Entain PLC BetMGM business update (7293Q)
March 01 2021 - 9:00AM
UK Regulatory
TIDMENT
RNS Number : 7293Q
Entain PLC
01 March 2021
ENTAIN AND MGM RESORTS INTERNATIONAL
BetMGM business update
Entain plc (LSE: ENT) and MGM Resorts International (NYSE: MGM),
together with their joint venture in the US BetMGM LLC ("BetMGM"),
will host a business update meeting for analysts and investors on
21 April 2021. The event will provide deeper insights into the
rapidly growing U.S. sports betting and iGaming business of
BetMGM.
The event is expected to take place at 11.00am EDT (4.00pm BST,
8.00am PDT). Further details, including registration, will be
released in due course.
Contacts:
Entain plc
David Lloyd-Seed investors@entaingroup.com
Director of Investor Relations & External Communications
MGM Resorts International
Investor Relations
Catherine Park
Executive Director of Investor Relations cpark@mgmresorts.com
News Media
Brian Ahern
Director of Communications
media@mgmresorts.com
BetMGM
Elisa Richardson press@betmgm.com
About BetMGM
BetMGM is a market leading sports betting and gaming
entertainment company, pioneering the online gaming industry. Born
out of a partnership between MGM Resorts International (NYSE: MGM)
and Entain Plc (LSE: ENT), BetMGM has exclusive access to all of
MGM Resorts' U.S. land-based and online sports betting, major
tournament poker, and online gaming businesses. Utilizing Entain's
U.S.-licensed, state of the art technology, BetMGM offers sports
betting and online gaming via market leading brands including
BetMGM, Borgata Casino, Party Casino and Party Poker. Founded in
2018, BetMGM is headquartered in New Jersey. For more information,
visit http://www.betmgminc.com/ .
About Entain plc
Entain plc (LSE:ENT) is a FTSE100 company and is one of the
world's largest sports-betting and gaming groups, operating both
online and in the retail sector. The Group owns a comprehensive
portfolio of established brands; Sports Brands include bwin, Coral,
Crystalbet, Eurobet, Ladbrokes, Neds and Sportingbet; Gaming Brands
include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker
and PartyCasino. The Group owns proprietary technology across all
of its core product verticals and in addition to its B2C operations
provides services to a number of third-party customers on a B2B
basis. The Group has also entered into a joint-venture with MGM
Resorts to capitalise on the sports-betting and gaming opportunity
in the US. The Group is tax resident in the UK with licenses in
more than 20 countries, across five continents.
For more information see the Group's website:
www.entaingroup.com
About MGM Resorts International
MGM Resorts International (NYSE: MGM) is an S&P 500(R)
global entertainment company with national and international
locations featuring best-in-class hotels and casinos,
state-of-the-art meetings and conference spaces, incredible live
and theatrical entertainment experiences, and an extensive array of
restaurant, nightlife and retail offerings. MGM Resorts creates
immersive, iconic experiences through its suite of Las
Vegas-inspired brands. The MGM Resorts portfolio encompasses 29
unique hotel and destination gaming offerings in the United States
and Macau, including some of the most recognizable resort brands in
the industry such as Bellagio, MGM Grand, ARIA and Park MGM. The
Company's 50/50 venture, BetMGM, LLC, offers U.S. sports betting
and online gaming through market-leading brands, including BetMGM
and partypoker. The Company is currently pursuing targeted
expansion in Asia through the integrated resort opportunity in
Japan. Through its "Focused on What Matters: Embracing Humanity and
Protecting the Planet" initiative , MGM Resorts commits to creating
a more sustainable future, while striving to make a bigger
difference in the lives of its employees, guests, and in the
communities where it operates. The global employees of MGM Resorts
are proud of their company for being recognized as one of
FORTUNE(R) Magazine's World's Most Admired Companies(R). For more
information, please visit us at www.mgmresorts.com . Please also
connect with us @MGMResortsIntl on Twitter as well as Facebook and
Instagram .
LEI: 213800GNI3K45LQR8L28
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