MGM RESORTS AND ENTAIN NOTICE OF BETMGM 1H 2024 UPDATE
Rhea-AI Summary
BetMGM, a leading sports betting and iGaming operator in the U.S., jointly owned by MGM Resorts International (NYSE: MGM) and Entain plc (LSE: ENT), will release an update on its 1H 2024 performance on Monday, July 29, 2024 at 8:30 a.m. Eastern Time. This update precedes the upcoming financial results announcements for MGM Resorts International (2Q 2024 on July 31) and Entain Group (1H 2024 on August 8).
BetMGM, founded in 2018, offers sports betting and online gaming through brands including BetMGM, Borgata Casino, Party Casino, and Party Poker. The company leverages Entain's technology and MGM Resorts' land-based and online gaming businesses to pioneer in the online gaming industry.
Positive
- BetMGM is a market-leading sports betting and iGaming operator in the U.S.
- BetMGM has exclusive access to MGM's U.S. land-based and online sports betting, major tournament poker, and online gaming businesses
- BetMGM utilizes Entain's North America-licensed, state-of-the-art technology
Negative
- None.
News Market Reaction – GMVHY
In the trading session that priced this news, GMVHY gained 2.27%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Upcoming dates
July 31: MGM Resorts International 2Q 2024 Results
August 8: Entain Group 1H 2024 Results
About BetMGM
BetMGM is a market-leading sports betting and gaming entertainment company, pioneering the online gaming industry. Born out of a partnership between MGM Resorts International (NYSE: MGM) and Entain Plc (LSE: ENT), BetMGM has exclusive access to all of MGM's
About MGM Resorts International
MGM Resorts International (NYSE: MGM) is an S&P 500® global gaming and entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of
About Entain PLC
Entain plc (LSE: ENT) is a FTSE100 company and is one of the world's largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports brands include BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, Sports Interaction, STS, SuperSport and TAB NZ; Gaming brands include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino. The Group owns proprietary technology across all its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis.
The Group has a 50/50 joint venture, BetMGM, a leader in sports betting and iGaming in the US. Entain provides the technology and capabilities which power BetMGM as well as exclusive games and products, specially developed at its in-house gaming studios. The Group is tax resident in the
Entain is a leader in ESG, a member of FTSE4Good, the DJSI and is AA rated by MSCI. For more information see the Group's website: www.entaingroup.com
BETMGM CONTACT:
WITEK WACINSKI
Senior Vice President – Strategy & Development
witek.wacinski@betmgm.com
MGM RESORTS CONTACTS:
Investment Community
ANDREW CHAPMAN
Director, Investor Relations
achapman@mgmresorts.com
News Media
BRIAN AHERN
Executive Director, Media Relations
media@mgmresorts.com
ENTAIN CONTACT:
Investment Community
DAVINA HOBBS
Director of Investor Relations
investors@entaingroup.com
AIMEE REMEY
VP of US Investor Relations
CALLUM SIMS
Senior Manager of Investor Relations
News Media
LISA ATTENBOROUGH
Head of Media Relations
media@entaingroup.com
JODIE HITCH
PR Manager
View original content:https://www.prnewswire.com/news-releases/mgm-resorts-and-entain-notice-of-betmgm-1h-2024-update-302202149.html
SOURCE BetMGM, LLC