BetMGM Partner Entain Hit With Largest-Ever UK Fine For RG Failures

One half of the BetMGM joint venture received the largest fine ever levied in the UK for responsible gambling failures. Entain will pay a £17 million ($20.5 million) fine for “serious failures,” UK Gambling Commission Chief Executive Andrew Rhodes said in Wednesday’s release: “There were completely unacceptable anti-money laundering and safer gambling failures. Operators are […] Read More

Posted on: August 17, 2022 | | Matthew Waters

Is LeoVegas Acquisition By MGM Bad News For BetMGM Venture?

MGM announced on Monday a $607 million offer for Nordic gaming operator LeoVegas. LSR explores what the deal means for the BetMGM brand? Read More

Posted on: May 2, 2022 | | Brad Allen

Entain CEO: BetMGM NY Sports Betting Share In Line With Expectations

BetMGM share of the mobile NY sports betting market so far has been in line with expectations, Entain CEO Jette Nygaard-Andersen said. Nygaard-Andersen made the comments during Entain’s first-quarter trading update last week The report itself is short on details since London-listed companies do not need to provide specific financial information for first and third quarter updates. […] Read More

Posted on: April 14, 2022 | | Matthew Waters

Acquisitions, BetMGM Investment Part of Entain Growth Plans

BetMGM parent Entain reported a solid year of growth, with plans to spend on acquisitions in 2022. Entain’s overall revenue in the fiscal year 2021 was up 7% year-over-year from $4.85 billion to $5.19 billion, according to a Thursday presentation. Online revenue jumped 12%, $3.67 billion to $4.10 billion, while retail revenue dropped 8% from $1.14 billion to […] Read More

Posted on: March 8, 2022 | | Pat Evans

Super Bowl Betting: Know Your Limits Before You Start

Betting on the Super Bowl is something it seems like just about everyone does. Unfortunately, not everyone follows the most important rule of betting responsibly. The vast majority of people do gambling responsibly – at least 95% exhibit healthy gambling practices, said Martin Lycka, Entain senior VP for American regulatory affairs and responsible gambling. Super Bowl betting […] Read More

Posted on: February 13, 2022 | | Matthew Waters

Entain Adds to Canada Sports Betting Products With Acquisition

Entain is adding to its push for sports betting in Canada. On Monday, Entain announced the acquisition of Avid Gaming, which owns Sports Interaction, a key operator in the Canada sports betting landscape. The acquisition price is CAD $300 million, according to a release. “[Sports Interaction] is highly complementary to our existing operations in Canada, […] Read More

Posted on: February 10, 2022 | | Pat Evans