MGM Resorts International plans further investment in BetMGM’s Brazilian joint venture, according to its chief executive, Bill Hornbuckle. He said the venture’s progress justified continued investment as the group targets more than 10% market share.
Further investment could support BetMGM’s expansion in Brazil as it pursues its stated market-share target.
Quarter ended 30 September 2026
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BetMGM opened its first poolside sportsbook at Tailgate Beach Club, beside Mandalay Bay Resort and Casino in Las Vegas. The venue offers an outdoor betting window and access to the BetMGM app; the dayclub can accommodate up to 2,000 guests. BetMGM said the site joins its 10 other retail sportsbooks at MGM Resorts properties on the Las Vegas Strip.
BetMGM and MGM Resorts said they would contribute $320,000 to responsible gambling initiatives during September’s Responsible Gaming Education Month. The money will support research, state problem gambling councils, the 1-800-GAMBLER helpline and the Evive Foundation. The companies also reported that more than 3,000 employees had qualified as GameSense Advisors.
BetMGM extended its MGM Live offering to Alberta on 20 August, streaming blackjack, roulette and baccarat from MGM Resorts International venues in Las Vegas. The company said the games are hosted at MGM Grand and Bellagio through its collaboration with Playtech.
Entain reported first-half net gaming revenue of £2.55 billion, up 7% for the six months to the end of June, as underlying EBITDA fell 2% to £479.3 million. The company said World Cup engagement helped offset higher UK gambling taxes, and it reiterated full-year guidance for online revenue growth of 5% to 7%.
BetMGM no longer expects to reach its $500m annual EBITDA target next year. The MGM Resorts and Entain joint venture reported mixed results.