Thursday, August 5, 2021

Tag: MGM

Entain resists MGM takeover advances

MGM Entain deal
Entain’s rebuke of MGM’s initial takeover offer of $8bn, on the grounds it substantially undervalued its assets - followed swiftly by the departure of CEO, Shay Segev - looks to have derailed one of the world’s largest gambling transactions.

MGM in pole position for US betting in 2019

MGM, US betting, sportsbook, NFL
Having forged a formidable range of betting-related partnerships in 2018, America’s largest casino group, MGM, is leading the charge across new US betting markets. Of all the stakeholders in US gaming, few are doing more to secure their share of sports betting revenues…

Leagues turn from integrity fees to data

American football
The American sports leagues’ struggle for integrity protections is shifting from fees to data sharing - and from lobbying lawmakers to striking commercial agreements with gaming. Five states now have sportsbooks up and running, but not one of them requires operators give sports leagues a piece of the action. Subsequently leagues efforts to secure terms have shifted, away from statutory law...

NHL offers sports betting data to highest bidder

Ice Hockey
The NHL has stated it would back sports wagering on national hockey matches provided operators return a portion of the revenue back to the league. Despite the Supreme Court denying both the NBA and NHL “integrity fees” following the overturning…

New Jersey Governor signs sports betting into law

US Supreme Court
New Jersey has officially legalised sports betting, after the state’s eight year drive for federal gambling approval was ratified by the Supreme Court in May of this year. Governor Philip D Murphy signed the ruling into law on 10 June, with the new legislation…

UK bookmakers see boxing betting record broken

The hugely anticipated Mayweather McGregor fight that takes place on 26 August has reportedly smashed the record for amount wagered on a fight says Betfair. The gambling company’s exchange market details that £20m has been bet alone through them already beating the previous total boxing betting record of £8.9m that was set when Mayweather clashed with Manny Pacquiao in 2015. Betfair...