What is ROAR Digital?
ROAR Digital LLC is a prominent U.S. joint venture established by industry giants MGM Resorts International and GVC Holdings Plc. Launched in July 2018 and headquartered in New Jersey, the company was purpose-built to capitalize on the burgeoning regulated sports betting market in the United States. Leveraging GVC's advanced, U.S.-licensed proprietary technology, ROAR Digital operates leading brands such as BetMGM and Partypoker, offering a comprehensive suite of sports betting and online gaming experiences. The venture benefits from exclusive access to MGM's extensive U.S. land-based and online sports betting assets, alongside major tournament poker and online gaming businesses, positioning it as a formidable entity in the digital gaming arena.
How much funding has ROAR Digital raised?
ROAR Digital has raised a total of $450M across 1 funding round:
Corporate Investment
$450M
Corporate Investment (2020): $450M with participation from MGM Resorts and GVC
Key Investors in ROAR Digital
MGM Resorts
MGM Resorts International is a major hospitality and entertainment company with significant interests in casino gaming and resorts, likely providing strategic partnerships and market access for ROAR Digital's gaming ventures.
GVC
GVC Holdings Plc (now Entain) is a global sports betting and gaming group, contributing its proprietary technology and operational expertise to ROAR Digital's platform development and market strategy.
What's next for ROAR Digital?
The recent major strategic investment into ROAR Digital signals a strong commitment from its parent companies and potentially new backers, indicating a phase of accelerated scaling and market penetration. This capital infusion is expected to fuel further technological development, enhance marketing efforts, and potentially expand into new regulated jurisdictions within the U.S. As the sports betting and online gaming market matures, ROAR Digital's strategic positioning, backed by substantial enterprise-level funding, positions it for sustained leadership and innovation in delivering premium digital entertainment experiences.
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