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 |
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 |
Analysis: Is MGM Setting Up For Another Run At Entain?
MGM CEO Bill Hornbuckle said he wants MGM to be a global player in online gambling and is willing to invest cash heavily to get there. Read More
Posted on: November 17, 2021 |
The Week In Sports Betting News: Operator Conference Calls On Deck
Happy Monday, everyone. This is an important week for sports betting news as multiple big operators will report third-quarter results. As for last week’s news, the LSR Podcast is the perfect place to start for updates on New York sportsbooks, the minimum hold requirement in Tennessee and more. Make sure to follow @LSPReport on Twitter […] Read More
Posted on: November 1, 2021 |
No Deal For DraftKings And Entain As Talks Terminated
DraftKings shares jump 8% after the operator confirms it will not be making a firm takeover offer for UK company Entain. Read More
Posted on: October 26, 2021 |
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 |
Analysis: Why DraftKings $22 Billion Bid for Entain Doesn’t Add Up
Does DraftKings hurt it valuation with the acquisition? Do Entain shareholders want to own a combined business. Will MGM give its consent? LSR tries to answer these questions and more. Read More
Posted on: September 27, 2021 |
Could Entain Bid Again Be On The Table For BetMGM?
MGM Resorts found some extra cash in the couch cushions that could spur another important acquisition to help BetMGM. Talk of an MGM acquisition of Entain reheated when news of the MGM Growth Properties sale emerged Wednesday morning. Those talks cooled substantially after earlier this year when Entain rejected an $11 million bid in January. […] Read More
Posted on: August 5, 2021 |
Meet The Ravens First Sportsbook Partner Under New MD Sports Betting Law
The Baltimore Ravens named BetMGM as an official gaming partner just one day after MD sports betting became a reality. Under the agreement, BetMGM signage will feature throughout M&T Bank Stadium, as well as on Ravens digital and social media. The two parties will also work on Ravens-specific promotions and marketing campaigns inside the BetMGM […] Read More
Posted on: May 20, 2021 |