mgm sports betting online gaming platform

The firm is also launching the BetMGM brand in the United Kingdom, furthering its international digital strategy, according to the presentation. and Canadian jurisdictions have access to BetMGM iGaming and/or sports betting products, according to the presentation.īetMGM offers sports betting and online gaming in North America through BetMGM and partypoker. These counts do not include Carnival Cruises, where BetMGM also operates.Ībout 50% of the adult population in U.S. It also has a growing presence, as it is currently active in 28 jurisdictions and has secured or anticipates securing market access in a total of 34 jurisdictions, per the presentation. sports betting and iGaming combined, MGM Resorts said in the presentation. “Our 50% share of BetMGM’s operating income in the third quarter was $13 million, marking our first quarter of profitability at BetMGM.”īetMGM is now a top-three competitor in both U.S. “BetMGM is well on pace to achieve its forecast of $1.8 billion to $2.2 billion in net revenues from operations for the year,” MGM Resorts Chief Financial Officer Jonathan Halkyard said during the earnings call. 8) in conjunction with the company’s quarterly earnings call.īy comparison, in the same quarter a year ago, the company’s share of BetMGM’s operating loss amounted to a loss of $23.5 million, per the presentation. The company’s 50% share of operating income in the third quarter was $13 million, and executives expect that business to continue to grow, according to a presentation released Wednesday (Nov. MGM Resorts International achieved its first quarter of profitability on its investment in the online gaming joint venture, BetMGM.

Mgm sports betting online gaming platform