Paulson Puerto Rico plans to expand its BetMGM Sportsbook relationship with new retail locations across Puerto Rico, the company said. The source says the existing BetMGM sportsbook at Casino del Mar in San Juan opened in February 2022 and that the expansion aims to extend access beyond the city.
New retail locations could widen access for visitors, who can place bets only in person under Puerto Rico’s rules.
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MGM Resorts International reported consolidated revenue of $4.21bn for the third quarter of 2026, down 1% year on year, according to its financial results published on 28 October. Net loss attributable to shareholders narrowed to $17m from $285m, while adjusted consolidated EBITDA fell to $403m from $506m. MGM China revenue rose 5%, and the company said its digital businesses also recorded revenue growth.
Presidential candidate Flávio Bolsonaro reportedly told Grupo Globo executives that Congress had an agreement to resume online sports betting in Brazil. The report said it remained unclear whether the proposal would also cover online casinos, and provided no terms for the alleged agreement. Grupo Globo said its meeting with Bolsonaro was institutional and that it would also have met Lula at his request.
President Lula said at a campaign event in Ipatinga that Globo was displeased because he ended betting and the broadcaster had a bet. Globo said the meeting between Flávio Bolsonaro and the group's leadership was institutional and that Lula would also have been received. Grupo Globo is a partner of MGM Resorts in Boa Lion, which operates BetMGM in Brazil under a Secretariat of Prizes and Bets licence since February 2025.
President Lula said at a campaign event in Ipatinga, Minas Gerais, on 16 October that Globo was displeased because he had ended betting and the broadcaster "had the bet". The remarks followed a lunch between Flávio Bolsonaro and the group's leadership on the day of the candidate's confirmation hearing. Lula also said the broadcaster was under suspicion regarding his candidacy, according to the report.
BetMGM reported third-quarter net revenue of $710 million, up 7% year on year, and adjusted EBITDA of $86 million, up 112%, according to the company update. It reaffirmed full-year 2026 guidance of $2.9 billion to $3.1 billion in net revenue and $300 million to $350 million in adjusted EBITDA. The update also reported a 3% decline in monthly active customers to 878,000.
The PGCB approved a $50,250 penalty against MGM Resorts International for submitting a required principal licensing application late. The board also agreed a $50,000 settlement with CountR over licensing violations and placed 10 people on involuntary exclusion lists.
MGM Resorts International will pay a $50,250 penalty under a consent agreement the Pennsylvania Gaming Control Board approved, according to the board. The fine stems from a principal licensing application the company submitted after the deadline. The board also settled with CountR GmbH over licensing violations and placed 10 people on its involuntary exclusion lists.