TAPPP & BetMGM Announce Distribution of BetMGM Gift Cards in Ontario, Canada
Rhea-AI Summary
BetMGM (OTC:GMVHY) and TAPPP have announced the launch of BetMGM gift cards across 2,500 retail locations in Ontario, Canada, marking the first sportsbook-branded gift card in the Canadian market. The program enables players to fund their iGaming and sportsbook accounts through secure PIN redemption, with a $250 weekly deposit limit for prepaid cards in Canada.
The expansion follows BetMGM's successful U.S. gift card program, which launched in September 2021 and has achieved a 99% redemption rate across 15 states. The initiative builds on BetMGM's position as a top-tier operator in Ontario's sports betting and iGaming market, while maintaining focus on responsible gaming through its GameSense integration.
Positive
- First operator to launch sportsbook-branded gift cards in Canada with 2,500 retail locations
- Impressive 99% redemption rate for gift cards in U.S. market
- Established position as top-tier operator in Ontario's betting market
- Strategic expansion of successful U.S. gift card program to new territory
Negative
- $250 weekly deposit limit on prepaid cards may restrict higher-value players
- Increased competition in Ontario's regulated gaming market
News Market Reaction 1 Alert
On the day this news was published, GMVHY gained 2.90%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
First sportsbook-branded gift card launched in
"We are constantly seeking new ways to increase the accessibility of our clients' gift card products," said Sandy Agarwal, Founder & CEO at TAPPP. "Securing the distribution of BetMGM gift cards in
The gift card program enables BetMGM players to easily fund their iGaming and sportsbook accounts securely via PIN redemption. BetMGM gift cards have registered an industry-leading
Matt
The BetMGM Gift Card Program launched in September 2021 in
As BetMGM continues to expand into new jurisdictions, responsible gaming education remains a key focus. BetMGM is proud to provide resources to help customers play responsibly including an industry leading program, developed and licensed to MGM Resorts by the British Columbia Lottery Corporation. Through the GameSense integration within BetMGM's mobile and desktop platforms, customers can directly access responsible gaming tools.
For more information on BetMGM, follow @BetMGM on X.
For more details on where you can purchase a BetMGM gift card, visit betmgm.ca/giftcard in
Disclaimer
See BetMGM.com for Terms. 19+ to wager. Please Play Responsibly. If you have questions or concerns about your gambling or someone close to you, please contact ConnexOntario at 1-866-531-2600 to speak to an advisor, free of charge.
About TAPPP
TAPPP is a leading provider of interactive experiences across TV, digital platforms and retail which drive customer acquisition, transactions, engagement, and retention for its clients. The company is an established leader in flexible payment options with a retail network covering all of
About BetMGM
BetMGM is a market-leading sports betting and gaming entertainment company, pioneering the online gaming industry. Born out of a partnership between MGM Resorts International (NYSE: MGM) and Entain Plc (LSE: ENT), BetMGM has exclusive access to all of MGM's
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SOURCE TAPPP