BETMGM BUSINESS UPDATE: FY22 NET REVENUE FROM OPERATIONS OF $1.44 BILLION, AHEAD OF EXPECTATIONS¹
JERSEY CITY, N.J., Jan. 26, 2023 /PRNewswire/ -- BetMGM, one of the leading sports betting and iGaming operators in North America, jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain"), is today providing an update on performance and outlook for 2023.
- The call will be accessible via webcast or dial in – registration details below:
The live webcast will be accessible at: Webcast Registration . - Adam Greenblatt, Chief Executive Officer of BetMGM, commented: "The talented team at BetMGM continues to execute our plan with purpose, passion, and discipline.
- FY 2022 net revenue for BetMGM on a GAAP basis is expected to be approximately $1,403 million, which includes approximately $55 million related to Nevada MGM operations for which BetMGM records on a net basis as BetMGM is considered to be the agent in the Nevada transactions for GAAP purposes.
- BetMGM operates iGaming and Online Sports Betting in five markets and Sports Betting only in twenty markets.