10th Dec 2020 09:22
Entain PLC - sports betting and gaming - GVC Holdings PLC becomes Entain PLC, which it says reflects its new strategy for all countries in which it operates, including the US, and all its brands, including bwin, PartyPoker, Ladbrokes, Coral, FoxyBingo and BetMGM. The renamed company says it has seen strong momentum and market share gains in the US for BetMGM, its joint venture with MGM Resorts. The partnership is adding five new US states between this past October and January next year to grow to 12 states. It expects BetMGM to be live in 20 states by the end of 2021. Entain also says it went live in Colombia on Wednesday, becoming the first global betting group to gain a licence in Latin America. It is looking next at Brazil and also plans to apply for a license in Canada.
Current stock price: 1,028.00 pence
Year-to-date change: up 16%
By Tom Waite; [email protected]
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