Entain Plc Stock Price, News & Analysis

MGM Resorts and BetMGM have enhanced their responsible gaming initiative, integrating the GameSense program across both in-person and online platforms. This initiative aims to promote informed decision-making among players, featuring QR codes on slot machines offering access to responsibly gaming resources. More than 180 staff members are now certified GameSense Advisors. The initiative coincides with Problem Gambling Awareness Month and reflects a commitment to fostering a safe gaming environment, especially as sports betting markets expand.

BetMGM has entered a strategic partnership with SportsGrid, the first 24-hour sports wagering streaming network, to integrate BetMGM content into SportsGrid's programming. This collaboration aims to expand BetMGM's reach through advertisements on television and social media. BetMGM's odds and promotions will feature on popular SportsGrid shows, supported by access to BetMGM’s trading team for unique insights. Currently operational in 21 markets, BetMGM emphasizes responsible gaming education as it expands its online gaming services and sports betting offerings.

BetMGM has launched Puerto Rico's first regulated sports betting platform at Casino del Mar, La Concha Resort, on February 11, 2022. This initiative features 12 kiosks and five betting windows, with a full-scale sportsbook expected later this year. The launch coincides with the Super Bowl, catering to local sports fans. BetMGM plans to introduce a mobile betting app in the coming months. CEO Adam Greenblatt emphasized the significance of this expansion beyond the U.S. mainland, while Casino del Mar's GM expressed excitement over the partnership.

MGM Resorts and BetMGM have announced a multi-year extension of their partnership with the National Hockey League (NHL), enhancing their role as official sports betting and resort partners. The renewal coincides with the upcoming Honda NHL All-Star Weekend in Las Vegas. BetMGM will continue utilizing NHL branding and media channels to engage with fans and enhance customer experience. This partnership aims to grow the audience and promote responsible gaming through initiatives like 'Have A Game Plan' and GameSense.

BetMGM, a top sports betting and iGaming operator, announced the launch of BetMGM Rewards on February 2, 2022. This loyalty rewards program allows users to earn points and MGM Rewards Tier Credits with every wager, unlocking benefits at MGM Resorts' 20+ locations across the U.S. Customers can redeem points for various rewards, including hotel stays and dining experiences. The program also integrates with the Borgata Online Rewards for users in New Jersey and Pennsylvania. BetMGM prioritizes responsible gaming education as it expands its services.

BetMGM has officially opened its first retail sportsbook at Nationals Park in Washington, D.C., marking a significant milestone as the first sportsbook connected to a Major League Baseball stadium. The facility features 40 big-screen TVs, six betting windows, and user-friendly kiosks, all within a 4,000 square-foot area. The sportsbook will operate year-round, offering a vibrant destination for sports fans and casual bettors. This opening follows BetMGM's multi-year partnership with the Washington Nationals and complements its mobile app, enhancing its betting services in the D.C.-Maryland-Virginia region.

BetMGM has launched its online sports betting platform in Louisiana, offering various betting options just in time for the NFL playoffs. This positions BetMGM as one of the first mobile sportsbooks available in the state, enhancing its presence alongside retail sportsbooks in nearby Mississippi. Customers can benefit from integrated MGM Rewards starting February 1, 2022, allowing them to redeem gameplay for accommodations at MGM Resorts across the country. The BetMGM app, available on iOS and Android, follows the December 2021 launch of the BetMGM Horse Racing app in Louisiana.

Bally Sports has partnered with BetMGM to launch Live on the Line, Powered by BetMGM, its first sports betting program. The show airs weekdays at 12:00 PM ET on Bally Sports' 19 regional networks and the Bally Sports app. It delivers expert betting insights and engaging content aimed at both serious bettors and casual fans. Steve Rosenberg, President of Bally Sports, highlighted this initiative as a significant step in enhancing viewer engagement and driving interest in live game broadcasts. The program is produced in Chicago with contributions from various sports personalities.

BetMGM, jointly owned by MGM Resorts International and Entain, announces strong performance in 2021, projecting net revenue of approximately $850 million, a 5x increase from 2020. The company holds a 24% market share in U.S. sports betting and remains a leader in iGaming with 30% market share. For 2022, BetMGM expects net revenue to exceed $1.3 billion. The company plans to expand into new jurisdictions and anticipates reaching positive EBITDA by 2023, backed by a total investment of $450 million for 2022.