DIRS.INFO The most relevant business & tech news

☆ Online-gambling giants conquer U.S. with tactics deemed too tough for Britain
▼ + stars: | 2024-07-03 | by ( ) www.cnbc.com time to read: +22 min

NYSEIn 2018, British regulators sanctioned the UK arm of online gambling giant Flutter after it failed to catch an astonishing anomaly. The United States is Flutter's largest and fastest-growing market in terms of revenue. Both online sports betting and online casinos have been legal and regulated far longer in Britain than in the United States. But in the United States, Flutter doesn't place such limits on the age group. Around a decade ago, British politicians became concerned about a rise in gambling-linked fraud and suicides involving online VIP customers.

Persons: Peter Jackson, America —, Amit Patel, Patel, Alex King, King, FanDuel, Chris Ratcliffe, haven't, hasn't, Jackson, weren't incentivized, Flutter's FanDuel, Entain, Rob Wood, BetMGM, Paul Tonko, Tonko, Entain's Wood, —, Joe K, Joe, Pavlo Gonchar, Rob Gronkowski, Jamie Foxx, Foxx, Gronkowski, Goldman Sachs, who'd, Betfair, Entain's, Felicia Grondin, Silquia Patel, Eduardo Munoz, Flutter's, Chris Jones, Josh Giaramita Organizations: MGM, New York Stock Exchange, NYSE, Flutter's U.S, Jacksonville Jaguars, Reuters, Fanduel Inc, Bloomberg, Getty, The New York Stock Exchange, NYSE BetMGM, MGM Resorts International, MGM Resorts, New York Democrat, U.S, Lightrocket, Supreme, American Gaming Association, New York, Gaming Commission Locations: America, Edinburgh, Britain, United States, Dublin, U.S, British, BetMGM, New Jersey, States, United Kingdom, Ireland, New York, East Rutherford , New Jersey, FanDuel

☆ 8 top sports-betting execs share their predictions for 2024, from the rise of AI to an acceleration in the growth of live betting
▼ + stars: | 2024-01-02 | by ( Margaret Fleming | Ashley Rodriguez | ) www.businessinsider.com time to read: +3 min

BetMGM CEO Adam Greenblatt is looking to Las Vegas as the new hub of sports and sports betting. The biggest surprise of 2023: "The speed at which Las Vegas has positioned itself as the center of the sports universe. Vegas now has an NFL team and a Las Vegas Aces team that became the first in 21 years to win back-to-back WNBA championships. "Las Vegas invented the sports betting industry and I believe it will give life to a new era in sports and sports tourism as the destination for marquee events." His top prediction for 2024: "In addition to sports betting going live in North Carolina, I expect 2024 to reflect an acceleration in the growth of live betting.

Persons: Adam Greenblatt, Greenblatt, BetMGM Greenblatt, He's Organizations: BetMGM, BI, Las, The Knights, Stanley, Vegas, NFL, Las Vegas Aces, Oakland, NBA, Bowl Locations: Las Vegas, Vegas, North Carolina

☆ BetMGM's CEO describes his strategy to hold onto its No. 3 spot in US sports betting as Fanatics and ESPN Bet circle
▼ + stars: | 2023-11-27 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +6 min

BetMGM CEO Adam Greenblatt knows Fanatics and ESPN Bet are looking to eat his lunch. However, it has lost some ground, hovering around 15% market share in the third quarter compared to about 20% a year earlier. And a new crop of competitors including Fanatics and Penn Entertainment's ESPN Bet are vying for its position. "Everyone's kind of fighting for that third and fourth spot," Macquarie gambling analyst Chad Beynon told Business Insider in September. Online casino gaming, also known as igaming, is legal in only a handful of US states and has expanded slower than legal sports betting.

Persons: Adam Greenblatt, BetMGM, Penn, Macquarie, Chad Beynon, Greenblatt, We've, we're, Entain, we've, we'll, " Greenblatt, it's Organizations: ESPN Bet, Krejcik, MGM Resorts, Business, BI, MGM, Detroit Lions Locations: North America, Borgata's, Atlantic City, Michigan

☆ 5 Top Sports-Betting Trends to Watch, From AI to Igaming Regulation
▼ + stars: | 2023-10-18 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +9 min

The AI arms raceGambling companies overall are racing to figure out how to use artificial intelligence to supercharge their businesses. She sees potential for AI to help spot problem gambling behavior, as well. IGaming legislation could gain steam in 2024The pace of legal online casino-style gambling, or iGaming, regulation has moved at a glacial pace in the US. It's been a big obstacle for gambling operators because iGaming is generally a more profitable business than sports betting. Many in the industry are hoping for a domino effect when the next significant state legalizes iGaming that spurs others to follow.

Persons: —, Amy Howe, Jason Robins, we're, FanDuel's Howe, David Jacquet, It's, Howe, FanDuel, Travis Kelce, Lewis Hamilton, DraftKings, Robins, PrizePicks, we'll, Adam Greenblatt, he'd, Greenblatt, it's, cybersecurity Organizations: Sports, DFS, Kansas City Chiefs, Underdog, US, American Gaming Association, MGM, Caesars, MGM Resorts, Caesars Entertainment Locations: Las Vegas , Nevada, — Florida, New York, Michigan, G2E

☆ World Cup fuels surge in women's sports betting, but early kick-offs weigh
▼ + stars: | 2023-08-16 | by ( Yadarisa Shabong | ) www.reuters.com time to read: +2 min

Entain (ENT.L), owner of Ladbrokes and Coral brands, said it saw "exponential growth" in betting on the sport and a record number of women globally placing bets. The first three England games saw one-fifth of bets placed by women, it said. Betting on the co-host and semi-finalist Australia saw a 200% increase, fuelled by the Matildas strong run. Soccer leads the way in terms of the number of people betting and placing bets, and the number of women betting on women's soccer has doubled annually, the study said. Entain did not immediately disclose the number of bets placed on the World Cup.

Persons: Alishia, William Hill, Lee Phelps, Entain, Dominic Grounsell, Yadarisa, Conor Humphries Organizations: Soccer Football, FIFA, Australian High Commission, Australia, England, REUTERS, German Sport University Cologne, Soccer, Thomson Locations: New Zealand, London, Australia, Britain, Bengaluru

☆ Britain's Entain to buy U.S.-based Angstrom Sports for $160 mln
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +1 min

July 17 (Reuters) - Ladbrokes-owner Entain (ENT.L) on Monday agreed to acquire U.S.-based Angstrom Sports for 122 million pounds ($159.5 million) as it looks to widen its footprint in the country. The acquisition of the sports modelling, forecasting and data analytics company will comprise a total consideration of 81 million pounds and contingent payments over three years, the company said in a statement. Over the years, Entain has added several betting groups to its portfolio to expand into Canada, the Netherlands and other parts of Europe. The acquisition of Angstrom is expected to be completed in the third quarter of 2023. ($1 = 0.7651 pounds)Reporting by Radhika Anilkumar in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

Persons: Entain, Jette Nygaard, Andersen, BetMGM, Radhika Anilkumar, Dhanya Ann Thoppil Organizations: U.S, Sports, MGM Resorts, Angstrom, Thomson Locations: parlay, Canada, Netherlands, Europe, Bengaluru

☆ European gambling company Entain is nearing a deal to buy a sports pricing and analytics firm for about $200 million, sources say
▼ + stars: | 2023-05-18 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +2 min

Entain is nearing a deal to buy pricing and analytics company Angstrom Sports, sources say. Pricing and analytics companies are attracting M&A buzz in sports betting. European gambling operator Entain is nearing a deal to buy the London-based pricing and analytics company Angstrom Sports, three people familiar with the discussions told Insider. The deal could be worth around $200 million, though the terms have not yet been agreed upon, the people said. Pricing and analytics companies are among several smaller pockets of the sports-betting industry where M&A is heating up.

☆ A 27-page report breaks down where the money is flowing in sports tech and the investors to watch. Here were 5 key takeaways.
▼ + stars: | 2023-03-22 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +7 min

Investment bank Drake Star broke down dealmaking in 2022 and what it means for the year ahead. Sports tech M&A activity in 2022, from Drake Star's Global Sports Tech Report 2022. Drake Star Global Sports Tech Report 2022The fourth quarter saw a surge in M&A volume with 67 deals, the most in the sector's recent history. More sports tech companies could explore public listings in the second half of the year. "Some of the IPO ready sports tech companies are expected to explore IPO/SPAC listings."

☆ Entain's shares tumble as MGM scraps buyout plan
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: 1 min

Feb 9 (Reuters) - Shares of Entain plc (ENT.L) tumbled up to 13% on Thursday after the U.S-based MGM Resorts International (MGM.N) said it had "moved on" from pursuing an offer for the British gambling firm. MGM Chief Executive William Hornbuckle said in a post-earnings call on Wednesday that although it remained focused on online sportsbook BetMGM - a joint venture with Entain - it saw great potential in the expansion of Swedish online gaming company LeoVegas, which it bought last year. Entain's shares fell as much as 13% to an over one-month low of 1365.5 pence in morning trade. Reporting by Radhika Anilkumar in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "Entain's"

9 mentions found