Entain Buys Angstrom Sports, Boosting BetMGM's US Sports Betting Offering
Portfolio Pulse from Lekha Gupta
Entain PLC plans to acquire Angstrom Sports for a total consideration of £81 million plus contingent payments totaling a maximum of £122 million, payable over three years. The acquisition is expected to boost Entain's position in the U.S. sports betting market by enhancing its analytics, risk, and pricing capabilities. The deal is expected to close in Q3 2023. BetMGM, a joint venture owned by Entain and MGM Resorts International, will benefit from the acquisition.
July 17, 2023 | 12:00 pm
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POSITIVE IMPACT
Entain's acquisition of Angstrom Sports is expected to enhance its position in the U.S. sports betting market. This could potentially lead to increased revenues and profitability for the company.
The acquisition of Angstrom Sports, a company that offers sports modeling, forecasting, and data analytics, will enhance Entain's capabilities in the U.S. sports betting market. This could potentially lead to increased market share, revenues, and profitability for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Entain's acquisition of Angstrom Sports is expected to enhance its position in the U.S. sports betting market. This could potentially lead to increased revenues and profitability for the company.
The acquisition of Angstrom Sports, a company that offers sports modeling, forecasting, and data analytics, will enhance Entain's capabilities in the U.S. sports betting market. This could potentially lead to increased market share, revenues, and profitability for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
As a co-owner of BetMGM, MGM Resorts International stands to benefit from Entain's acquisition of Angstrom Sports, which is expected to enhance BetMGM's sports betting offerings.
MGM Resorts International co-owns BetMGM with Entain. The acquisition of Angstrom Sports by Entain is expected to enhance BetMGM's sports betting offerings, which could potentially lead to increased revenues and profitability for MGM Resorts.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80