Nevada Gaming Commission approves licensing of BetMGM partner Entain

Nevada Gaming Commission approves licensing of BetMGM partner Entain

Article brief provided by Las Vegas Review-Journal
  • Richard N. Velotta, Las Vegas Review-Journal
February 23, 2023 8:42 PM
  • Richard N. Velotta, Las Vegas Review-Journal
  • Nevada
  • Sports Betting

The Nevada Gaming Commission on Thursday unanimously approved a gaming license for London-based Entain Plc, MGM Resorts International’s 50-50 partner in its BetMGM sports wagering operation.

Entain was once an acquisition target of MGM, but the company this month confirmed that buying Entain is no longer on its radar.

The licensing included suitability and key employee licensure of several executives, including CEO Jette Nygaard-Andersen, who appeared before commissioners and will become a member of BetMGM’s governing board.

Commissioners questioned executives about being fined $20.4 million in August by Great Britain’s Gambling Commission for social responsibility and anti-money-laundering failures. But commissioners were satisfied that the company has modified its compliance procedures, particularly regarding its relationship with BetMGM.