Analysis: How Does BetMGM Growth Affect Potential MGM Bid For Entain?
Entain is trading 25% higher than when MGM last tried to acquire it. Does that bump in valuation take a renewed offer off the table? Read More
Posted on: May 10, 2021 |
BetMGM Lays Claim To Second-Place US Market Share At Investor Day
Following an initial slow rollout, executives from BetMGM believe they are on course for sustained top-tier nationwide market share, and will be profitable by 2023. During the company’s 2021 Investor Day presentation on Wednesday, CEO Adam Greenblatt detailed BetMGM’s aggressive expansion in both US sports betting and iGaming over the past six months. In a little more […] Read More
Posted on: April 22, 2021 |
Analysis: Mobile NY Sports Betting Bid Process Could Help These Operators
Even the best-laid plans often go awry, and so it is in NY sports betting. Four companies moved ahead of the game and had first-skin access deals for the market months and even years ago: DraftKings, partnered with Del Lago FanDuel, partnered with Tioga Downs Bet365, partnered with Empire Resorts BetRivers, affiliated with Rush Street‘s […] Read More
Posted on: April 12, 2021 |
Entain Aims To Push Women Forward With UNLV Partnership
As Entain Chief Executive Officer Jette Nygaard-Andersen steps into her role, the company is also pushing women upward in gaming. The UK-based Entain recently partnered with UNLV to launch the Women’s Innovation Igniter. Through the program, women will receive mentoring and support to help bring innovation and more inclusive environments to STEM fields, including sports betting. […] Read More
Posted on: April 2, 2021 |
BetMGM Looks To Audacy To Build Local Trust For Sports Betting Content
BetMGM is targeting local media markets with its latest partnership. The company announced a multi-year partnership with Audacy (formerly Entercom Communications) on Tuesday. Audacy has 39 all-sports stations across the US. With the sports betting industry legalizing on a state-by-state basis, BetMGM hopes the hyperlocal approach can win over customers, BetMGM Chief Revenue Officer Matt Prevost […] Read More
Posted on: March 31, 2021 |
DC Sports Betting Trends In February Another Bad Sign For GambetDC
There’s rarely been good DC sports betting news when it comes to the DC Lottery-run GambetDC platform powered by Intralot. Don’t expect any this month either. The latest figures imply William Hill, GambetDC’s only competition in the District, is picking up even more momentum. Meanwhile, the only DC sports betting app available throughout the majority […] Read More
Posted on: March 18, 2021 |
US Sportsbooks Use Free-to-Play Games To Scout New Bettors In March Madness And Beyond
As sports betting continues to proliferate in the US, free-to-play games are several steps ahead. Sportsbook operators and their partners are teaming up to scout potential bettors with free-to-play options. Whether pick‘em contests or March Madness bracket challenges, consumers seem to be participating. Roughly 36.7 million Americans will fill out a March Madness bracket this […] Read More
Posted on: March 18, 2021 |
Why Have US Sports Bettors Been So Sticky Thus Far?
BetMGM co-owner Entain became the latest firm to talk up the loyalty of US sportsbook customers at its Q4 earnings on Thursday. Read More
Posted on: March 10, 2021 |
Michigan Sports Betting Sees $115M Bet Online In 10 Days
We only have 10 days of data but online sports betting in Michigan looks ready to fight for a top-five spot in the US. Online MI sports betting handle was $115.2 million in the 10 days from launch on Jan. 22 through the end of the month, according to the state report released Wednesday. That […] Read More
Posted on: February 17, 2021 |
BetMGM Growing As Contender For Sports Betting Medal Stand
BetMGM went from being live in three states to start 2020 to 10 at the end of the year, with “sustainable” leadership positions. That’s according to MGM Resorts CEO Bill Hornbuckle, who gave the joint venture with Entain significant attention during MGM’s year-end earnings call Wednesday. BetMGM closed 2020 with $178 million in net revenue, […] Read More
Posted on: February 12, 2021 |