The sports betting market will grow to $9.2 billion by 2025 according to a report by J.P. Morgan. DraftKings was estimated to spend $93 million on advertising through the first three quarters of 2020. Major media outlets such as ESPN, FOX Sports, and Bleacher Report … Read more
MGM Resorts initially offered to buyout Entain Plc for $11.1 billion. IAC, and MGM Resorts Investor, offered an extra billion dollars to the deal. Entain, formerly known as GVC Holdings, has a joint venture with MGM for the online betting platform BetMGM. LAS VEGAS – … Read more
Iowa now allows residents the opportunity to remotely join sportsbooks in 2021 and two new operators, PointsBet and BetMGM have entered their market. William Hill now has a mobile sportsbook application available in Washington, DC to go along with their retail venue at the Capital … Read more
VSiN will feature BetMGM oddsmakers and industry experts in order to go more in-depth on the betting lines BetMGM offers. VSiN will broadcast the show Betting Across America 7 days a week starting on August 31. LAS VEGAS – On Tuesday, VSiN and BetMGM announced … Read more
Shareholders in BetMGM have announced the second round of investment into the betting platform making the total investment rise to $450 million BetMGM is expected to continue its growth in the US sports betting market by making over $130 million in revenue and operating in … Read more
Deutsche Bank analysts foresee huge positive growth for GVC Holdings in the back half of 2020. Deutsche’s consensus projection for GVC Holdings set its target price at 1040 GBX, nearly 30% above the current price. One analyst went one step forward and projected 2020 earnings … Read more
GVC Holdings, one of the world’s top gambling firms, won’t be paying its second interim dividend to its shareholders because of the COVID-19 crisis. The company will also be holding off on paying director bonuses. GVC is still in a relatively safe position financially, with … Read more
BetMGM only operates in New Jersey and Nevada at this time. The NBA and the NHL are both partners of BetMGM. The partnership will include MGM distributing Yahoo Sports information throughout its platforms and Yahoo Sports plans to host events in MGM Resorts facilities. LAS … Read more
All British gambling operators are required to make a donation to GambleAware, a charity organization that manages problem gambling. GVC Holdings pledged to donate 1.45 million pounds to charity, the most among all bookmakers in the area. In the U.S., each state with legal sports … Read more
Revenue from legalizing sports betting jumped from $261.3 million in 2017 to $430.2 million in 2018 once PASPA was overturned. The study will take place to help people better understand if the legalization of sports gambling is troublesome. Gambling addiction often occurs in people that … Read more
Paddy Power Betfair changed their name to Flutter Entertainment earlier this year. Flutter owns a majority stake in FanDuel Sportsbook. Executives from Flutter believe their revenue can increase ten-fold in the US. TALLAHASSEE, Fla. – As one of the first gaming operators to land a … Read more
GVC Holdings advertises across more than a dozen countries where it does business. In the US, GVC is partnered with MGM Resorts International. GVC technology is used in the playMGM app and powers the BorgataSports betting platform. LAS VEGAS – GVC Holdings, one of the … Read more
