BetMGM Eyes Positive EBITDA in 2025 After Challenging 2024 Year
In its Fiscal Year 2024 (FY24) report, BetMGM LLC has reflected on a challenging yet pivotal year of investments and strategic shifts. The sports betting and iGaming operator, a joint venture between MGM Resorts and Entain, faced a deeper-than-expected EBITDA loss of $244 million, compared to $62 million in 2023. Despite this setback, the company demonstrated resilience through a 7% year-on-year increase in […]
In its Fiscal Year 2024 (FY24) report, BetMGM LLC has reflected on a challenging yet pivotal year of investments and strategic shifts. The sports betting and iGaming operator, a joint venture between MGM Resorts and Entain, faced a deeper-than-expected EBITDA loss of $244 million, compared to $62 million in 2023. Despite this setback, the company demonstrated resilience through a 7% year-on-year increase in […]
