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Business
January 22, 2021
BetMGM Raises 2020 Revenue Forecast Ahead of Michigan Launch
Sports betting brand BetMGM raised its 2020 revenue forecast following strong performance in the fourth quarter during which the company saw the number of active customers nearly double the one from the previous quarter. Double Digit Raise in Revenue Forecast BetMGM announced in October expectations for net gaming revenue (NGR) between $150 million and $160 […]
Business
January 21, 2021
After Stellar 2020, Entain Enters 2021 with Good Momentum
2020 was a stellar year for Entain, according to the company’s most recent financial year report. After observing a 27% growth of online net gaming revenue, the company enters 2021 with good momentum. Entain Reveals Its Q4 2020 and Financial 2020 Update The global sports-betting and gaming entertainment company, Entain plc released its trading report […]
Industry
January 21, 2021
Jette Nygaard-Andersen Confirmed as Entain’s Chief Executive
Entain officially confirms Jette Nygaard Andersen as its new chief executive along with appointing Rob Wood as vice CEO. Nygaard-Andersen Steps in as Entain CEO Speculation season is over and Entain Plc has confirmed Jette Nygaard-Andersen as its new chief executive following the announcement that Shay Segev, the outgoing CEO, will step down and move […]
Business
January 19, 2021
MGM Resorts Would Not Table a Firm Takeover Bid for Entain
Las Vegas-based gaming and hospitality company MGM Resorts announced Tuesday it would not proceed with a firm bid for Entain PLC after having its latest proposal worth $11 billion rejected. All-Stock Bid Swiftly Rejected MGM Resorts offered an all-stock deal to Entain shareholders in which each share at the Isle of Man-registered gaming group would […]
Business
January 18, 2021
Alta Fox Capital Would Block Entain’s Bid for Enlabs
Entain’s £250 million bid for Baltic gaming operator Enlabs AB is on the verge of collapsing after a second large shareholder of the Stockholm-listed company vowed to block the deal, EGR reports. Alta Fox Capital Management, a hedge fund holding 3.34% stake in Enlabs stated it would reject the purchase at the proposed price. Bid […]
Business
January 15, 2021
Entain Looking to Appoint Jette Nygaard-Andersen as CEO: Sources
In the midst of a takeover bid from North American partner MGM Resorts, the rebranded GVC Holdings, Entain, is reportedly seeking to appoint Jette Nygaard-Andersen as permanent CEO to take over from departing CEO Shay Segev. Jette Nygaard-Andersen to Potentially Take Entain’s Top Job Entain is reading up to inaugurate its first female chief executive, […]
Business
January 14, 2021
Entain Should Up the Bid, Enlabs Large Shareholder Suggests
Entain’s acquisition bid to Baltic operator Enlabs AB disappointed some shareholders of the acquired company, a report in EGR reveals. Earlier in the month, the wholly-owned by Entain Malta-based subsidiary Bwin Holdings offered SEK2.8 billion for the Nasdaq First North-listed operator. Entain’s Acquisition Bid in Tatters The tabled bid of SEK40 per share “significantly undervalues […]
Industry
January 12, 2021
Ninja Casino Could Relaunch in Sweden under Entain’s bwin Brand
Defunct Ninja Casino iGaming brand is now looking at a new chance to return to business as Entain is taking over Enlabs AB and looking to restore the iconic brand in Sweden. Ninja Casino Is Coming Back to Sweden, Eventually Entain is looking to recover the Ninja Casino brand in Sweden once it finalizes its […]
Business
January 11, 2021
Entain CEO Shay Segev to Withdraw for a Position in DAZN
Entain’s CEO, Shay Segev, is leaving the company to take up a position at DAZN, a global streaming giant. Entain Sees Shay Segev Go to DAZN Only six months after stepping in at the helm of Entain, and steering the company to an ambitious future, Shay Segev, the now-departing CEO, has decided to move on […]
Industry
January 10, 2021
IAC to Support MGM Entain Takeover Bid
MGM Resorts shareholder IAC ready to invest US$1 billion in Entain acquisition MGM and Entain Could Become Global Gaming and Entertainment Leader Media and internet company IAC/InterActiveCorp vowed to help MGM Resorts International in its bid to acquire British online betting firm Entain PLC. The US media giant, founded by Barry Diller, boasts a 12% […]