By SectorWire desk ·
The report said that BetMGM generated $711m in second-quarter net revenue, up 3%. Casino revenue increased 8% to $483m, while sports betting revenue remained flat; the company retained its outlook but expects results near the lower ends of its ranges.
Online casino growth offset flat sports betting revenue while BetMGM kept its outlook.
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The extension keeps McDavid involved in BetMGM’s responsible gambling activity as its campaigns reach new US markets.
BetMGM's iGaming revenue exceeded its online sports betting revenue, giving investors a comparison of the operator's two businesses.
The inquiry could inform MGC policy on safeguards for AI use in sportsbook marketing and responsible gaming.
A potential sale could affect operators considering commercial relationships with sports wagering media companies.
BetMGM’s revenue and adjusted EBITDA increased as the operator maintained expectations for the lower end of annual guidance.
Greenblatt expects prediction markets’ addressable market to contract before the Supreme Court hearing, while reporting BetMGM handle growth.