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BETMGM FIRST HALF 2024 UPDATE

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BetMGM, LLC  one of the leading sports betting and iGaming operators across the U.S., jointly owned by MGM Resorts International  and Entain plc, is providing an update on First Half 2024 (“1H 2024”) performance.

Adam Greenblatt, Chief Executive Officer of BetMGM, commented:
“The first half of this year has been very important in laying the groundwork for BetMGM’s future. 2024 is a year of investment, focusing on improving our customer experience and stepping up our level of investment in players. We are encouraged to see this strategy delivering accelerating momentum. We have exceeded our goals for both acquisition and retention, which should lead to higher year-over-year revenue growth for the second half of this year into 2025.

Our online sportsbook players have been enjoying Angstrom-enabled product capabilities since the start of the baseball season, and we look forward to players enjoying this across our wider sports offering leading into the NFL season. We are also very excited to bring our unique omnichannel opportunities to players by fully leveraging MGM Resorts’ presence in Las Vegas. Single Account Single Wallet will be an important driver of the customer experience, with Nevada marking its completion ahead of the NFL season. Our iGaming business continues to perform strongly with attractive returns, and to maximize this strength and momentum, we plan to deploy additional marketing in the back half of this year. Our execution roadmap, building momentum and prospects ahead all support our confidence in BetMGM’s strong future.”

1H 2024 Update

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  • 1H 2024 financial performance demonstrating accelerating momentum through the year
    • Net revenue from operations of $1.0 billion, up 6% versus prior year1,2
      • 2Q net revenue growth of 9% YoY, up from 3% in 1Q
      • 2Q online sports betting NGR per active up 16% YoY
      • 2Q iGaming average monthly actives growth of 18% YoY, up from 9% in 1Q, with no new state launches
    • EBITDA consistent with expectations of 2024 being an investment year, supporting customer acquisition and enhanced player experience initiatives
      • Encouraging online sportsbook CPAs of FTDs driven by successful Super Bowl campaign
      • 1H EBITDA of –$123 million2
  • Established as a leading operator in North America, live in 29 markets with access to 52% of adult population3
    • Continued geographic footprint expansion, with BetMGM launch of digital sports betting in North Carolina in March and district-wide in the District of Columbia in July
    • 13% GGR market share in the U.S. and Ontario across Sports Betting and iGaming4
    • Demonstrates stabilization and continued strength in iGaming with approximately 22% market share5
  • Continued focus on operational execution, delivering improved app, product capabilities, and market-leading partnerships across both digital sports and iGaming
    • Enhanced Sports Product and Technology
      • Further integration of Angstrom capabilities with new markets and features for MLB and back end of NBA seasons, provided by fully in-house single game parlay (“SGP”) and SGP+ products
      • Improved player experiences with enhanced betting and SGP+ journeys, landing pages and new features including live bet tracking
        • Actives who placed an MLB SGP bet this season up 40% YoY6
        • Volume of weekly MLB SGP bets doubled versus last year6
    • Leadership in iGaming
      • Market-leading jackpots – New Jersey jackpot of over $5 million expected to be the largest regulated U.S. online jackpot ever paid
      • Launched exclusive games and innovative reward mechanics with top suppliers, including GameCode and White Hat Gaming
      • Launched BetMGM Arcade, the home for ‘non-traditional’ content including LuckyTap and Crash-style games
    • Best-in-Class Marketing Partnerships
      • Integration of partnerships with X, Marriott Bonvoy, and Associated Press
      • Successful Super Bowl campaign with citywide takeover of Las Vegas and iconic commercial featuring Tom BradyWayne Gretzky and Vince Vaughn
      • Exclusive ambassadorship with Brian Christopher Slots for all online regulated markets
  • Ongoing commitment to player safety, prioritizing responsible gambling across our business
    • Founding member of the newly established Responsible Online Gaming Association (“ROGA”), which brings together the largest U.S. online sports betting and gaming operators to develop and advance responsible gaming practices
    • Expanded the Kindbridge Health program to eight additional jurisdictions, offering self-excluded individuals referrals for problem gambling treatment
    • Research and funding support via sponsorship for the International Center for Responsible Gaming
  • Award recognition, including
    • EGR North America’s awards for both Employer and Sports Betting Operator of the Year
    • Top 20 for Best Workplaces in New YorkTM by Fortune
    • Hashtag Sports awards for both Best Sports Betting Partnership (X/Twitter) and Best Communications Strategy

Outlook

  • As announced on December 4, 2023, BetMGM’s strategic roadmap assigned 2024 as an investment year, supporting enhanced player experiences and improved sportsbook product to drive long-term value for stakeholders
  • Coupled with an improving sportsbook offering, and building on BetMGM’s iGaming strength which already delivers over $400 million contribution annually, expectation of greater than planned marketing investment in iGaming in 2H this year7
  • Additional investment expected to be funded by bank debt
  • Consistent with expectation of 2024 as an investment year, expect 2H EBITDA to be similar to 1H
  • Pipeline of exciting opportunities ahead including key milestones:
    • On track for Angstrom capabilities to be fully integrated across MLB, NBA and NFL offerings ahead of 2024 NFL season
    • Single Account Single Wallet (SASW) rollout expected to be completed with Nevada in place prior to the 2024 NFL season
      • Enabling BetMGM customers in MGM Resorts properties, representing 13 million room nights annually, to sign up at one of BetMGM’s eight retail sportsbooks and return to their home state with the same wallet
      • Completing the integration of player wallets across all BetMGM markets and empowering the final Las Vegas unlock for BetMGM
  • Investment in our execution roadmap, accelerating momentum and opportunities ahead all support our confidence in BetMGM’s pathway to $500 million EBITDA in the coming years

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Playzia Continues to Make Strides in the German Market Through Strategic Alliance with ZEAL

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Playzia has taken a significant step forward in its European growth journey by partnering with ZEAL, Germany’s market leader for online lotteries and a key player in both B2C and B2B gaming segments. As a recently inducted member of the German Online Casino Association (DOCV), ZEAL offers a robust and compliant platform that aligns perfectly with Playzia’s ambitions in the regulated German market.

This collaboration enables Playzia to deliver its cutting-edge game portfolio of more than 50 games directly to ZEAL’s expansive customer base, reinforcing its presence in one of Europe’s most tightly regulated and competitive iGaming landscapes. The Playzia portfolio will be integrated into the game portfolio of the ZEAL B2C brands LOTTO24 and Tipp24. With ZEAL’s reputation for excellence and a trusted platform backed by years of operational experience, Playzia’s top-performing titles, and new releases, such as Grand Ocean Megaways™, Billionaire Buffalo, Piggy Clusters and Zeus’s Thunderstrike, are now poised to captivate a wider audience of German players.

“Germany continues to be a critical focus for our European strategy,” said Joe Caetano, Head of Commercials at Playzia. “Our partnership with ZEAL allows us to deliver innovative, top-tier games that resonate with German players who expect both reliability and immersive experiences from their online entertainment. This is an important milestone in our journey to expand our footprint across Europe with trusted local partners.”

Alex Green, Vice President Games at ZEAL added: “We are truly excited to partner with Playzia and bring their outstanding titles into our Games portfolio. At ZEAL, we are committed to offering our customers great entertainment, and we’re proud to provide access to such high-quality games that will further enrich their experience with us. Looking ahead, this partnership will not only strengthen our portfolio but also play a key role in driving the continued growth of our Games business.“

With a keen focus on compliance, innovation, and localized content, Playzia is positioned to become a driving force in global regulated markets. From an extensive portfolio of slot titles to crash and instant games, as well as feature-packed Megaways™ and branded experiences, Playzia is consistently reshaping how players connect with content. To further enhance engagement, the fast-growing supplier is preparing to launch titles that incorporate exciting jackpots, unique mechanics and modular gamification layers, all aimed at elevating player experiences in regulated markets worldwide.

The post Playzia Continues to Make Strides in the German Market Through Strategic Alliance with ZEAL appeared first on European Gaming Industry News.

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Announcement: 25th September 2025

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End of Orange Digital Seal Usage – Effective October 15, 2025

The Curacao Gaming Authority (CGA) would like to inform all licensed operators and interested parties that the transition arrangement relating to the Certificate of Operation (the “Orange Seal”) will end on October 15, 2025.

From this date onward, any operator displaying an orange seal on its domains will be in breach of Curacao law. Licensed operators must ensure that only the Green Seal is displayed on their websites.

To ensure compliance, operators should note the following:

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  • All former sublicensees have now had their license applications Granted, Approved, or Rejected.
  • If an application has been Approved, the operator is reminded that the initial invoice must be paid in order for the license status to be formally Granted and the Green Seal issued.
  • Operators currently displaying Orange Seals on certain domains should update the domain status in the CGA portal from “under sub-license” to “under application.” This will provide access to the Green Seal token for the relevant domains.

Please complete these updates well before 15th October 2026 to avoid any disruptions.

The post Announcement: 25th September 2025 appeared first on European Gaming Industry News.

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Leading The Charge! Euronics Group Joins LEC As Official Electronics Retail Partner

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We are delighted to announce that the LEC is partnering with Euronics Group for an initial three years! Europe’s largest consumer electronics retail group has committed to supporting the LEC as the league’s Official Electronics Retail Partner and Supplier.

This exciting collaboration will begin at the appropriately electric, LEC Summer Finals 2025 in Madrid, as Euronics’ expertise and scale will help us deliver even more world-class esports experiences across the region. For the occasion, come and unleash your inner Yordle at Euronics booth at the LEC XPO on Plaza de España: pump up Ziggs’ bombs, race to trigger the explosion first, and pick up your prize. Don’t forget to personalise your XPO passport at Euronics’ polaroid photo station!

Euronics Group is a network of national electronics retailers across the EMEA region with over 7000 stores across more than 36 countries in the region. They sport an impressive roster of around 25 regional entities, including Boulanger in France, Sharaf DG in the UAE, Teknosa in Türkiye and Euronics in Germany and Italy.

Euronics Group presence across EMEA

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On top of their local know-how and customer-first service mindset delivered through localised retailers both in stores and online, Euronics Group will reach out to LEC fans through a gamified hub filled with LEC content and chances to win exclusive products. This will be launching soon, so keep your eyes peeled!

With a strong track record in sponsoring traditional sports, moving back into esports with the LEC is a natural evolution of that journey for Euronics Group. Their support for UEFA Women’s Football through grassroots programs and fan activations reflects their longstanding commitment to empowering communities through competition.

Euronics Group’s activations and community-anchored retailers mirror the  “coming-together” spirit which drives the LEC. It’s a natural fit, as we will work closely together to bring fan-first activations to EMEA and we can’t wait for our new partner’s passion for inclusive, accessible experiences to extend into our digital arena.

Euronics Group’s emphasis on serving consumer needs on both a local and large-scale basis also elegantly aligns with Riot’s dedication to players first. We’re looking forward to working together on finding ways we can further enhance the LEC fan experience.

“As Euronics International, we are delighted to embark on this exciting partnership with the League of Legends EMEA Championships. This collaboration reflects our commitment to innovation and connecting with new generations of passionate gamers and fans across Europe and beyond”, says Euronics International CEO John Olsen.

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We believe that joining forces with such an iconic esports event will not only strengthen our engagement with the gaming community, but also inspire and empower our customers to pursue their love for gaming. Together, we aim to create memorable experiences and elevate gameplay by bringing the latest advancements in gaming technology to fans everywhere.”

Charlie Allen, Director of Commercial Partnerships & Business Development at Riot Games EMEA adds: “Euronics’ journey across both esports and traditional sports highlights their commitment to connecting with new generations of fans. Their commitment to local communities, placing customers at the heart of everything, mirrors our own priorities of serving players and building for the long term. Together, we want to create and bring activations that don’t just light up our Summer Finals weekends, but also bring lasting impact to communities across the region for the season.”

Once again, we are beyond excited for what these three years with Euronics Group will hold. We’re delighted we can help evolve their inclusive sports sponsorship and grassroots activations to the ever-growing, digital world of esports. And equally, we’re keen to utilise their specialised, local expertise through their various independent stores to better serve every LEC fan directly in ways unique and personalised to each market.

The post Leading The Charge! Euronics Group Joins LEC As Official Electronics Retail Partner appeared first on European Gaming Industry News.

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