MGM Resorts International

MGM Resorts says its all-inclusive offers at Luxor and Excalibur have attracted a new, presumably younger customer base, with half of package bookers being first-time visitors to MGM properties. CEO Bill Hornbuckle called the result promising and said the deals helped shift the value narrative amid affordability concerns. MGM reported Las Vegas revenue of $2.17 billion in the quarter, up 2.6% year-over-year, and a company-wide record quarterly revenue of $4.5 billion, while lower-end properties remain challenged. » Mere på finance.yahoo.com

BetMGM posted Q2 revenue of $711 million, up 3% year‑over‑year, with iGaming revenue rising 8% to $483 million while online sports betting was flat; adjusted EBITDA was $74 million for the quarter and $99 million for the first half. Management maintained full‑year guidance of $2.9bn–$3.1bn revenue and $300m–$350m adjusted EBITDA but now expects results near the lower end due to heightened competition, prediction markets and consumer‑spending pressure. The company is shifting marketing toward multi‑product states, cutting spend in lower‑return sports‑only markets and pursuing cost savings, and expects strong second‑half profit flow‑through with a path to over $500 million adjusted EBITDA likely after 2027. » Mere på finance.yahoo.com

BetMGM will publish its second-quarter 2026 results (1 April–30 June) on 28 July. Management will host an audio webcast the same day at 14:00 British time (9:00 a.m. ET) followed by a Q&A. BetMGM is a 50/50 joint venture between Entain and MGM Resorts; Entain provides the technology platform and MGM provides access to the US sports-betting and online-gambling business. Entain and MGM will publish their own group results at later dates. » Mere på de.investing.com