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Sports
March 27, 2025
AGCO Slaps CA$110K Fine on BetMGM Canada for Cash Promos
The Alcohol and Gaming Commission of Ontario (AGCO) has named BetMGM Canada Inc. as the latest company against which to issue an enforcement action. The operator has been fined CA$110,000 for violations under the Registrar’s Standards for Internet Gaming, as confirmed by the regulator. Ontario Goes After BetMGM Canada for Unauthorized Marketing The regulator stepped […]
Business
March 10, 2025
BetMGM Unveils £500K Giveaway as Cheltenham Festival Looms
As the highly-anticipated Cheltenham Festival looms, BetMGM has unveiled a very special promotion. According to its announcement, the operator will host a raffle where it will award some £500,000 to its luckiest customers. Bet £2 for a Shot at £250K According to BetMGM UK, two of its customers will scoop up prizes of £250,000 each […]
Business
March 5, 2025
BetMGM Announces Layoffs Amid Growing Market Challenges
BetMGM, a top player in the online gambling world, has said it will cut 83 jobs at its main office in Jersey City, New Jersey. The job cuts will start on May 27, as the company deals with slower growth in sports betting and tougher competition from other betting firms. BetMGM Adjusts Strategy as Sports […]
Business
February 28, 2025
MGM Resorts & BetMGM Renew Safer Gambling Partnerships in Preparation for PGAM
MGM Resorts International and the BetMGM brand announced the expansion of several “groundbreaking collaborations” focused on gambling harm research and prevention. The announcement comes ahead of National Problem Gambling Awareness Month. Problem Gambling Awareness Month is a time when industry stakeholders join forces to promote safer play, discourage unhealthy gambling habits, and spread awareness of […]
Business
February 28, 2025
BetMGM to Assume Control of MGM’s Sin City Sportsbooks
The Nevada Gaming Commission has allowed up-and-coming betting brand BetMGM to run MGM Resorts’ sports wagering operations in Las Vegas. This marks a significant development for the brand, which continues its growth journey. BetMGM to Take Over MGM Resorts’ Betting Operations CDC Gaming, which broke the news on this story, said that BetMGM, which was […]
Business
February 13, 2025
MGM Resorts Posts Strong 2024 Report Despite Mixed Q4
Gaming giant MGM Resorts has posted its results for 2024, reporting an all-time high net revenue, underpinned by the steady growth of MGM China. The BetMGM digital business, on the other hand, is nearing profitability. The Q4 Report Was Mixed The fourth quarter of the year saw MGM Resorts report consolidated net revenues of $4.3 […]
Business
February 6, 2025
Enteractive Agrees to Reinforce BetMGM’s CRM Efforts
Enteractive, a specialist in player reactivation and conversion services, has announced a new deal with iGaming and sports betting powerhouse BetMGM. Per the deal, the latter company will help the gaming operator tap inactive players and channel more customers toward its platform. Enteractive Will Reengage Inactive and Non-Funded Accounts According to the announcement, Enteractive will […]
Business
February 4, 2025
BetMGM Posts 2024 Report, Expects to Meet 2025 EBITDA Goals
Betting and gaming juggernaut BetMGM has published its FY 2024 financials, delivering revenue growth and optimistic EBITDA forecasts. While the brand is still EBITDA negative, it is convinced that 2025 may be a turning point. BetMGM Hopes to Turn EBITDA-Positive Soon BetMGM, which is jointly owned by MGM Resorts International and Entain, reported net revenue […]
Industry
January 30, 2025
PGCB Fines BetMGM & Two Others, Bans Several Adults from Gambling
The Pennsylvania Gaming Control Board (PGCB) announced that it has handed $282K in fines to three gaming operators. In addition to that, the board placed several people on its involuntary self-exclusion list. BetMGM Committed a Serious Violation In its official release, the PGCB confirmed that it has approved fines against three operators. Originally proposed by […]
Business
January 23, 2025
MGM May Consider Bid for Entain or Remaining Stake in BetMGM
Several years ago, the leading hospitality and gaming company, MGM Resorts International, filed a bid to acquire Entain Plc. The proposed takeover of the partner with which the company holds 50% ownership in BetMGM, a leading betting and gaming brand in the US, was ultimately rejected. However, MGM Resorts reportedly may consider a similar move […]
