BetMGM Delays Profit Goal Amid Rising Competition From Prediction Markets
BetMGM has lowered its expectations for the remainder of 2026 and postponed its timeline for reaching $500 million in annual EBITDA, citing mounting competitive pressure from prediction market platforms and a more crowded online gambling landscape. The joint venture between Entain and MGM Resorts released its second-quarter and first-half 2026 business update on Tuesday, reporting continued growth in revenue while acknowledging challenges that have affected profitability and long-term forecasts. Company executives said competition from both regulated and emerging alternatives has […] The post BetMGM Delays Profit Goal Amid Rising Competition From Prediction Markets appeared first on World Casino News.
BetMGM has lowered its expectations for the remainder of 2026 and postponed its timeline for reaching $500 million in annual EBITDA, citing mounting competitive pressure from prediction market platforms and a more crowded online gambling landscape. The joint venture between Entain and MGM Resorts released its second-quarter and first-half 2026 business update on Tuesday, reporting continued growth in revenue while acknowledging challenges that have affected profitability and long-term forecasts. Company executives said competition from both regulated and emerging alternatives has […]
The post BetMGM Delays Profit Goal Amid Rising Competition From Prediction Markets appeared first on World Casino News.
