The BetMGM joint venture between MGM Resorts and Entain grew net revenue by 36 per cent to $1.96 billion in 2023, with the business generating positive EBITDA in the second half of the year.
The business recorded improvements in key metrics across both iGaming and online sports betting during the year, including higher average monthly actives, first time depositors, hold percentages, and net gaming revenue per active player.
The company said in a trading update Thursday that [...]
