Kambi and LeoVegas have detailed continued momentum for their long-standing partnership, with the former supporting the UK launch of BetMGM. A so far solely US-facing brand of the MGM Resorts International group, BetMGM is being taken live in the UK using LeoVegas’ platform and utilising Kambi’s sportsbook services, including its Bet Builder and AI-powered algorithmic trading capabilities. LeoVegas Group has …
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Entain reiterates FY23 growth targets despite Q3 slowdown
Entain remains confident in achieving its full year revenue expectations despite experiencing ‘mixed’ trading during the third quarter, according to an update this morning from FTSE100 gambling group. The company is due to announce its Q3 trading update on 2 November, but detailed to investors that some aggravating factors have posed hurdles in Q3, including ‘adverse sporting results’ impacting sports …
Read More »MGM adds new card to European hand as BetMGM launched in UK
MGM Resorts International has extended its reach in Europe, building on its acquisition of established multinational igaming operator LeoVegas by launching its BetMGM brand in the UK. BetMGM began as a joint venture between the Las Vegas-based entertainment conglomerate and London-headquartered international group Entain. However, the UK brand will operate outside of this joint venture, using LeoVegas platform as well as …
Read More »Entain H1 progress tainted by £580m Turkish legal provision
Entain Plc stands by its growth strategy and long-term financial prospects, following a transformative H1 trading period in which the FTSE gambling group acquired four new businesses to its global portfolio. Publishing its 2023 Interim trading results, Entain registered a net group revenue (NGR) of £2.4bn, up 14% on H1 2022 results of £2.1bn. Generating a period NGR of £1.65bn …
Read More »Entain’s BetMGM stateside JV progressing towards profitability
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 …
Read More »Bet365 keeps up US expansion with Iowa debut
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 …
Read More »Simply The Best: SBC announce winners for the prestigious SBC Awards North America
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 …
Read More »Entain rides high as Q1 hits peak KPI performance
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 …
Read More »Discover Entain’s Journey to Success with Chairman Barry Gibson at SBC Summit North America
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 …
Read More »SBC Leaders Magazine: leading the US on the ‘path to profitability’
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 …
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