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 |
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 |
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 |
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 |
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 |
DraftKings, Entain Get Approval To Extend Deadline On Potential Deal
Entain listed five matters that need resolving before it agrees to a deal with DraftKings, including clarity on the future of BetMGM. Read More
Posted on: October 19, 2021 |
Does BetMGM Growth Change Calculus For Entain Deal With DraftKings?
BetMGM took online gambling market share in Q3 but how does that impact DraftKings' bid for parent company Entain? Read More
Posted on: October 12, 2021 |
What We Know About DraftKings’ Reported $22 Billion Bid For Entain
DraftKings has made a $20 billion bid for Entain, CNBC reported on Tuesday, but what is the strategic rationale? Read More
Posted on: September 21, 2021 |