GMVHF - BetMGM looks to stir up more business through retail gift cards

BetMGM announces a partnership with payments firm TAPPP to make its gift cards available at major convenience and grocery retail chains in select U.S. states offering legal sports betting. The company says one of the biggest pieces of feedback it gets from customers is that they want a simple and convenient way to fund their accounts. The BetMGM gift cards are now available in $25 and $50 denominations in eight states at over 6K locations across the U.S. The gift card initiative arrives just a few days before the start of the NFL regular season. BetMGM was created through a partnership between MGM Resorts (NYSE:MGM) and Entain Plc (OTCPK:GMVHF). Jefferies is bullish on the upside for Entain.

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BetMGM looks to stir up more business through retail gift cards