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ENTAIN PLC UNSP/ADR - GMVHY STOCK NEWS

Welcome to our dedicated page for ENTAIN PLC UNSP/ADR news (Ticker: GMVHY), a resource for investors and traders seeking the latest updates and insights on ENTAIN PLC UNSP/ADR stock.

Entain PLC UNSP/ADR, traded under the symbol GMVHY, is a leading sports betting and iGaming operator. In partnership with MGM Resorts International, Entain operates BetMGM, a premier online gaming platform offering sports betting, major tournament poker, and online gaming experiences. With exclusive access to MGM's U.S. land-based and online sports betting businesses, BetMGM provides users with a diverse array of betting options across various sports and events. Committed to responsible gaming, BetMGM offers resources like GameSense to promote safe and enjoyable wagering experiences. Headquartered in New Jersey, BetMGM continues to expand its market presence and deliver cutting-edge entertainment to its customers.

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On July 28, 2021, BetMGM announced the signing of NFL star Marshawn Lynch as a brand ambassador. Lynch, recognized for his remarkable football career, will participate in various marketing campaigns and fan events. His role includes engaging with BetMGM players and appearing in social media content. Matt Prevost, BetMGM's Chief Revenue Officer, emphasized Lynch's impressive impact on football and his celebrity status as key factors in this partnership. BetMGM continues to prioritize responsible gaming education as it expands its services.

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Inspired Entertainment has launched its V-Play Plug & Play™ solution at BetMGM, Borgata, and Party Casino in New Jersey. This offering includes a range of virtual sports such as NFL Alumni football, basketball, and soccer. The partnership aims to enhance player experiences and expand Inspired's market presence. With over 40,000 retail channels and availability in 35 countries, Inspired's virtual sports content is recognized globally. The collaboration promises to attract more players, boosting potential revenue for both companies.

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BetMGM has launched its sports betting app in Washington, D.C., in collaboration with the Washington Nationals, becoming the exclusive mobile sports betting app at Nationals Park. As part of a multi-year partnership, BetMGM will also open a retail sportsbook at the stadium. Users must be within a two-block radius of the park to place mobile bets. The app integrates with MGM Resorts' M life Rewards program, allowing fans to redeem gameplay for experiences at MGM properties across the U.S.

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Entain, a global sports betting operator, anticipates over 3 million fans across Europe to bet on the delayed 2020 UEFA European Championships, reflecting a significant increase from the 2018 World Cup. UK customers favor France as the tournament favorite, with nearly half backing them to win. The company plans to host most betting activities using in-house technology, providing insights into fan behavior. Notably, over 50% of early bets came from the UK, with France and England leading the betting markets.

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BetMGM has signed NHL icon Wayne Gretzky as a brand ambassador in a multi-year deal. This partnership aims to enhance BetMGM's marketing efforts in hockey and across North America. Gretzky, a Hockey Hall of Famer with numerous records, expressed excitement about joining BetMGM as it expands into new markets, including potential growth in Canada. Matt Prevost, Chief Revenue Officer at BetMGM, praised Gretzky's ability to elevate their brand story. BetMGM continues to focus on responsible gaming as its app expands availability.

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On May 28, 2021, BetMGM announced a partnership with NYRA Bets, the official online wagering platform of the New York Racing Association. This collaboration aims to enhance the horse racing experience for BetMGM customers, allowing them to watch and wager on over 200 tracks globally. BetMGM will integrate NYRA Bets' technology into its Horse Racing app and desktop platforms, providing access to live streaming, race replays, and major U.S. events like the Kentucky Derby. This partnership highlights BetMGM's commitment to expanding its offerings in the burgeoning sports betting market.

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BetMGM has announced the launch of Parlay Builder, a new same-game-parlay product tailored for U.S. sports. This innovative feature offers players extensive betting options across major leagues, including more than 400 bet-types. The product is powered by BetBuilder, developed in collaboration with Betgenius and Sportcast, enhancing user experience and engagement for both serious and casual bettors. BetMGM aims to replicate the success of BetBuilder seen in Europe, positioning itself as a leader in the U.S. sports betting market.

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The Tennessee Titans have officially partnered with BetMGM, marking the first sports betting collaboration in Tennessee. This historic partnership will enhance fan engagement through brand visibility across Titans digital platforms, including exclusive naming rights for the team's television studio. The BetMGM mobile app is set to launch in Tennessee on November 1, pending regulatory approval. This collaboration aims to create new experiences for Titans fans and support community initiatives through sponsorships and events.

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BetMGM has announced a new ad campaign featuring Academy Award winner Jamie Foxx as part of its branding strategy. The campaign, titled The King of Sportsbooks, aims to enhance BetMGM's market presence by showcasing the excitement of sports betting through various advertising mediums. The campaign will launch shortly and includes a visually captivating video filmed at the Fountains of Bellagio in Las Vegas. BetMGM, a joint venture between MGM Resorts and GVC Holdings, is positioned to expand its reach in the U.S. sports betting market by leveraging innovative technology and a strong brand partnership with Foxx.

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On September 17, 2020, BetMGM became the Official Sports Betting Partner of the Las Vegas Raiders, expanding its existing partnership with MGM Resorts. The collaboration aims to enhance engagement with Raiders fans and promote the BetMGM app, now available for registration in Nevada through MGM Resorts Sports Books. BetMGM's CEO expressed excitement about the partnership, emphasizing a commitment to responsible gaming. Additionally, the Raiders and MGM Resorts are collaborating on community outreach initiatives in Southern Nevada, with MGM providing substantial branding at Allegiant Stadium, set to generate significant economic benefits.

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FAQ

What is the current stock price of ENTAIN PLC UNSP/ADR (GMVHY)?

The current stock price of ENTAIN PLC UNSP/ADR (GMVHY) is $8.81 as of October 15, 2024.

What is the market cap of ENTAIN PLC UNSP/ADR (GMVHY)?

The market cap of ENTAIN PLC UNSP/ADR (GMVHY) is approximately 6.0B.

What is GMVHY?

GMVHY is the stock symbol for ENTAIN PLC UNSP/ADR, a leading sports betting and iGaming operator.

What does BetMGM offer?

BetMGM, operated by Entain in partnership with MGM Resorts International, provides users with sports betting, major tournament poker, and online gaming experiences.

Where is BetMGM headquartered?

BetMGM is headquartered in New Jersey, showcasing its commitment to the U.S. market.

How does BetMGM promote responsible gaming?

BetMGM offers resources like GameSense to help customers play responsibly and ensure a safe digital betting experience.

What sets BetMGM apart?

BetMGM's exclusive partnership with MGM Resorts International gives it access to a wide range of betting options and market-leading brands to deliver top-notch entertainment to its users.

ENTAIN PLC UNSP/ADR

OTC:GMVHY

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GMVHY Stock Data

5.95B
596.21M
0.01%
Gambling
Consumer Cyclical
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United States of America
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