Insight
2021: STRUCTURAL CHANGE Third Bridge
sportsbooks and this would have been highly attractive to MGM as it looks to grow its sports betting offer in the US. MGM would also be keen to cross-sell its existing land-based customers into sports betting. MGM had until February to make a formal bid under UK takeover rules, after it was reported that the casino operator had made a proposal to buy Entain, with which it already operates a US joint-venture called BetMGM.
MGM Resorts said it had decided not to step up its interest “after careful consideration and having reflected on the limited recent engagement between the respective companies.” Takeover regulations mean MGM must now wait six months before it can return to the table with an improved offer. However, it seems Entain has its own plans: with the Chairman announcing a number of significant deals in the pipeline, following the recent acquisition of Enlabs, an operator in the Baltics.
We've also seen Flutter Entertainment invest some $4.2bn in FanDuel, only to see its shares rise over 50 per cent in 2020.
INTENSE PRESSURE ON THE UK MARKET As online sports betting has taken off due to the
pandemic, the UK government has been clear that it will regulate the sector where necessary.
Post-FOBT regulation, the UK online market was treated as an opportunity to offset declines in the retail landscape. Te fear amongst companies like Entain, William Hill, Flutter and Bet365 is that stake limits, increased affordability checks and potential limits of winnings, losses and deposits will decimate the revenue potential of this channel.
Experts indicate that tax rises could be the first point of call as the UK Goverment seeks to pay-down its Covid- deficit. Whilst this would be a blow to the UK operators, a £2 stake limit online would have a much more significant impact. Operators have tried to argue that significant limits online would push customers into the black market. Te government believes these concerns are over-exaggerated. With the Gambling Commission's role also being scrutinised, 2021 and 2022 are set to be a rocky few years for the UK online landscape.
Post-FOBT regulation, the UK online market was
treated as an opportunity to offset declines in the
retail landscape. The fear amongst companies like
Entain, William Hill, Flutter and Bet365 is that stake limits, increased
affordability checks and potential limits of winnings, losses and deposits will decimate the revenue potential of this channel.
NEWSWIRE / INTERACTIVE / MARKET DATA P37
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94
