Entain PLC

BetMGM, an online sports betting app, turned a profit in the latest quarter, hitting that milestone sooner than expected.The company, a joint venture between MGM Resorts International and Entain Plc, said Wednesday it achieved the positive result for the second quarter. The company previously projected it would reach that goal in the second half of the year. Shares of Entain rose 4% in London, while MGM Resorts added 1.1% in New York. BetMGM said optimizing player bonuses contributed to its strong financial performance,…

Marriott and MGM Resorts International announced a partnership Monday to link their loyalty programs and give customers more options for cashing in.Under the deal, MGM guests in the United States can earn Marriott Bonvoy rewards points and Bonvoy members will in turn have access to 17 MGM properties when they spend their points.MGM's 40,000 rooms will increase Marriott's global portfolio offerings by 2.4%.The partnership seeks to capitalize on frequent or business travelers, who can be fiercely loyal to certain hotel…

New York, NY. - December 7th. Portrait for a profile on Fanatics founder & CEO Michael Rubin at his office in downtown NYC.The Washington Post | Getty ImagesFanatics is in discussions to acquire the BetParx sportsbook, as the sports merchandising company looks to take a bigger position in sports betting, according to people familiar with the matter.A deal hasn't been reached, although Fanatics signed a letter of intent to buy the sportsbook, said the people, who weren't authorized to speak publicly on the matter. A…

FanDuel CEO Amy Howe is predicting her company will defend and even widen its share of the online sports betting market in the U.S. FanDuel CEO Amy Howe is predicting her company will defend and even widen its share of the online sports betting market in the U.S. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their…

Andrea Ellis has been appointed CFO of Fanatics Betting & Gaming.Source: FanaticsFanatics is getting one step closer to launching its highly anticipated sports-gambling division, nearly five years after the Supreme Court overturned the rule preventing states from legalizing bets on sporting events.The sports platform and e-commerce company, which has been valued at more than $27 billion, said Tuesday it hired Andrea Ellis to be the chief financial officer of its betting and gaming division. Fanatics CEO Michael Rubin…

American casinos, gaming companies and lawmakers are calling on federal prosecutors to crack down on illegal offshore gambling sites that they say are evading consumer protection regulations. The push comes as sports gambling has quickly expanded in the U.S. in recent years, with more than 30 states and Washington D.C. allowing it."What maybe at one point in time was a relative nuisance, is now becoming a serious threat to the legal, licensed gaming industry," Bill Miller, CEO of the American Gaming Association told CNBC…