Welcome to our dedicated page for Entain Plc news (Ticker: GMVHY), a resource for investors and traders seeking the latest updates and insights on Entain Plc stock.
Entain Plc (GMVHY) delivers cutting-edge sports betting and iGaming solutions through brands like BetMGM, operating in over 30 regulated markets worldwide. This page provides investors with a comprehensive collection of official news releases and verified updates directly impacting the company's strategic position.
Access real-time information on earnings reports, regulatory developments, technology innovations, and partnership announcements. Our curated feed ensures you stay informed about operational milestones in Entain's digital transformation journey, including omnichannel platform enhancements and market expansions.
Key updates include corporate governance changes, responsible gaming initiatives, and financial performance metrics. Bookmark this page for streamlined tracking of Entain's progress in merging retail expertise with digital-first solutions across global gaming ecosystems.
BetMGM has announced exclusive partnerships with the Las Vegas Aces and the WNBA through the 2027 season, marking its first major collaboration with a women's professional sports franchise. The partnership includes prominent signage at Michelob ULTRA Arena, VIP experiences, and BetMGM becoming an authorized gaming partner of the WNBA.
Key highlights include the launch of the first-ever WNBA-branded online slot game and the "BetMGM Steals for Meals" program, which will donate $50 to The Just One Project for every Aces home steal. BetMGM reported significant growth in WNBA betting, with a 133% year-over-year increase during the 2024 season. The company will offer expanded betting options, including player props and Commissioner's Cup odds.
Century Casinos (CNTY) has announced a significant partnership with BetMGM to introduce sports betting in Missouri through its Century Casino & Hotel Cape Girardeau subsidiary. The long-term agreement enables BetMGM to operate both online and mobile sports betting platforms under Century's license. The deal includes revenue sharing with a guaranteed minimum for Century and potential retail sportsbook options at Century's discretion. The partnership's implementation is subject to obtaining necessary gaming licenses and regulatory approvals.
BetMGM reported strong Q1 2025 performance with total Net Revenue of $657 million, up 34% year-over-year. The company achieved significant growth across both iGaming (+27% to $443M) and Online Sports (+68% to $194M).
Key highlights include:
- First quarter EBITDA of $22 million, marking a $154M improvement YoY
- Handle increased 29% YoY to $4.1 billion
- Average Monthly Actives grew 6% YoY to 1.07 million users
- NGR margin improved by 110 basis points YoY
The company maintains market leadership in iGaming with 22% market share and holds an 8% share in Online Sports. BetMGM reaffirmed its FY 2025 guidance of $2.4-2.5 billion in Net Revenue and expects to achieve positive EBITDA for the full year.
BetMGM, the joint venture between MGM Resorts International (NYSE: MGM) and Entain plc (LSE: ENT), has scheduled its Q1 2025 business update for Monday, April 28, 2025. The company will release the update covering January 1 - March 31, 2025, at 7:00 AM ET.
A conference call with Q&A session will follow at 9:00 AM ET, with access details to be provided on MGM Resorts' investor website. The announcement comes ahead of both parent companies' quarterly results, with Entain reporting on April 29 and MGM Resorts following on April 30, 2025.
BetMGM, a leading sports betting and iGaming operator, has launched its first online casino commercial featuring brand ambassador Jamie Foxx. The 30-second spot titled 'Vegas Lights' debuts March 4, 2025, showcasing the connection between BetMGM's online platform and MGM Resorts International's physical locations.
The commercial follows Foxx visiting several MGM Resorts destinations in Las Vegas, including Bellagio, ARIA Resort & Casino, and MGM Grand. It highlights how players can earn in-person rewards like show tickets and resort accommodations through online play. The spot was created by Highdive agency and will air in BetMGM Casino's operating markets: Michigan, New Jersey, Pennsylvania, West Virginia, and Ontario.
BetMGM emphasizes its commitment to responsible gaming through the GameSense program, integrated within its mobile and desktop platforms, complementing existing responsible gambling tools.
MGM Resorts International (NYSE: MGM) and BetMGM have announced significant expansions in their responsible gambling initiatives, coinciding with Problem Gambling Awareness Month in March 2025. The companies have launched several key partnerships:
- A $180,000 donation to Kindbridge Research Institute for sports betting impact studies
- Nationwide expansion of BetMGM's Kindbridge Behavioral Health referral program
- Enhanced GameSense messaging deployment across digital platforms and retail sportsbooks
- Educational collaboration with UNLV Gaming Law students
Additional commitments include a $60,000 contribution to State Councils on Problem Gambling, renewed partnership with EPIC Global Solutions, and continued support of the AGA's Have A Game Plan® Bet Responsibly™ campaign. These initiatives demonstrate MGM's comprehensive approach to promoting responsible gaming and providing support services for affected individuals.
BetMGM has provided its Fiscal Year 2024 performance update, showing a Net Revenue of $2.1 billion, up 7% year-over-year. The company's iGaming segment achieved record revenue of $1.5 billion, growing 13% YoY, while Online Sports revenue increased 4% to $554 million.
Despite reporting an EBITDA loss of $244 million for FY2024, BetMGM expects to achieve positive EBITDA in 2025, with projected Net Revenue between $2.4-2.5 billion. The company maintained a 14% GGR market share in active markets, with iGaming at 22% and Online Sports at 8%.
Key operational highlights include a 14% increase in Average Monthly Actives, expansion into North Carolina and Washington D.C., and securing a $150 million revolving credit facility. The company reaffirmed its confidence in reaching $500 million EBITDA in the coming years, supported by scale, revenue growth, and operational leverage.
BetMGM has announced an exclusive multi-year partnership with Fremantle to secure online casino rights for iconic game shows 'The Price is Right' and 'Family Feud'. The collaboration will enable BetMGM to create customized slots, table games, and non-traditional casino games using these popular game show brands.
The partnership includes exclusive sponsorship integrations during select weeks of upcoming seasons for both shows. BetMGM's online casino platform currently features over 3,500 titles across North American markets and operates one of the largest state-by-state exclusive jackpot networks with more than 20 game titles.
The deal emphasizes responsible gaming through BetMGM's integration of GameSense, developed by the British Columbia Lottery , alongside existing responsible gambling tools to ensure safe digital experiences for customers.
BetMGM, a leading sports betting and iGaming operator jointly owned by MGM Resorts International (NYSE: MGM) and Entain plc (LSE: ENT), has announced it will release its FY 2024 performance update on February 4, 2025, at 7:00 a.m. Eastern Time. The company will host an audio webcast at 9:00 a.m. Eastern Time on the same day.
Additionally, MGM Resorts International will release its Q4 and FY 2024 results on February 12, while Entain plc will announce its FY 2024 results on March 6.
BetMGM has announced a significant upgrade to its customer experience by consolidating BetMGM Reward Points (BRPs) into a single account system. This enhancement allows users to access their rewards points across different jurisdictions, complementing the existing single, digital wallet feature that provides unified login credentials and cash balance accessibility. BetMGM became the first sports betting app to offer Nevada bettors nationwide connectivity through this digital wallet system in August. Players can earn rewards points through BetMGM Sportsbook, Casino, and Poker activities, which can be redeemed for odds boosts, Gametime credits, at MGM Resorts destinations, or exchanged for Marriott Bonvoy Points.
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