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
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
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
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
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