BetMGM reported a 6% year-over-year increase in Q1 2026 net revenue to $696 million, driven by a 9% rise in iGaming revenue and a 4% increase in online sports betting revenue. Adjusted EBITDA grew 11% to $25 million, reflecting profitable growth amid a competitive market and player-friendly sports outcomes. The company updated its 2026 guidance, expecting full-year net revenue between $2.9 billion and $3.1 billion and adjusted EBITDA between $300 million and $350 million, leaning towards the lower end. BetMGM plans to focus on iGaming, multi-product states, and premium sports players, aiming for $500 million adjusted EBITDA in 2027.
BetMGM, a leading North American sports betting and iGaming operator jointly owned by MGM Resorts and Entain, will publish its business update for the second quarter of 2026 on July 28. The company will host a live audio webcast and Q&A session for i...
Bleichmar Fonti & Auld LLP is investigating Barry Diller's $48.30 per share offer to acquire the remaining shares of MGM Resorts International due to potential breaches of fiduciary duty. Diller, a board member and largest shareholder through People,...
