MGM Resorts reported record consolidated net revenue of $4.18bn for Q3 2024, up 5% year on year, the company said. MGM China revenue rose 14% to a record $929m, which MGM attributed to the recovery in Macau operations after COVID-19-related entry restrictions were removed.
MGM China’s record revenue and reported recovery in Macau show the contribution of that market to MGM’s growth.
Quarter ended 30 September 2026
The day’s most important stories, free. One email a day.
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.
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.
BetMGM reported revenue of $696m for Q1 2026, up 6% year on year, and said it accrued its first parent fees to MGM Resorts and Entain. The operator recorded $3m in fees, while adjusted EBITDA rose to $25m from $22m a year earlier. BetMGM lowered its 2026 revenue forecast to $2.9bn-$3.1bn and retained its adjusted EBITDA target of $300m-$350m, with expectations at the lower end.
Entain reported full-year 2025 net gaming revenue of £5.33bn, up around 3% year on year, with BetMGM contributing to the increase. The company recorded a £681m loss, including a £488m impairment it attributed to UK gambling tax increases announced in November; chief executive Stella David said Entain expects 5–7% growth this year excluding the US.