BetMGM expects to become profitable in second half of 2023

Expects to turn profitable in H2 2023 * 2022 revenue came in at $1.44 billion * Entain, MGM to invest $150 mln in BetMGM this year (Adds background, CEO and analyst comments) By Radhika Anilkumar Jan 26 (Reuters) - U.S.sports-betting platform BetMGM expects to turn profitable in the second half of 2023 after the MGM Resorts and Entain joint venture's annual revenue beat its own forecasts, aided by strong gaming margins. BetMGM expects the first...

Links between jailed billionaire and clubs' betting partners

The are facing calls from MPs to investigate links between a recently jailed Chinese billionaire with ties to criminal triad gangs, and a British tech company working with many clubs' Asian betting partners.Alvin Chau, 48, was sentenced to 18 years in prison last Wednesday in Macau, , after being found guilty of more than 100 charges relating to organised and illegal gambling activity exceeding £85.7billion.An investigation by this newspaper...

Racing fears jockey bans at Cheltenham

The next five weeks should be the most exciting of the British jumps season as racing builds to the most important four days of the season at the .But there are fears the sport will be hit by a spate of badly timed headlines as the BHA roll out a new set of rules on how the whip — the most contentious issue in racing — is used.The changes, which come into force on Monday (and next month on the Flat), include the potential for a horse to be...

© 2021. ALL RIGHTS RESERVED