New targets: BetMGM, the 50/50 joint venture between MGM Resorts and Entain, now expects at least $2.6 billion in net revenue and $100 million+ EBITDA for fiscal 2025—higher than the prior guidance of $2.4–2.5 billion revenue / break‑even EBITDA investopedia.com+15investors.com+15logos-world.net+15.
Momentum behind the upgrade: This revision follows a robust Q1 with 34% year-over-year net revenue growth, and continued strength in Q2 barrons.com+2investors.com+2thetimes.co.uk
Market Reaction & Growth Strategy
Strategic advantage: BetMGM leverages exclusive access to MGM’s vast land‑based and online customer base, bolstering its dominance in U.S. iGaming and sports betting reuters.com+14investors.com+14thetimes.co.uk+14.
Stocks rose sharply: MGM Resorts shares gained ~6.5–8%, while Entain’s surged ~15%, driving broader gaming sector gains investopedia.com+2investors.com+2barrons.com+2.
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