Entain

Overview
Activities
News
Sports Tech?
Product stageSegments
Expansion
?
Sports betting and fantasy platforms
?

Entain PLC, formerly known as GVC Holdings Plc, is a leading global sports betting and gaming company. It operates various online and retail brands, including BetMGM, Ladbrokes, Coral, bwin, and PartyPoker, catering to customers across multiple jurisdictions. In August 2023, Entain launched its BetMGM iGaming and online sports betting brand in the UK, leveraging its successful brand and MGM Resorts' entertainment heritage to deliver an immersive online experience.

The BetMGM UK offering features exciting product features like large jackpots, loyalty rewards, sports promotions, and exclusive slots. Entain's diversified portfolio and international presence position it as a prominent player in the online gambling industry. In January 2022, the company announced a USD 133 million investment to establish Ennovate, a global innovation lab focused on developing entertainment experiences in the metaverse, including applications for non-fungible tokens (NFTs).

Entain's joint venture with MGM Resorts, BetMGM, LLC, continues to operate the BetMGM brand in the US and Canada, utilizing technology provided by Entain. As of April 2024, BetMGM's revenue was on track to meet or exceed forecasts, ranging from GBP 1.41 billion to GBP 1.57 billion, indicating growth potential in the rapidly expanding US sports betting market. In June 2023, Entain raised approximately GBP 600 million through a new stock issue to acquire the Polish sports betting operator STS, aligning with its strategic expansion goals.

Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
London GBR
Founded year:
2001
Employees:
10,000
IPO status:
Public
Total funding:
USD 760.3 mn
Last Funding:
USD 760.3 mn (Post IPO Equity; Jun 2023)
Last valuation:
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