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Making moves:However, there are plenty of reasons for optimism.Operating both online and in the retail sector, GVC Holdings is one of the world’s largest sports-betting and gaming groups.”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....
Online software developer NetEnt has decided to take one of its most popular online slot games and upgrade it with the Megaways mechanic. The game includes the classic old-Vegas vibe with jazzy sounds and retro graphics.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....
”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.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. 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 multiyear partnership between MGM Resorts and the football team....
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Currently, the BetMGM brand has a presence in nine US states, with plans for that number to grow significantly by the end of 2021.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. Our clear strategy of prioritising sustainability and growth will allow us to achieve these goals, thereby providing long-term value for all of our stakeholders....
