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BetMGM Forecasts 2022 Revenue of $1.3B, Sees US Market Share up to 25%
BetMGM held its Investor Day today, telling analysts it generated about $850 million in revenue last year while forecasting significant top line growth to $1.3 billion in 2022. The 50/50 joint venture...
MGM Credit Outlook Negative Amid Macau Uncertainty, Fitch Pulls Rating
MGM Resorts International (NYSE:MGM) still faces regulatory uncertainty in Macau, and that’s prompting Fitch Ratings to maintain a “negative” rating watch on the casino operator. The research firm also pulled its credit...
IAC Hits Home Run on MGM Investment
Gaming stocks of all stripes are tumbling this year amid persistent inflation and rising interest rates, among other macroeconomic headwinds. While MGM Resorts International (NYSE:MGM) isn’t immune from that slump, Barry Diller’s...
BetMGM Named Sports Betting Partner of MLB Houston Astros
BetMGM is further expanding its MLB team partnerships with the Houston Astros. The arrangement is BetMGM's first relationship in Texas. The MGM Resorts iGaming and sportsbook operator today announced an agreement with...
MGM Cotai in Macau Site of Suspected Double Homicide
MGM Cotai was the sight of a double homicide over the weekend, local police say. In the early morning hours of Saturday, May 7, Macau first responders answered emergency calls from the...
BetMGM Announces Poker Championship, Event to Run Opposite WSOP
BetMGM hopes to give the World Series of Poker (WSOP) a run for its money this summer. The leading iGaming and online sportsbook operator this week announced the debut of its annual...
Ontario Gambling Regulator Fines BetMGM, PointsBet for Ad Violations
Well, that didn’t take long. Just one month after the launch of Ontario’s regulated online casino and sports betting market, two operators have been hit with financial penalties for breaching the province’s...
MGM Wins Cosmo Purchase Regulatory Approval, BetMGM to Be Sportsbook at Venue
The Nevada Gaming Control Board (NGCB) has approved MGM Resorts International’s (NYSE:MGM) acquisition of the operating rights of the Cosmopolitan Las Vegas. That paves the way for that deal to close next...
MGM Lauded By Analysts on Strong Q1 Earnings, Could Revisit Entain Deal
MGM Resorts International (NYSE:MGM) is winning some praise from Wall Street following sturdy first-quarter results. At least one analyst believes it’s possible the gaming company eventually revisits a takeover bid for Entain...
MGM Resorts Offering $607M for LeoVegas
MGM Resorts International (NYSE:MGM) is offering $607 million to acquire LeoVegas AB, a move to increase the casino giant’s already sizable online gaming footprint. The largest operator on the Las Vegas Strip...