MGM And Entain Recommit To BetMGM Despite Failed Takeover Talks
Entain shares fell 16% in London on news that MGM Resorts was ending its takeover efforts after two previously rejected offers. Read More
Posted on: January 19, 2021 |
What Does Entain CEO’s Sudden Departure Mean For MGM Takeover?
Entain CEO Shay Segev will join streaming platform DAZN as co-CEO in a move that could see the company fully embrace sports betting. Read More
Posted on: January 11, 2021 |
MGM’s Largest Shareholder Offers Up $1 Billion To Get Entain Deal Done
Investment giant IAC said it supports the deal in because Entain's free cash flow can help fuel BetMGM's growth in the US. Read More
Posted on: January 8, 2021 |
Why Entain Rejected $11 Billion Takeover Bid From Sports Betting Partner MGM
London-listed Entain turned down an $11 billion takeover offer from MGM because it “significantly undervalued” the company and its prospects. Read More
Posted on: January 4, 2021 |
BetMGM Parent Teams Up With Verizon To Build Virtual Reality Betting Experiences
The companies will start the so-called "innovation alliance" by developing a virtual reality experience for viewers to watch and potentially bet on sports. Entain is behind the BetMGM platform in the US. Read More
Posted on: December 17, 2020 |
GVC Doubles Down On BetMGM But Yahoo Integration Still ‘A Journey’
BetMGM had a 17% share of sports betting and iGaming markets where it was active in Q3, according to GVC chief executive Shay Segev. Read More
Posted on: October 9, 2020 |
This Media Giant Just Made A $1 Billion Bet on MGM’s Online Potential
Nasdaq-listed IAC says MGM is a "once in a decade" investment opportunity thanks to the potential for its nascent online gambling business. Read More
Posted on: August 10, 2020 |
The Week In Sports Betting News: PA, NJ Markets Slowly Rebounding
Happy Monday, everyone. Sports betting enthusiasts around the US are rejoicing this week at the news of the return of major sports with MLB starting its shortened season Thursday. Make sure to follow @LSPReport on Twitter as sports begin to ramp back up to stay on top of the latest sports betting headlines. And subscribe […] Read More
Posted on: July 20, 2020 |
What Does Kenny Alexander’s Departure Mean For GVC’s US Ambitions?
GVC CEO Kenny Alexander will be stand down on Friday after 13 years with the business, to be replaced by group COO Shay Segev Read More
Posted on: July 16, 2020 |
The Week In Sports Betting News: GVC Said What Now?
This week's recap of sports betting news includes BetMGM raising more cash to chase competitors and a new bill that allows remote registration in RI. Read More
Posted on: July 13, 2020 |