Entain plc $ENT.L, the UK-based gambling giant and owner of Ladbrokes, announced a significant upward revision of its annual revenue and earnings forecast for its U.S. joint venture BetMGM. The partnership with MGM Resorts International $MGM has been capitalizing on rapid growth within the booming U.S. online sports betting and iGaming sectors, fueled by widespread legalization and increasing consumer adoption. The latest projections for fiscal year 2025 signal robust momentum in BetMGM’s digital gambling operations denominated in USD, reflecting broader market trends and strategic positioning.
On Friday, Mexico’s Federal Economic Competition Commission (Cofece) officially closed its multi-year antitrust investigation into Google LLC $GOOGL, finding no evidence that the tech giant engaged in monopolistic practices within the country’s digital advertising market. The probe, initiated in 2020, centered on Google's dominance in digital advertising services delivered via its search engine and third-party websites.
Starbucks Corporation $SBUX announced on Wednesday the promotion of Mike Graham, the company’s North America coffee operations director, to Chief Operating Officer (COO). This appointment is part of a broader series of strategic moves initiated by CEO Brian Niccol, who took the helm in 2023 with a vision to streamline Starbucks’ operations and renew its original coffeehouse ethos.
Reddit $RDDT, the widely used social media platform known for its diverse online communities, experienced a significant outage on Tuesday, temporarily disrupting access for nearly 31,000 users. According to Downdetector.com, a leading website that aggregates real-time reports of service interruptions, the outage peaked with 30,817 users affected, before the issue was resolved later that day.
Vanguard Group, one of the world's largest asset managers, is preparing to introduce a new exchange-traded fund (ETF) that offers exposure to emerging markets while excluding China. The product, set to debut later this summer, reflects growing demand among institutional and retail investors for geopolitically de-risked portfolios, as U.S.–China tensions persist.
