China reported record revenue for the first half of the year as the Macau market continues to recover. The company now holds about 16 percent of the market share in the region, which is a significant part of its global profit.

Macau is a critical piece of the business because it often earns higher profits per visitor than US casinos. Sustaining this level of market share shows the company is successfully competing for high-end travelers in Asia, which helps balance out any slower growth in the US.

Source: PRNewsWire

Susquehanna raised its price target for the stock to $53 from $52 while keeping a positive rating. The move reflects confidence in the company's ability to grow its digital betting arm and maintain high traffic at its Las Vegas properties.

A price target is what an analyst thinks the stock will be worth in the next year. This increase suggests that professional researchers see more value in the company's shift toward online gaming than they did previously.

Source: Susquehanna