Entain's Stake in BetMGM
2024
$1.5B
Why
MGM Resorts acquired Entain's 50% joint venture stake in BetMGM to gain 100% control of the digital technology stack and international expansion rights, eliminating complex revenue-sharing disputes.
Impact
The acquisition granted the company complete control over the BetMGM platform, allowing it to capture the entire margin of the digital wagering value chain and aggressively pursue international market expansion.
Outcome
The buyout was a transformative strategic move, positioning BetMGM as a standalone, high-growth digital technology platform and fundamentally altering the company's long-term growth trajectory.