Entain Plc views an accelerated return to online growth for its UK & Ireland business as a core objective in the FTSE100 gambling group’s financial recovery. This morning, the board of Entain issued a ‘strategic update’ on H2 trading, as new CEO Gavin Isaacs takes leadership of the FTSE firm, with the corporate objective of returning the company to growth, …
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Entain ups EBITDA guidance as UK growth remains stunted
Entain Plc has upgraded its full-year 2024 guidance due to stronger-than-expected Q2 results and revised regulatory timings helping the execution of key upgrades. Posting its H1 trading statement, the FTSE100 gambling group underscored its ‘improved operational execution’ ahead of Gavin Isaacs beginning his tenure as new CEO on 2 September 2024. Corporate results, including the performance of joint-venture BetMGM, saw …
Read More »BetMGM signals tech roadmap to $500m EBITDA
BetMGM, the US joint venture of Entain Plc and MGM Resorts, states that it is ‘accelerating momentum’ in executing its technology roadmap to enhance its products and customer experiences. Publishing its H1 results, BetMGM generated net revenues of $1bn, up 6% on 2023 comparatives. Period growth reflects a 16% increase in Q2 sports betting and an 18% YoY increase in …
Read More »BetMGM nets third PL deal in a week with Tottenham Hotspur
BetMGM has entered into a three-year partnership with Premier League club Tottenham Hotspur FC. The deal will see the LeoVegas Group-owned operator become the men’s and women’s club’s official betting partner, as well as the official front of training wear partner. This is LeoVegas’ third Premier League partnership deal in the past week, as the company aims to significantly boost …
Read More »LeoVegas buys Tipico US to advance MGM’s standalone vision
MGM Resorts has reached definitive terms to acquire the technology platform of Tipico US, a deal managed by LeoVegas AB. As announced this morning, Tipico US technology platform will be merged with LeoVegas, advancing MGM’s plans to operate a “purpose-built proprietary sportsbook across all international markets and brands.” The acquisition marks LeoVegas’ second strategic investment to develop MGM’s new online …
Read More »Laura Woods joins BetMGM UK ambassador team before EURO 2024
BetMGM UK has announced that Laura Woods has joined as a Brand Ambassador just in time for the 2024 EUROs. With the European football competition set to kick off Friday (14 June), Sports media and TV presenter will give customers of the betting brand insight through her weekly blogs. She will also be involved in social media content on BetMGM’s …
Read More »BetMGM scores big with AP odds feed deal
BetMGM has become the official sports odds provider for global news network The Associated Press (AP). The new partnership represents a significant collaboration between two of the biggest names in their respective industries. Proprietary data from BetMGM will now supplement AP’s daily sports odds fixtures, game previews and sports stories, with AP retaining all editorial control of its content. Barry …
Read More »George Harborne: “Inevitable” that gambling brands will move to kit sleeves
The link between gambling companies and football clubs has been vital for financial support and brand exposure over the years. BetMGM‘s new collaboration with Premier League‘s Tottenham Hotspur is a prime example, set to enhance the operator’s presence as the official training wear partner from the 2024/25 season. However, against the backdrop of such high-profile deals, the footballing world is …
Read More »BetMGM linked to Tottenham FC in new training kit deal
BetMGM is reportedly set to become the official training wear partner of Tottenham Hotspur from the 2024/25 season. According to SportBusiness, the operator has signed a multi-year deal with the Premier League side, which will see the BetMGM logo appear on the training kits of the men’s first team. BetMGM would therefore replace the current sponsor Getir, a Turkey-based food delivery …
Read More »BetMGM to light up Netherlands with LeoVegas
BetMGM will launch in the Netherlands, continuing its expansion into European markets led by LeoVegas. This afternoon, BetMGM announced that it would bring its ‘Golden Vegas offering’ to the Netherlands, marking its second European market launch following BetMGM’s debut in the UK last summer. The Netherlands launch will be powered by LeoVegas AB, whose parent company MGM Resorts acquired in …
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