Tag: BetMGM

DraftKings has launched the first retail sportsbook in New Hampshire at The Brook in Seabrook. (Image: DraftKings)

DraftKings Bids $20 Billion for Entain in Sports Betting Mega Merger

DraftKings offered to acquire the UK-based sports betting and gambling company Entain. Entain has a 50% stake in BetMGM and operates the Ladbrokes, PartyPoker, bwin, Sportingbet and Coral brands. CNBC’s sources report the offer is for $20 billion in DraftKings’ stock and cash. Investors quickly reacted to the news. Entain’s […]

Sports bettors are betting on the teams first year on a turnaround. (Image: Rey Del Rio/Getty)

Detroit Lions Receive Most Bets to Make the NFL Playoffs

According to BetMGM, the Detroit Lions are everyone’s favorite long shot to make the NFL playoffs. Although the Lions are roughly +750 to make the playoffs, the sportsbook has received more bets on Detroit than on any other team. A number of studies have shown that people root for underdogs, […]

Bradley Beal and Russell Westbrook celebrate a comeback victory with the Washington Wizards over the Brooklyn Nets. (Image: AP)

Bettor Banks $5 Million if Washington Wizards Win 2021 NBA Title

A bold sports bettor fired away with a $10,000 wager on the Washington Wizards to win the 2021 NBA Championship at 500/1 odds (or +50000), which would pay out $5 million. BetMGM reported that they accepted the moon-shot wager on the Wizards. There’s no word yet on the identity of […]

Online Sports Gambling in Michigan Set to Go Live This Week

Online Sports Gambling in Michigan Set to Go Live This Week

The wait is over for Michiganders as Richard Kalm, executive director of the Michigan Gaming Control Board (MGCB), said he expects the state to flip the switch for online sports betting within the next few days, and as soon as Tuesday night. Kalm noted Tuesday that final preparations in anticipation […]

How MGM’s New CFO Jonathan Halkyard Had a Hand in Tanking Caesars

How MGM’s New CFO Jonathan Halkyard Had a Hand in Tanking Caesars

After two failed attempts to acquire online gambling partner Entain, MGM Resorts International named Jonathan Halkyard as its new chief financial officer Thursday. He comes with experience handling complex mergers, instituting extreme cost-cutting measures, and dealing with private equity acquisitions, including several that preceded the biggest bankruptcy in gaming history. […]

BetMGM Makes More Moves in Pennsylvania, Partners with 76ers

BetMGM Makes More Moves in Pennsylvania, Partners with 76ers

Less than a week after debuting in Pennsylvania on the NBA’s opening night, BetMGM and the Philadelphia 76ers announced a multi-year partnership agreement. Announced Tuesday, the deal gives BetMGM’s logo key placement inside the Wells Fargo Center, including on the pole pads on either side of the court during 76ers […]

BetMGM Nabs Pittsburgh Steelers Partnership Prior to Launch in Pennsylvania

BetMGM Nabs Pittsburgh Steelers Partnership Prior to Launch in Pennsylvania

BetMGM’s pending arrival in Pennsylvania kicked off Tuesday with the announcement of a multi-year deal with the Pittsburgh Steelers. The online sportsbook has grown its media footprint steadily since hiring chief operating officer Ryan Spoon from ESPN last month. Parent company MGM touted BetMGM as the company’s 2020 bright spot […]

DraftKings’ Q3 Gains Create Stock Surge, But is Success Sustainable?

DraftKings’ Q3 Gains Create Stock Surge, But is Success Sustainable?

Buoyed by a trio of new states approving gambling on Election Day and continued progress with professional sports partnerships, DraftKings reported some big third quarter wins on Friday. As a result, shares of DraftKings stock jumped more than 10% to end the week after the company released blockbuster quarter-end totals, […]

WynnBET Expansion Lights Fiscal Path for Wynn Resorts

WynnBET Expansion Lights Fiscal Path for Wynn Resorts

An announcement that Wynn Resorts is in the process of investing heavily in its online gambling product, combined with the news that a COVID-19 vaccine may be in the offing, resulted in a mammoth win for the resort and entertainment giant (NASDAQ: WYNN) as its stock price surged more than 22% Monday […]

ESPN Eliminates 500 Jobs, 300 Through Layoffs

ESPN Eliminates 500 Jobs, 300 Through Layoffs

ESPN’s financial woes, exacerbated by the COVID-19 pandemic, have resulted in a massive layoff of 300 staffers along with the elimination of 200 currently unfilled job openings.  The layoffs will be spread throughout the sports cable empire, with on-air personnel being spared initially, according to a memo from ESPN Chairman […]