Business
BetMGM Business Update
BetMGM Business Update.
About this update from Entain Plc
[{"type":"text","content":"\n\nFor release 14:00 (GMT) 4 December 2023 \n \n \nBETMGM BUSINESS UPDATE\n \nBusiness on Track with Key Enhancements to Drive Sustainable Growth\n \n \nBetMGM LLC (\"BetMGM\"), one of the leading sports betting and iGaming operators across the U.S., jointly owned by Entain plc (LSE: ENT) (\"Entain\") and MGM Resorts International (NYSE: MGM) (\"MGM Resorts\") will host a business update for analysts and investors at 4.00pm GMT (11.00am EST, 8.00am PST) today.\n \nThe 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.\n \nDuring the presentation, BetMGM's Chief Executive Officer Adam Greenblatt and Chief Financial Officer Gary Deutsch will focus on the overall strategy and outlook, including:\n· Delivery of 2023 guidance, reaching the upper end of $1.8-$2.0 billion revenue and achieving EBITDA profitability in the second half\n· 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\n· Clarity on why 2024 is an investment year to drive enterprise value for shareholders; setting a...