Tag Archives: BetMGM

Philadelphia 76ers announce BetMGM as Official Betting Partner

BetMGM has been named the Official Betting Partner of the National Basketball Association’s (NBA) Philadelphia 76ers, shortly after the mobile casino and sportsbook app’s Pennsylvania debut. The recent agreement will see the firm launch a range of 76ers branded casino games, in addition to featuring across all of the team’s digital and social media platforms including the official 76ers app.  …

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GVC ups 2020 forecasts following rapid recovery across all core markets

GVC Holdings has predicted that its earnings for the year will be £50 million ahead of previous expectations, as online wagering continues to drive the operator’s performance. Publishing its Q3 trading update for the period 1 July to 30 September 2020, GVC reported that it had achieved its ‘nineteenth consecutive quarter of double-digit online growth’, with total online net gaming …

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Revenues down 11% but product depth helps GVC through lockdown

Further to announcing its leadership change this morning, GVC Holdings has published a H1 post-close trading statement informing investors of the firm’s performance under challenging global conditions.  Navigating COVID-19 complexities, GVC underlined that the company was robust and decisive in implementing cost management actions to ensure that the group achieved its objective of operating at a cash neutral position during …

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Digital gains see GVC up 2019 earnings guidance

shareholders

FTSE gambling group GVC Holdings Plc has this morning upgraded its full-year EBITDA guidance to £670-680 million from its previous £650-670 million range. Updating the market, GVC governance points to continued online growth maintained during a ‘softer’ Q3 trading period’, in which GVC delivered a 12% increase in net gaming revenues (NGR) despite competing against World Cup Russia 2018 comparatives. …

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