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.
The GMVHY news page focuses on developments related to Entain plc and its associated activities in sports betting and gaming. Public communications describe Entain as a major sports betting and gaming group with a broad portfolio of brands, and as a 50/50 joint venture partner in BetMGM LLC alongside MGM Resorts International. Many of the recent news items connected to Entain reference BetMGM, which operates sports betting and iGaming brands across North America using Entain’s technology and exclusive content.
Investors and followers of GMVHY can use this news feed to monitor announcements that involve Entain’s role in BetMGM, such as business updates, guidance changes, and strategic initiatives described in public releases. Examples in the available information include BetMGM’s updates on financial performance and guidance, product enhancements to its app, and marketing campaigns and brand repositioning that draw on Entain’s technology and content capabilities.
Other news items linked to Entain through BetMGM highlight partnerships and collaborations in the gaming and sports ecosystem. These include agreements with professional sports organizations, responsible gaming initiatives that reference programs such as GameSense, and collaborations with partners in areas like rewards programs and payment options. Such announcements provide context on how Entain’s joint venture participates in the wider gaming and entertainment landscape.
By following the GMVHY news page, readers can track how Entain is mentioned in relation to BetMGM’s operational updates, market positioning statements, and public disclosures about its activities in sports betting and iGaming. This can help investors and observers understand how news about BetMGM and related brands may be relevant to the underlying company associated with the GMVHY ADR.
BetMGM, a leading sports betting and iGaming operator, has launched a new TV campaign for the 2024 football season featuring Academy and GRAMMY Award-winner Jamie Foxx. The campaign, directed by Brian Billow, showcases Foxx's comedic range through various character impersonations, highlighting BetMGM's brand DNA and customer-centric approach.
The series includes three spots: 'Anthem', showcasing fans' emotions and BetMGM's rewards program; 'Second Chance', promoting a new touchdown betting feature; and 'Feel Welcome', highlighting an offer for new customers. BetMGM operates in 29 markets across North America and emphasizes responsible gaming through its GameSense program.
BetMGM (NYSE:MGM) premiered a new national TV campaign for the 2024 football season starring Jamie Foxx, with spots filmed in Los Angeles and directed by Brian Billow.
The series includes three named spots: "Anthem" (fans' game‑day emotions and rewards), "Second Chance" (a promotion that refunds a straight player-first-touchdown wager in cash if that player scores on the second touchdown), and "Feel Welcome" (new-customer offer: up to $1,500 in bonus bets if first bet loses; bonus bets non-withdrawable and expire in seven days; offer not available in NV, PR, ON).
BetMGM highlighted its rewards linkage to MGM Resorts destinations, availability in 29 North American markets, and an emphasis on responsible gaming and GameSense tools.
MGM Resorts International (NYSE: MGM) and BetMGM are expanding their responsible gaming initiatives for the 2024 NFL season. They will increase GameSense® messaging at nine NFL stadiums, promoting responsible gambling practices. BetMGM plans to release new advertisements featuring brand ambassadors to highlight responsible gaming resources.
MGM Resorts is contributing $440,000 to fund responsible gaming research through partnerships with the International Center for Responsible Gaming and Kindbridge Research Institute. The company has also certified over 500 employees in its GameSense Advisor Program. Both companies will continue to partner with the American Gaming Association's Have A Game Plan.® Bet Responsibly.™ campaign to educate bettors on responsible sports wagering.
BetMGM, a leading iGaming and sports betting company, has introduced a groundbreaking feature for Nevada bettors: seamless nationwide connectivity through a single digital wallet. This innovation allows Nevada residents and visitors to wager in the state and carry their funds to BetMGM mobile markets nationwide, making it the first sports betting app to offer this convenience.
Key points:
- Users can sign up once in-person at an MGM Resorts property in Nevada
- The app is available across all U.S. BetMGM mobile markets
- New Nevada customers can receive a first bet offer of up to $250 in bonus bets
- BetMGM operates in 29 markets across North America
- The company focuses on responsible gambling education, integrating GameSense into its platforms
BetMGM, a leading sports betting and iGaming operator in the U.S., reported net revenue from operations of $1.0 billion in the first half of 2024, up 6% year-over-year. The company saw accelerating momentum with 2Q net revenue growth of 9% YoY, up from 3% in 1Q. BetMGM is focusing on investment and strategic execution in 2024 to drive future growth.
Key highlights include:
- 2Q online sports betting NGR per active up 16% YoY
- 2Q iGaming average monthly actives growth of 18% YoY
- 13% GGR market share in the U.S. and Ontario across Sports Betting and iGaming
- Launched digital sports betting in North Carolina and District of Columbia
- Enhanced sports product with Angstrom capabilities and improved player experiences
- Expanded responsible gaming initiatives
BetMGM expects greater marketing investment in iGaming in 2H 2024, funded by bank debt, with 2H EBITDA similar to 1H. The company remains confident in its pathway to $500 million EBITDA in the coming years.
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.
BetMGM has launched mobile sports betting operations across Washington, D.C., expanding beyond its previous two-block radius around Nationals Park. This follows the D.C. Council's approval of the FY2025 budget, opening the digital sports betting market. BetMGM will maintain exclusivity near Nationals Park, where it operates a sportsbook.
The expansion allows district-wide access to BetMGM's sports wagering experience, including rewards tied to MGM Resorts and Marriott Bonvoy. BetMGM continues to invest in the region, creating jobs and contributing tax dollars. The app is now available for download across the D.C. Metropolitan area, offering new customers a first bet offer of up to $1,500 in bonus bets.
BetMGM currently operates in 29 markets with mobile and retail offerings, emphasizing responsible gambling education through its GameSense program.
BetMGM has announced an exclusive partnership with Brian Christopher, a top social media influencer in the slots and casino gaming space. As the new brand ambassador, Brian will feature in live streams and marketing campaigns showcasing BetMGM’s online casino platforms. His social media reach spans 8 million monthly unique viewers and 1.8 million subscribers, with content that recently surpassed 1 billion views. This collaboration will include live streams on various platforms, exclusive experiences, and a strong emphasis on responsible gaming. BetMGM, a leader in sports betting and iGaming with over 2,800 casino titles and multiple awards, continues to prioritize responsible gambling education and tools.
BetMGM, a leading sports betting and iGaming operator, will sponsor a Nightly Progressive Jackpot during Wheel of Fortune's 'Big Money Week' from May 20-24, celebrating the show's 8,000th episode. Contestants solving the Bonus Puzzle will add the jackpot to their winnings. Additionally, a 'Double Jackpot' wedge on the Wheel could double the jackpot amount. Home viewers can also register online for a chance to win the Nightly Progressive Jackpot.
BetMGM's branding will be prominently featured throughout the episodes, including co-branded graphics and in-show displays. BetMGM has a history of collaborating with the show, including the launch of Wheel of Fortune Online Casino in March 2023. The game show reaches over 21.5 million viewers weekly.
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