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BetMGM:To take advantage of the sports betting and gaming opportunity in the US, the group also entered into a joint venture with MGM Resorts International (NYSE: MGM) in late July this year.Operating both online and in the retail sector, GVC Holdings is one of the world’s largest sports-betting and gaming groups.Online software developer NetEnt has decided to take one of its mo...
”Key areas:The company outlined four key areas of growth opportunities that it says can significantly increase the scale of the group over the next 3 to 5 years.”The London-listed firm has announced several major changes to its future operations, among them is to operate 100 percent across regulated markets by the close of 2023, with 99 percent of revenue derived from regulated markets by this year’s end.Chief Executive Officer for GVC, Shay Segev commented on the company’s new identity in an official press release…“Today marks an exciting new chapter for the Group, and an important step forward in achieving our ambition of being the world leader in sports betting and gaming....
Craps has been our most requested new game by both players and operators for years and now it’s finally here.And while the mobile-friendly sports betting service achieved approximately 18 percent market share in New Jersey’s iGaming space over the second quarter of 2020, BetMGM lags behind (market shares) online heavyweights DraftKings and Flutter Entertainment’s FanDuel on the sports betting front.”Proceeds from regulated or regulating markets currently account for approximately 96 percent of the group’s overall revenue....
”The London-listed firm has announced several major changes to its future operations, among them is to operate 100 percent across regulated markets by the close of 2023, with 99 percent of revenue derived from regulated markets by this year’s end. On September 3, 2020, the NFL’s Detroit Lions named BetMGM as one of the team’s official sports betting partners and a few days later announced that it had become an official sports betting partner of the Las Vegas Raiders, an extension of an existing mcrown casino gaming hnnzultiyear partnership between MGM Resorts and the football team.that developing the new title ‘was a complex project’ but that the result is certain to ‘thrill craps enthusiasts in the United States, Europe and beyond’ while moreover ‘attracting legions of new fans....
”Key areas:The company outlined four key areas of growth opportunities that it says can significantly increase the scale of the group over the next 3 to 5 years. The move, which is subject to shareholder approval, reflects the Isle of Man-based group’s ambition to be “the world-leader in sports betting and gaming entertainment. Under our new corporate identity, we will continue to use our unique technology platform to build on the exceptionally strong momentum that we have in our existing markets, grow into new markets, reach new audiences, enhance the customer experience, and provide industry-leading levels of player protection....
