BetMGM LLC, the sports betting and iGaming joint venture of MGM Resorts International and Entain plc, raised its annual revenue and core earnings forecast for Fiscal Year 2025. This upgrade is driven by continuing strong momentum and increased confidence in its financial performance.
The company's updated guidance reflects robust growth in its iGaming and online sports divisions. This positive outlook follows BetMGM's achievement of positive EBITDA in the first quarter of 2025, signaling a turning point in its profitability trajectory.
BetMGM anticipates providing further details on its second-quarter 2025 performance and guidance during its half-year update on Tuesday, July 29, 2025. This revised forecast underscores the successful execution of its strategic plan and product enhancements.
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