{"id":54791,"date":"2023-07-27T07:26:25","date_gmt":"2023-07-27T07:26:25","guid":{"rendered":"https:\/\/gaming-awards.com\/NEWS\/?p=54791"},"modified":"2023-07-27T07:26:25","modified_gmt":"2023-07-27T07:26:25","slug":"betmgm-closes-in-on-profitability","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/betmgm-closes-in-on-profitability\/","title":{"rendered":"BetMGM Closes In on Profitability"},"content":{"rendered":"

\"\"BetMGM<\/a>, the sports betting brand in partnership with MGM Resorts and Entain<\/a> have released the latest set of half yearly results showing the brand is closing in on becoming a profitable entity.<\/p>\n

Revenues for H1 of 2023 showed $944 million representing a 25% increase for the same period last year and which is in line for the full year of $1.8 billion to $2 billion.<\/p>\n

\u00a0Adam Greenblatt, Chief Executive Officer of BetMGM, said on the latest figures:”I am pleased with the significant progress we have made during the first half of 2023 as we continue our strong growth and remain on our path to profitability. Our financial guidance for the year remains on track – we expect to deliver $1.8 to $2.0 billion in full year revenue, as well as to be EBITDA positive in the second half of 2023. In fact, we have already achieved positive EBITDA for the full second quarter of this year. Our focus remains on building a sustainable, scalable and returns focused business with leading products that our players enjoy responsibly. We look forward to the remainder of the year, buoyed by ongoing product improvements, tremendous support from our shareholders providing access to new assets and partnerships, and – above all – our extraordinary team at BetMGM.”<\/p>\n","protected":false},"excerpt":{"rendered":"

BetMGM, the sports betting brand in partnership with MGM Resorts and Entain have released the latest set of half yearly results showing the brand is closing in on becoming a profitable entity. Revenues for H1 of 2023 showed $944 million representing a 25% increase for the same period last year and which is in line […]<\/p>\n","protected":false},"author":5,"featured_media":48287,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,11,8,18],"tags":[],"class_list":["post-54791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gaming","category-headlines","category-latest","category-n-america"],"yoast_head":"\nBetMGM Closes In on Profitability - iGaming Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gaming-awards.com\/NEWS\/betmgm-closes-in-on-profitability\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BetMGM Closes In on Profitability - iGaming Post\" \/>\n<meta property=\"og:description\" content=\"BetMGM, the sports betting brand in partnership with MGM Resorts and Entain have released the latest set of half yearly results showing the brand is closing in on becoming a profitable entity. Revenues for H1 of 2023 showed $944 million representing a 25% increase for the same period last year and which is in line […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gaming-awards.com\/NEWS\/betmgm-closes-in-on-profitability\/\" \/>\n<meta property=\"og:site_name\" content=\"iGaming Post\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-27T07:26:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2022\/01\/BetMGM.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"853\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Debbie\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@igamingpost\" \/>\n<meta name=\"twitter:site\" content=\"@igamingpost\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Debbie\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/betmgm-closes-in-on-profitability\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/betmgm-closes-in-on-profitability\\\/\"},\"author\":{\"name\":\"Debbie\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#\\\/schema\\\/person\\\/ec908169f7d4e72f9d6188460253f623\"},\"headline\":\"BetMGM Closes In on Profitability\",\"datePublished\":\"2023-07-27T07:26:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/betmgm-closes-in-on-profitability\\\/\"},\"wordCount\":209,\"publisher\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/betmgm-closes-in-on-profitability\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/wp-content\\\/uploads\\\/2022\\\/01\\\/BetMGM.jpg\",\"articleSection\":[\"Gaming\",\"Headlines\",\"Latest\",\"N. America\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/betmgm-closes-in-on-profitability\\\/\",\"url\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/betmgm-closes-in-on-profitability\\\/\",\"name\":\"BetMGM Closes In on Profitability - iGaming Post\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/betmgm-closes-in-on-profitability\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/betmgm-closes-in-on-profitability\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/wp-content\\\/uploads\\\/2022\\\/01\\\/BetMGM.jpg\",\"datePublished\":\"2023-07-27T07:26:25+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/betmgm-closes-in-on-profitability\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/betmgm-closes-in-on-profitability\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/betmgm-closes-in-on-profitability\\\/#primaryimage\",\"url\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/wp-content\\\/uploads\\\/2022\\\/01\\\/BetMGM.jpg\",\"contentUrl\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/wp-content\\\/uploads\\\/2022\\\/01\\\/BetMGM.jpg\",\"width\":1280,\"height\":853},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/betmgm-closes-in-on-profitability\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BetMGM Closes In on Profitability\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#website\",\"url\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/\",\"name\":\"iGaming Post News for the B2B Gaming Inudstry\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#organization\",\"name\":\"iGaming Post\",\"url\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/wp-content\\\/uploads\\\/2015\\\/07\\\/iGamingPost-new-2015logo-copy.png\",\"contentUrl\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/wp-content\\\/uploads\\\/2015\\\/07\\\/iGamingPost-new-2015logo-copy.png\",\"width\":400,\"height\":110,\"caption\":\"iGaming Post\"},\"image\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/x.com\\\/igamingpost\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#\\\/schema\\\/person\\\/ec908169f7d4e72f9d6188460253f623\",\"name\":\"Debbie\",\"url\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/author\\\/tech-girl\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BetMGM Closes In on Profitability - iGaming Post","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/gaming-awards.com\/NEWS\/betmgm-closes-in-on-profitability\/","og_locale":"en_US","og_type":"article","og_title":"BetMGM Closes In on Profitability - iGaming Post","og_description":"BetMGM, the sports betting brand in partnership with MGM Resorts and Entain have released the latest set of half yearly results showing the brand is closing in on becoming a profitable entity. Revenues for H1 of 2023 showed $944 million representing a 25% increase for the same period last year and which is in line […]","og_url":"https:\/\/gaming-awards.com\/NEWS\/betmgm-closes-in-on-profitability\/","og_site_name":"iGaming Post","article_published_time":"2023-07-27T07:26:25+00:00","og_image":[{"width":1280,"height":853,"url":"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2022\/01\/BetMGM.jpg","type":"image\/jpeg"}],"author":"Debbie","twitter_card":"summary_large_image","twitter_creator":"@igamingpost","twitter_site":"@igamingpost","twitter_misc":{"Written by":"Debbie","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/gaming-awards.com\/NEWS\/betmgm-closes-in-on-profitability\/#article","isPartOf":{"@id":"https:\/\/gaming-awards.com\/NEWS\/betmgm-closes-in-on-profitability\/"},"author":{"name":"Debbie","@id":"https:\/\/gaming-awards.com\/NEWS\/#\/schema\/person\/ec908169f7d4e72f9d6188460253f623"},"headline":"BetMGM Closes In on Profitability","datePublished":"2023-07-27T07:26:25+00:00","mainEntityOfPage":{"@id":"https:\/\/gaming-awards.com\/NEWS\/betmgm-closes-in-on-profitability\/"},"wordCount":209,"publisher":{"@id":"https:\/\/gaming-awards.com\/NEWS\/#organization"},"image":{"@id":"https:\/\/gaming-awards.com\/NEWS\/betmgm-closes-in-on-profitability\/#primaryimage"},"thumbnailUrl":"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2022\/01\/BetMGM.jpg","articleSection":["Gaming","Headlines","Latest","N. America"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/gaming-awards.com\/NEWS\/betmgm-closes-in-on-profitability\/","url":"https:\/\/gaming-awards.com\/NEWS\/betmgm-closes-in-on-profitability\/","name":"BetMGM Closes In on Profitability - iGaming Post","isPartOf":{"@id":"https:\/\/gaming-awards.com\/NEWS\/#website"},"primaryImageOfPage":{"@id":"https:\/\/gaming-awards.com\/NEWS\/betmgm-closes-in-on-profitability\/#primaryimage"},"image":{"@id":"https:\/\/gaming-awards.com\/NEWS\/betmgm-closes-in-on-profitability\/#primaryimage"},"thumbnailUrl":"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2022\/01\/BetMGM.jpg","datePublished":"2023-07-27T07:26:25+00:00","breadcrumb":{"@id":"https:\/\/gaming-awards.com\/NEWS\/betmgm-closes-in-on-profitability\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/gaming-awards.com\/NEWS\/betmgm-closes-in-on-profitability\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/gaming-awards.com\/NEWS\/betmgm-closes-in-on-profitability\/#primaryimage","url":"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2022\/01\/BetMGM.jpg","contentUrl":"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2022\/01\/BetMGM.jpg","width":1280,"height":853},{"@type":"BreadcrumbList","@id":"https:\/\/gaming-awards.com\/NEWS\/betmgm-closes-in-on-profitability\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/gaming-awards.com\/NEWS\/"},{"@type":"ListItem","position":2,"name":"BetMGM Closes In on Profitability"}]},{"@type":"WebSite","@id":"https:\/\/gaming-awards.com\/NEWS\/#website","url":"https:\/\/gaming-awards.com\/NEWS\/","name":"iGaming Post News for the B2B Gaming Inudstry","description":"","publisher":{"@id":"https:\/\/gaming-awards.com\/NEWS\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/gaming-awards.com\/NEWS\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/gaming-awards.com\/NEWS\/#organization","name":"iGaming Post","url":"https:\/\/gaming-awards.com\/NEWS\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/gaming-awards.com\/NEWS\/#\/schema\/logo\/image\/","url":"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2015\/07\/iGamingPost-new-2015logo-copy.png","contentUrl":"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2015\/07\/iGamingPost-new-2015logo-copy.png","width":400,"height":110,"caption":"iGaming Post"},"image":{"@id":"https:\/\/gaming-awards.com\/NEWS\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/igamingpost"]},{"@type":"Person","@id":"https:\/\/gaming-awards.com\/NEWS\/#\/schema\/person\/ec908169f7d4e72f9d6188460253f623","name":"Debbie","url":"https:\/\/gaming-awards.com\/NEWS\/author\/tech-girl\/"}]}},"_links":{"self":[{"href":"https:\/\/gaming-awards.com\/NEWS\/wp-json\/wp\/v2\/posts\/54791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gaming-awards.com\/NEWS\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gaming-awards.com\/NEWS\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gaming-awards.com\/NEWS\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/gaming-awards.com\/NEWS\/wp-json\/wp\/v2\/comments?post=54791"}],"version-history":[{"count":1,"href":"https:\/\/gaming-awards.com\/NEWS\/wp-json\/wp\/v2\/posts\/54791\/revisions"}],"predecessor-version":[{"id":54792,"href":"https:\/\/gaming-awards.com\/NEWS\/wp-json\/wp\/v2\/posts\/54791\/revisions\/54792"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gaming-awards.com\/NEWS\/wp-json\/wp\/v2\/media\/48287"}],"wp:attachment":[{"href":"https:\/\/gaming-awards.com\/NEWS\/wp-json\/wp\/v2\/media?parent=54791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gaming-awards.com\/NEWS\/wp-json\/wp\/v2\/categories?post=54791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gaming-awards.com\/NEWS\/wp-json\/wp\/v2\/tags?post=54791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}