Tag Archives: BetMGM

BetMGM had a positive update for Entain and MGM Resorts International investors today, as the US-facing joint venture reported positive EBITDA for Q2 2023  The joint venture between London-based, LSE-listed Entain and Las Vegas-headquartered, NYSE enterprise MGM was first launched in 2019, but so far profitability has eluded the sportsbook brand. In its latest update, BetMGM reported H1 revenue of …

Bet365 has officially launched into Iowa – its fifth US state – after debuting its online betting app through a partnership with Casino Queen Marquette. For a while, it seemed like the UK-founded operator might not ever expand its presence in the US beyond New Jersey, but is starting to ramp up its presence since opening in Colorado in September …

FanDuel, Sportradar, Better Collective, BetMGM, Desert Diamond Sports and OpenBet were amongst some of the winners last night at this year’s SBC Summit North America Awards which took place at the New York Hilton Midtown. Returning to host the coveted awards ceremony was YES Network Yankees Clubhouse reporter Meredith Maravokitz. The winners of the 30 awards, aimed to celebrate the …

Entain Plc has declared that it is “well-positioned” to achieve all 2023 corporate objectives, as it reports on a period of record levels of active customers, boosting its financial results, whilst demonstrating continued momentum across worldwide operations.  This morning, the FTSE100 gambling group published its Q1 trading update, covering the period from January 1 to March 31, 2023. Headline results …

Barry Gibson, the Chairman of Entain, will reflect on the extraordinary growth of Entain Group globally and BetMGM in the US, during a special keynote at May’s SBC Summit North America 2023 conference and tradeshow. Entain is a prominent global sports-betting, gaming and interactive entertainment group that features a diverse range of well-established brands, including bwin, Eurobet, Ladbrokes, Coral, and …

It’s been almost five years since the US gambling industry opened up for business, and since May 2018, we have seen tremendous growth across the market with some big players taking the lead in asserting market dominance. One such player has been FanDuel, which recently emerged as the first US gambling company to reach profitability – considerably earlier than expected …

Jaime Rivera Emmanuelli, the Executive Director of the Puerto Rico Gaming Commission, has confirmed the nine organisations that have been granted licences to operate sports betting facilities in the self-governed US overseas territory.  Hosting a press conference, Emmanuelli unveiled Puerto Rico’s new regulatory framework for sports betting, co-developed in partnership with the island’s Sports Betting Bureau. Sports betting in Puerto …

Apart from a vibrant exhibition showcasing various products and services and numerous networking opportunities, the Canadian Gaming Summit — the country’s premier gaming and betting event — will host a conference with an unrivalled line-up of first-rate speakers, handpicked by the event organiser, SBC. The ‘Leaders’ conference track, which will take place on June 14 at the Metro Toronto Convention …

In line with International Women’s Day 2023, top organisations in the betting, gaming and racing industry are supporting a campaign to embrace equity. Under the #GamingAsOne hashtag, BetMGM, Betsson, Entain, Kindred, LeoVegas, Paddy Power Betfair, Penn Entertainment, PokerStars and Sportsbet are among the operators supporting the campaign, alongside suppliers such as Games Global, IGT, Light & Wonder, Microgaming and Playtech. …

Laying out its plans for 2023 in its most recent earnings call, the leadership of MGM Resorts has made it clear that a potential acquisition of European partner Entain is not on the table.  The company has been involved in a long-running joint venture with FTSE100 gambling group Entain since 2018, operating the US-facing BetMGM brand. However, an escalation of …