The PDC has announced that online sportsbook BetMGM is this year’s title sponsor for the Darts Premier League, taking over from Cazoo. The three-month event, now branded the BetMGM Premier League, will be held from February to May as eight players compete for £1m in prize money across 17 nights in various European cities. PDC Chief Executive, Matt Porter, commented: …
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Entain investors told that MGM has eyes only on BetMGM
US casino giant MGM Resorts will not be making a bid for the whole of Entain as the pressure from activist investors on the UK group’s CEO Jette Nygaard-Andersen shows few signs of easing following last week’s Financial Times reports of shareholders moving against her. According to sources close to the group, the US casino giant is “not interested” in bidding …
Read More »Gibson & Nygaard-Andersen double Entain shareholding in sign of strategic confidence
Entain Plc has notified stakeholders of major share purchases initiated by leadership and board members as a sign of confidence in the long-term prospects of the FTSE100 gambling group. A notification of share transactions on 8 November detailed that Chairman Barry Gibson had purchased 93,600 Entain shares. The transaction, valued at approximately £870,000, sees Gibson increase his personal shareholding in …
Read More »Entain: streamline will answer difficult questions of growth on all fronts
Regulatory difficulties have dogged Entain’s Q3 performance significantly according to the group’s leadership, particularly in Germany and the UK with the group facing an ongoing HMRC investigation in the latter. Expect headlines…. In his address to investors following publication of the company’s Q3 results, group Chairman Barry Gibson informed that Entain will go before the courts during Q4 and expects …
Read More »Kristian Nylen, Kambi: AI the next step as betting driven forward by tech
Artificial Intelligence is the next major growth driver in the betting space according to Kambi’s CEO Kristian Nylen following the group’s Q3 earnings presentation, and is an area the company intends to take strides in. As well as announcing its achievement of significant financial targets, such as a 15% increase in revenue to €42m, Kambi today revealed a new name …
Read More »Entain triggers streamline as growth pains compound in Q3
Entain Plc has outlined key initiatives to accelerate its operational strategy and improve the quality of earnings across its business portfolio. The new plans were disclosed in Entain’s Q3 trading update, as the FTSE100 gambling group reported proforma net gaming revenue (NGR) declines across its Online and Retail units. Q3 trading is tracked to the revised full-year EBITDA guidance of …
Read More »Sportradar ‘unlocks potential’ of NBA optical tracking data for BetMGM
BetMGM has signed a new deal with Sportradar for access to products and services to be powered by official NBA optical tracking data. For the first time, the sports technology company will provide BetMGM access to ‘next-generation products and services’ that leverage NBA optical tracking data, which is provided exclusively by Sportradar through its partnership with the league. Eduard Blonk, …
Read More »BetMGM assembles media agency hit team for UK landing
BetMGM will utilise four media and PR agencies to support the expansion of its UK operations, partnering with Recipe, Boldspace, Tomorrow Advertising and The Media Network. The MGM Resorts brand launched in the UK in August LeoVegas’ platform – the Swedish igaming group was itself acquired by the Las Vegas conglomerate in 2022 – and has been consolidating its marketing …
Read More »LeoVegas turns to Newcastle FC in push for North East expansion
LeoVegas has announced a campaign in the North East to try and attract employees with the help of Newcastle United. Being based in Newcastle itself, the MGM Resorts subsidiary has released a short film showcasing all the available jobs currently open at its regional branch, together with the Premier League side with which it currently holds a partnership contract. In …
Read More »Entain closes Angstrom buy to bolster BetMGM US prospects
Entain Plc has announced the completion of its acquisition of Angstrom Sports to enhance the in-play sports betting capabilities of US joint-venture BetMGM. The deal, first announced on 17 July, will see Entain pay an initial consideration of £81m to acquire Angstrom, a dedicated specialist on sports modeling, forecasting and match analytics for all major US sports. Angstrom’s buyout is …
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