Tag Archives: BetMGM

Year in Review Part One: Gambling Act review commences and firms count the costs of 2020

SBC News Year in Review Part One: Gambling Act review commences and firms count the costs of 2020

As 2021 began, the UK betting sector was fixated with the onset of the review of the 2005 Gambling Act review, the outcomes of which would become clearer as the year progressed. The overhaul of the UK’s regulatory gambling regime did not just catch the eye of industry leaders, however, as Chancellor of the Exchequer Rishi Sunak voiced his concerns …

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English speakers identified as most at-risk problem gambling group by Gambless

SBC News English speakers identified as most at-risk problem gambling group by Gambless

Gambless has recorded 3,500 self-assessment tests completed via its mobile app, revealing strong differences in problem gambling across international borders, with English speakers encountering issues much more than other linguistic groups. Publishing its first annual report, the Mindspa-funded and ORCHHA-certified international gambling harm prevention app found that English speakers, mainly from the US, UK, and Australia, recorded a 57% higher …

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DraftKings and BetMGM triumph at inaugural SBC Awards North America

SBC News DraftKings and BetMGM triumph at inaugural SBC Awards North America

The SBC Awards North America 2021 saw a number of operators recognised for their contributions to the industry, including BetMGM, DraftKings, IGT PlaySports and Scientific Games. An audience of over 400 executives from the U.S. and Canadian sports betting and igaming scene attended the inaugural edition of the awards at The Edison Ballroom for a celebration of the sector’s achievements …

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Winning Post: US stats show all the signs of being over-stretched

SBC News Winning Post: US stats show all the signs of being over-stretched

Having reviewed the monthly revenue stats of US wagering’s current ‘big-3’ states New Jersey, Pennsylvania and Michigan. Regulus Partners warns that bonus-inflated metrics are not an effective measure to gauge the total addressable market (TAM) of a disrupted US gambling marketplace… September marks a seasonal return of US sports as well as a Northern hemisphere seasonal uplift in igaming activity. …

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DraftKings remains confident in potential buyout after Entain extension

SBC News DraftKings remains confident in potential buyout after Entain extension

DraftKings has maintained confidence in a potential £20 billion buyout of Entain, after the latter extended its ‘Put Up or Shut Up’ deadline yesterday, requesting clarification on a number of issues relating to the transaction. The FTSE100 gambling group has pushed the deadline forward to 16 November 2021, requiring the US sports betting and fantasy sports operator to make a …

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Entain extends DraftKings deadline but warns of definitive deal duties

SBC News Entain extends DraftKings deadline but warns of definitive deal duties

Entain Plc has extended its ‘put-up or shut-up’ deadline to DraftKings, as investors of the FTSE100 gambling group demand that its US suitor put definitive terms on its $20 billion acquisition bid. In an official announcement this afternoon, the gambling group detailed that it requires ‘a number of matters to be satisfactorily resolved ‘by no later than 5.00pm on 19 …

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Entain maintains 2021 growth despite Deutsche and KOA drags

SBC News Entain maintains 2021 growth despite Deutsche and KOA drags

Entain Plc has continued to match its corporate growth against high expectations, with the FTSE100 gambling group citing progress on all 2021 corporate objectives. Publishing its Q3 trading update for the three month period ended 30 September, Entain recorded a 4% increase in group net gaming revenues when compared to Q3 2020 Registering a 10% increase in NGR for the …

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Hornbuckle hints at full BetMGM acquisition dependent on Entain’s future

SBC News Hornbuckle hints at full BetMGM acquisition dependent on Entain’s future

MGM Resorts CEO, Bill Hornbuckle, has hinted at a potential buyout of BetMGM, currently co-owned and operated with Entain, dependent on the possibility of the latter’s acquisition by DraftKings. As reported by Bloomberg, Hornbuckle made the comments whilst speaking at the Global Gaming Expo casino industry event and in a separate interview, highlighting ‘a lot of ways’ for a potential …

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DAZN appoints Ian Turnbull to oversee sports betting operations

SBC News DAZN appoints Ian Turnbull to oversee sports betting operations

Subscription sports streaming service DAZN has appointed former Entain executive Ian Turnbull as its new EVP of Betting and Gaming, as the firm looks to increase its engagement with the sector.  Turnbull’s career in the betting and gaming space saw him work as Microgaming’s Services Director, and most prominently as Head of B2B at Entain – prior to its rebrand …

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Playtech sees 4% revenue fall but maintains confidence in B2B success

SBC News Playtech sees 4% revenue fall but maintains confidence in B2B success

Playtech Plc has highlighted a ‘very strong performance’ for its B2B verticals throughout the first half of 2021, achieving objectives across three continents, despite experiencing a 4% decline in revenue.  Informing stakeholders in its interim trading report and following on from its July update, the FTSE 250 gaming technology group detailed that total revenue had fallen to €457.4 million (H1 …

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