MGM Resorts' (MGM) BetMGM Targets $500M EBITDA in 2026 [Yahoo! Finance]
MGM Resorts International (MGM)
Last mgm resorts international earnings: 4/30 04:15 pm
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Source: Yahoo! Finance
BetMGM proudly announced that it successfully met its 2023 targets, reaching the upper end of the revenue range of $1.8-$2.0 billion and achieving EBITDA profitability in the second half of the year. Key improvements in its digital sports and iGaming products have positioned the sports betting platform to invest competitively in brand development, driving both player acquisition and retention. Looking ahead, BetMGM has set a target to achieve $500 million EBITDA in 2026. In 2024, the company has strategic plans to introduce its brand in Ontario and Pennsylvania, aligning closely with the promotional calendar of a popular show to deliver a distinct iGaming experience and enhance user engagement. Additionally, it successfully launched Dual Play Roulette on BetMGM and Borgata Online Casino in New Jersey, marking the debut of the first Evolution Dual Play game at an MGM property. Dual Play Roulette enables simultaneous participation in the same game for both on-site players at the
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MGM
News
- Las Vegas Strip casinos get sobering visitor news [Yahoo! Finance]Yahoo! Finance
- Vegas feels chill as Canadians cut back on travel [Yahoo! Finance Canada]Yahoo! Finance Canada
- MGM Resorts International (NYSE:MGM) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating.MarketBeat
- MGM RESORTS INTERNATIONAL ANNOUNCES NEW LONG TERM BRANDING AGREEMENT WITH MGM CHINAPR Newswire
- MGM Resorts International (NYSE:MGM) was given a new $38.00 price target on by analysts at Barclays PLC. They now have a "negative" rating on the stock.MarketBeat
MGM
Earnings
- 10/29/25 - Miss
MGM
Sec Filings
- 12/9/25 - Form 4
- 12/9/25 - Form SCHEDULE
- 12/3/25 - Form 4
- MGM's page on the SEC website