MGM Resorts International reported consolidated revenue of $4.4bn for the second quarter of 2025. MGM China revenue rose 10% to $977m, while Las Vegas Strip revenue fell 4% to $2.1bn; digital revenue excluding BetMGM increased 14% to $164m. Net income attributable to shareholders was $49m, compared with $187m a year earlier.
China and digital revenue grew while Las Vegas Strip revenue and net income fell, showing uneven performance.
Quarter ended 30 September 2026
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LeoVegas launched its proprietary Tiger sportsbook with BetMGM Brazil ahead of the new Campeonato Brasileiro Série A season. LeoVegas said this was the second rollout of the technology, following its launch in Denmark with expekt last year.
BetMGM Brasil announced the launch of its proprietary sports betting platform in Brazil, built on LeoVegas Group technology. The company said the platform combines betting features and monitoring tools, and that it gives BetMGM greater control over its operations.
An analyst at Rothschild & Co Redburn said anticipated UK gambling tax increases could encourage consolidation and make Entain a potential acquisition target for MGM Resorts. The analyst’s base case assumes gaming tax rates of 25% to 30%; the report says the scenario could reduce Entain’s pre-mitigation EBITDA by 12% to 22%, while no new MGM bid has been announced.
LeoVegas says it is integrating the Tipico US betting platform through a planned phased rollout, after claims that the process had been delayed. Chief Technology and Product Officer Adrian Vella said the approach allows the company to test and adjust as integration proceeds; LeoVegas launched its in-house sportsbook in Denmark in mid-July.
Kambi announced a two-year extension of its Turnkey Sportsbook agreement with LeoVegas Group, which is gradually moving towards its own sportsbook platform. The deal also gives LeoVegas access to Kambi’s Odds Feed+ service, and the agreement is due to continue beyond 2026.