BetMGM sees achieving EBITDA profitability in the second half

BetMGM, LLC ("BetMGM"), one of the leading sports betting and iGaming operators across the U.S., jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain") will host a business update for analysts and investors at 11:00 a.m. Eastern Time today.

The virtual presentation will provide the latest views on BetMGM's performance to date, product enhancements and technology updates, sources of competitive differentiation and financial outlook. Following the presentations, there will be a live Q&A session.

During the presentation, BetMGM's Chief Executive Officer Adam Greenblatt and Chief Financial Officer Gary Deutsch will focus on the overall strategy and outlook, including:

• Delivery of 2023 guidance, reaching the upper end of $1.8-$2.0 billion revenue and achieving EBITDA profitability in the second half
• Key enhancements in both digital sports and market-leading iGaming product presenting the opportunity to invest competitively behind the brand, driving accelerated player acquisition and aiding player retention
• Clarity on why 2024 is an investment year to drive enterprise value for shareholders; setting a target of approximately $500m EBITDA in 2026

The event, including registration, can be accessed through the following link: https://app.webinar.net/JPrvyDGj8ge
An on-demand replay also will be available after the event.

You May Also Be Interested In

• Cavitation Technologies agrees to $35M tender offer from Luxembourg firm
• Terreno Realty buys Brooklyn industrial property for $26.3M
• Bitmine reports 5.82 million ETH holdings, $11.4B total assets