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MGM, Entain Shares Plunge on News of BetMGM’s $123M H1 Loss
MGM Resorts International (MGM) and Entain share prices dropped sharply this week after BetMGM reported an H1 loss of $123 million and said it expects similar results in the second half of 2024. The 50/50 MGM/Entain joint venture also adjusted its $500 million 2026 EBITDA target to “the coming years.” BetMGM’s stated goal of achieving […]
FanDuel, DraftKings, BetMGM May Be Watching West Virginia Greenbrier Hotel Auction
The Big Three online casino operators — FanDuel, DraftKings, and BetMGM — may be closely watching the Aug. 27 auction of Greenbrier Hotel in West Virginia. That’s because the operators’s brands are on the gambling license of Gov. Jim Justice‘s property, which is in foreclosure. However, the casino may not be part of the auction. […]
Lightning Storm: Evolution’s Latest Game Show Launches First in North America With BetMGM
Lightning Storm, the latest live dealer game show from Evolution, is now available in Ontario, Canada, via an exclusive partnership with BetMGM Casino—a partnership that bodes well for the odds of an eventual US launch. Through the deal, BetMGM’s Ontario players can experience Evolution’s newest “high-voltage game show” featuring five new “never seen before” bonus […]
Federal Trade Commission’s Pursuit of MGM Resorts International May Become a Partisan Political Issue
Federal Republican lawmakers have attached conditions to the Federal Trade Commission’s (FTC) funding that would make it impossible to continue its investigation of MGM Resorts International. The FTC has been seeking to investigate MGM for potential compliance failures related to its handling of customer data during last year’s cyberattacks. Their Democrat peers on the House Appropriations Committee proposed […]
New Entain CEO Gavin Isaacs Expected to Help BetMGM Win in America
New Entain CEO Gavin Isaacs is expected to help turn the company’s performance around, including gaining market share for the online gambling giant’s US joint venture, BetMGM. On Sept. 2, the board chairman at iGaming content supplier Games Global begins work at Entain. Entain appointing Isaacs appears to show the half-owner of BetMGM wants to regain […]
Second Alleged Scattered Spider Member Arrested in Connection to 2023 Casino Cyber Attacks
UK authorities have arrested a 17-year-old in connection to last year’s cyberattacks on Caesars and MGM Resorts International. The teenager from Walsall in central England is accused of belonging to the hacking group Scattered Spider and has been charged with blackmail and violations of the Computer Misuse Act. On July 18, the Regional Organised Crime […]
BetMGM, Retail Casinos Among Businesses Affected by CrowdStrike Windows Glitch
BetMGM has been offline since about midnight due to a widespread technology outage caused by a faulty CrowdStrike update. The problem is far bigger than one gambling site, however. The buggy code sent to Microsoft Windows workstations has knocked businesses and institutions offline worldwide—including other brick-and-mortar and online gambling providers. By noon ET on July […]
MGM Resorts’s Partnership With The Yankees Suggests Confidence in New York’s Potential
MGM Resorts International is now a “proud partner of the New York Yankees.” The gaming giant and baseball team announced a partnership that will result in exclusive VIP experiences for MGM Rewards members. The partnership will also enhance MGM’s visibility in the state, which could help the company secure a full casino license for its […]
MGM Live—Playtech Partnership to Bring Las Vegas Resort Experience to International BetMGM Players
MGM Resorts International is putting the emphasis on “international” with a plan to stream content from two of its Las Vegas retail properties to online casino customers in overseas markets. It struck an agreement with casino content vendor Playtech to stream live dealer games from the MGM Grand and Bellagio. Unfortunately, US BetMGM players won’t get […]
Tipico Shutting Down NJ Online Casino & US Sportsbooks Due to Acquisition by MGM Resorts
Tipico is set to become the latest casualty of the US online gambling market. Over the next few months, the company will wind down its American operations as it prepares to sell those tangible assets to MGM Resorts International. This means the shuttering of its New Jersey online casino and its online sportsbooks in four states. MGM […]