{"id":266,"date":"2024-06-27T19:45:54","date_gmt":"2024-06-27T16:45:54","guid":{"rendered":"https:\/\/newcasinonodepositbonuscodes.icu\/2024\/06\/27\/entain-receives-full-nevada-gaming-permit\/"},"modified":"2024-06-27T19:45:54","modified_gmt":"2024-06-27T16:45:54","slug":"entain-receives-full-nevada-gaming-permit","status":"publish","type":"post","link":"https:\/\/newcasinonodepositbonuscodes.icu\/2024\/06\/27\/entain-receives-full-nevada-gaming-permit\/","title":{"rendered":"Entain Receives Full Nevada Gaming Permit"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/08kda2iPRpQ\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>A publicly traded firm headquartered in the UK, Entain, has received a comprehensive operating permit in Nevada. The company operates in the US under the BetMGM name, a collaborative venture with MGM Resorts.<\/p>\n<p>The Nevada Gaming Control Board (NGC) unanimously approved Entain&#8217;s permit on May 1st. The permit was issued on Thursday, May 16th, following a second hearing where Entain&#8217;s top management presented. <\/p>\n<p>This included the company chairman, Barry Gibson, acting CEO Stella David, and legal counsel Simon Singh.<\/p>\n<p>Nevada is viewed as one of the most lucrative states for gaming operators in the US. Gaming income in 2023 reached a record high of $15.52 billion, surpassing the previous year&#8217;s record by 4.6%.<\/p>\n<p>Entain&#8217;s partnership with MGM Resorts under the BetMGM brand previously functioned under a two-year permit, followed by a recent three-year permit that expired this year.<\/p>\n<p>The NGC&#8217;s full permit approval follows Entain&#8217;s temporary permit being granted due to concerns regarding the company&#8217;s operations in unregulated markets. The NGC believes that this situation has been addressed. <\/p>\n<p>Erika Oakberg, a legal representative for Entain, stated, &#8220;The organization is not only striving to rectify past issues but is also taking accountability and endeavoring to learn and progress.&#8221;<\/p>\n<p>Entain was initially granted a two-year permit in 2019. At that time, Entain was known as GVC and was managed by a different leadership team. BetMGM commenced operations in Nevada in March 2020. Entain subsequently received a three-year permit in 2021. The enterprise is now registered with the NGC as a publicly traded company with no restrictions on its activities.<\/p>\n<p>During a gathering in May 2024, Entain discussed its withdrawal from unregulated markets globally. This involved exiting 140 locations where it had previously conducted business.<\/p>\n<p>Gibson remarked, &#8220;This decision incurred significant costs. We experienced a $100 million reduction in earnings following our departure, but the value of ethical conduct cannot be measured solely by financial gains.&#8221;<\/p>\n<p>&#8220;My team wholeheartedly supported this strategy. If we proclaim our commitment to ethical behavior, we must uphold it. This necessitates relinquishing profitable markets, and we have done so.&#8221;<\/p>\n<p>In a presentation to the NGC, Gibson asserted that 95% of the company&#8217;s revenue now originates from jurisdictions where gambling is authorized.<\/p>\n<p>Commissioner Brian Crowley expressed his sentiments at the gathering, stating, &#8220;This exemplifies the ideal approach to managing a company, adhering to regulations, and upholding ethical principles. It is truly commendable. I recognize that they sacrificed substantial financial gains in pursuit of this.&#8221;<\/p>\n<p>Entain conducts operations in Nevada, United States. <\/p>\n<p>A collaborative effort between Entain and MGM Resorts, BetMGM is currently operational in the United States. The partnership commenced in July 2018 and generated nearly $2 billion in earnings last year. BetMGM is presently active in 28 states across the US.<\/p>\n<p>New ventures in 2023 encompassed Ohio, Massachusetts, and Kentucky, all providing online and offline services. The company also introduced online services in Puerto Rico.<\/p>\n<p>The company&#8217;s initial financial report for 2024, released in April, indicated continued expansion. Net gaming revenue rose by 2% in the first quarter, fueled by strong customer acquisition growth driven by successful Super Bowl and March Madness promotions. The company also attributed the growth to enhanced app and product features.<\/p>\n<p>Entain believes that improved player experiences will enable BetMGM to invest in future development. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A publicly traded firm headquartered in the UK, Entain, has received a comprehensive operating permit in Nevada. The company operates in the US under the BetMGM name, a collaborative venture with MGM Resorts. The Nevada Gaming Control Board (NGC) unanimously approved Entain&#8217;s permit on May 1st. The permit was issued on Thursday, May 16th, following [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BetMGM Gets Nevada Gaming License: Entain<\/title>\n<meta name=\"description\" content=\"Entain, the UK-based parent company of BetMGM, secures a Nevada gaming license, paving the way for further expansion in the US market.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newcasinonodepositbonuscodes.icu\/2024\/06\/27\/entain-receives-full-nevada-gaming-permit\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Entain Receives Full Nevada Gaming Permit\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Entain, the UK-based parent company of BetMGM, secures a Nevada gaming license, paving the way for further expansion in the US market.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/newcasinonodepositbonuscodes.icu\/2024\/06\/27\/entain-receives-full-nevada-gaming-permit\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Unleash Your Inner Casino Pro | Licensed Games &amp; Latest News\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T16:45:54+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/newcasinonodepositbonuscodes.icu\/2024\/06\/27\/entain-receives-full-nevada-gaming-permit\/\",\"url\":\"https:\/\/newcasinonodepositbonuscodes.icu\/2024\/06\/27\/entain-receives-full-nevada-gaming-permit\/\",\"name\":\"BetMGM Gets Nevada Gaming License: Entain\",\"isPartOf\":{\"@id\":\"https:\/\/newcasinonodepositbonuscodes.icu\/#website\"},\"datePublished\":\"2024-06-27T16:45:54+00:00\",\"dateModified\":\"2024-06-27T16:45:54+00:00\",\"author\":{\"@id\":\"https:\/\/newcasinonodepositbonuscodes.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Entain, the UK-based parent company of BetMGM, secures a Nevada gaming license, paving the way for further expansion in the US market.\",\"breadcrumb\":{\"@id\":\"https:\/\/newcasinonodepositbonuscodes.icu\/2024\/06\/27\/entain-receives-full-nevada-gaming-permit\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/newcasinonodepositbonuscodes.icu\/2024\/06\/27\/entain-receives-full-nevada-gaming-permit\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/newcasinonodepositbonuscodes.icu\/2024\/06\/27\/entain-receives-full-nevada-gaming-permit\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/newcasinonodepositbonuscodes.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Entain Receives Full Nevada Gaming Permit\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/newcasinonodepositbonuscodes.icu\/#website\",\"url\":\"https:\/\/newcasinonodepositbonuscodes.icu\/\",\"name\":\"Unleash Your Inner Casino Pro | Licensed Games &amp; Latest News\",\"description\":\"Indulge in the thrill of licensed online gambling through our up-to-date news, comprehensive reviews, and expert articles. 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