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BetMGM assumes key-employee role for MGM’s Nevada sportsbooks

Business

BetMGM will take on executive-level management of MGM Resorts International’s Nevada sportsbooks and racebooks, its attorney said. The arrangement gives BetMGM responsibility for trading, customer service, risk, fraud, marketing and payments, while MGM retains oversight and policy direction. BetMGM said the earlier app-access issue involving unauthorised out-of-state employees had been corrected.

The change assigns sportsbook management functions to BetMGM while leaving oversight and policy direction with MGM.

End-of-day close MGM Resorts (MGM), USD, to 12 February 2025
Story date14 November 202412 February 2025

Latest reported results

MGM Resorts NYSE: MGM

Quarter ended 30 September 2026

Revenue
USD 4.21bn10-Q filing 0000789570-26-000107
Operating income
USD 118.7m10-Q filing 0000789570-26-000107

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