MGM Resorts International (MGM) Q1 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:01.465 -- 00:00:06.551 Good day and welcome to the 2025 VET MGM Q1 2025 Financial 00:00:06.551 -- 00:00:11.096 Update. Joining from the company today are Adam Greenblatt, Chief Executive Officer, 00:00:11.096 -- 00:00:13.379 and Gary Deutsch, Chief Financial Officer. 00:00:13.379 -- 00:00:17.183 At this time, all participants are in a listen-only mode. 00:00:17.183 -- 00:00:21.388 After the speaker's presentation, there will be a 30-minute question and answer session. 00:00:21.388 -- 00:00:26.634 To ask a question during the session, you will need to press star 1 on your telephone. 00:00:26.634 -- 00:00:30.389 You will then hear an automated message advising you that your hand is raised. 00:00:30.389 -- 00:00:32.951 To withdraw your question, press star 1 again. 00:00:32.951 -- 00:00:36.575 Please be advised that today's conference is being recorded. 00:00:36.575 -- 00:00:39.257 I would now like to turn the call over to Adam Greenblatt. 00:00:39.257 -- 00:00:41.519 Please go ahead. 00:00:41.519 -- 00:00:44.122 Good morning, everyone. Thank you for joining us today. 00:00:44.122 -- 00:00:45.683 2025 00:00:45.683 -- 00:00:49.366 is off to a strong start for BetMGM 00:00:49.366 -- 00:00:54.651 as our financial performance followed the course we had charted coming into the year. 00:00:54.651 -- 00:01:00.359 The strategy Gary and I outlined during our 2024 fiscal year results in February 00:01:00.359 -- 00:01:05.166 was the blueprint for achieving profitable and sustainable growth. 00:01:05.166 -- 00:01:09.713 As you'll remember, we started to deploy the strategy in the second half of 2024. 00:01:09.713 -- 00:01:11.496 To 00:01:11.496 -- 00:01:16.663 summarize the key elements, in iGaming, we will continue to invest assertively, 00:01:16.663 -- 00:01:21.671 a...