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Entain's U.S. venture with MGM aims $1 bln in net revenue in 2022

April 21 (Reuters) - BetMGM, a U.S. joint venture between MGM Resorts and Entain, said on Wednesday it was targeting net revenue of $1 billion in 2022, adding the JV partners were expected to invest $450 million in the sportsbetting firm this year.

“BetMGM has demonstrated strong momentum, building a leading position in iGaming and is on track to be the number two operator across sports betting and iGaming in the U.S.,” BetMGM Chief Executive Adam Greenblatt said.

Reporting by Muvija M in Bengaluru; Editing by Shinjini Ganguli

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