BetMGM reported a 3% year-over-year increase in Q2 2026 net revenue to $711 million, driven by an 8% rise in iGaming revenue to $483 million while online sports betting revenue remained flat at $228 million. Adjusted EBITDA declined 15% to $74 million, reflecting ongoing profitable growth amid a competitive and regulatory complex environment. The company maintains full-year 2026 guidance at the lower end of its range, focusing on its iGaming strength, omnichannel presence in Nevada, and premium customer base. BetMGM expects long-term sustainable growth and is confident in reaching $500 million Adjusted EBITDA in the coming years, though timing may extend beyond 2027 due to market conditions.
Vail Resorts has appointed Bill Hornbuckle, CEO and President of MGM Resorts International, to its board of directors. Hornbuckle brings over 35 years of hospitality and resort management experience, which aligns with Vail Resorts' goal to enhance it...
MGM Resorts International reported record consolidated revenue of $4.5 billion for Q2 2026, driven by a 3% increase in Las Vegas Strip Resorts revenue and a 20% surge in MGM Digital revenue. Net income rose sharply to $292 million from $49 million a ...
Law firm Bleichmar Fonti & Auld is investigating Barry Diller's $48.30 per share offer to acquire MGM Resorts International due to potential conflicts of interest. Diller, a board member and largest shareholder through People, Inc., may have breached...
