Tag Archives: Entain

BetMGM has exceeded its commercial targets for 2022, according to a joint-statement by venture partners Entain and MGM Resorts, as the US sportsbook achieves full year revenues of $1.44bn. The headline figure is above guidance issued 12 months ago, in which JV partners set a target of $1.3bn, as the firm’s revenue growth objectives are more than on track.  However, …

A total of £13,209,805 in voluntary donations was received by GambleAware in Q3 of the 2022/23 financial year, with two familiar faces leading the table in terms of total contributions. The charity explained that donations from the UK’s two largest operators, Entain and bet365, accounted for 90.4% of the total £13m figure, with the remaining 9.6% coming from a range …

Maintaining a commitment to greyhound racing as a core betting product, the UK’s four biggest retail betting operators have renewed their partnerships with Premier Greyhound Racing (PGR).  Betfred, William Hill, Paddy Power and Entain will continue to leverage content from the provider, with the latter distributing greyhound racing material via its Ladbrokes and Coral high-street holdings. Signed a year in …

US gambling giant MGM Resorts is once again considering a bid to acquire its BetMGM joint-venture partner Entain Plc, as dealmakers await for the UK Gambling Review to be concluded. Citing ‘city sources’, the Daily Mail’s This is Money business news page stated that an M&A move would likely be reconsidered after the White Paper on the Gambling Act review …

Entain Plc has underlined its commitment to securing 100% growth within regulated igaming markets, having this morning declared an accelerated withdrawal from several unregulated areas.  The FTSE100 gambling gorup’s board notified investors that the it would no longer operate in “unregulated markets where it sees no path to domestic regulation.” No details were provided as to which markets Entain had …

Ending a 15-month absence from the country, Entain has re-entered the Dutch online sports betting market via its finalised takeover of local firm BetCity.nl. BetCity is the operating brand of BetEnt, which was acquired by Entain last June for an initial consideration of €300m (£257m), with a balancing payment due to be made once the company’s 2022 value is confirmed. …

As 2022 drew to a close the ever-constant shadow of the Gambling Act review continued to hang over the UK betting space, whilst a number of big names continued to make major moves.  Following the political chaos of Boris Johnson’s premiership, the situation began to stabilise at Westminster under Rishi Sunak, including the appointment of Paul Scully MP as Minister …

The narrative that gambling would see a ‘return to normalised trading’ was short-lived by 2022’s rude awakening, as once more, business was forced to adjust to the realities and concerns of a globalised world.  2021 ended on the unsatisfactory note that the UK government had failed to deliver its White Paper of gambling reforms, which would be delayed to the …

Entain’s journey into blockchain and the metaverse continued this week as the global operator initiated an NFT auction with a focus on social responsibility. The FTSE100 firm’s Entain Foundation US organised the bidding contest for a new NFT range dubbed ‘Superheroes of Responsible Gambling’, fronted by Entain partner and former NBA player Charles Oakley.  Proceeds from the sale will be …