MGM Resorts International

BetMGM Q3 Adjusted EBITDA Jumps 112% to $86M on 7% Revenue Growth

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BetMGM Q3 Adjusted EBITDA Jumps 112% to $86M on 7% Revenue Growth

Jersey City – October 13, 2026 -- BetMGM LLC reported Q3 2026 adjusted EBITDA of $86 million, up 112% year over year, on net revenue of $710 million, up 7%. The North American sports betting and iGaming operator is jointly owned by MGM Resorts International and Entain plc. It reiterated full-year guidance but said it expects to land at the lower end of the ranges.

iGaming delivers $483 million as online sports adds $216 million

iGaming net revenue rose 6% to $483 million, and online sports net revenue rose 7% to $216 million. iGaming contribution exceeded $135 million, while online sports contribution was positive. Year-to-date adjusted EBITDA stands at $185 million.

BetMGM holds a 14% gross gaming revenue share in its active markets, including 20% in iGaming and 8% in online sports.

BetMGM to Release Q3 2026 Business Update on October 13

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BetMGM to Release Q3 2026 Business Update on October 13

Jersey City -- BetMGM LLC will release its business update for the July 1 to September 30, 2026 period on Tuesday, October 13, 2026, the sports betting and iGaming operator confirmed.

BetMGM schedules audio webcast and investor Q&A for October 13

Management will host an audio webcast with a Q&A session at 9am ET, 6am PT and 2pm UK time. Registration links for the webcast and the investor Q&A are available through BetMGM's investor communications channel.

Joint venture structure ties results to two listed parents

BetMGM is jointly owned on a 50/50 basis by MGM Resorts International (NYSE: MGM) and Entain plc (LSE: ENT). MGM Resorts' portfolio spans 30 hotel and gaming destinations globally, while the BetMGM venture provides sports betting and online gaming across North America under brands including BetMGM and partypoker.

MGM Resorts to Report Q3 2026 Earnings on October 28

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MGM Resorts to Report Q3 2026 Earnings on October 28

Las Vegas – September 28, 2026 -- MGM Resorts International (NYSE: MGM) will release its third-quarter 2026 financial results after market close on Wednesday, October 28, 2026, followed by a conference call at 5:00 p.m. Eastern Time.

MGM Resorts sets October 28 date for Q3 earnings release and investor call

The call will include a brief discussion of results and a question-and-answer session with management. Supplemental slides will be posted on MGM's Investor Relations website ahead of the call.

Company provides dial-in details for domestic and international participants

Investors can access the call via webcast or by dialing 1-888-317-6003 domestically or 1-412-317-6061 internationally, using access code 9250061. A replay will be available through November 4, 2026, via 1-855-669-9658 or 1-412-317-0088 with access code 9853875.

People Incorporated Drops Bid to Take MGM Resorts Private

New York – September 24, 2026 -- People Incorporated (NASDAQ: PPLI) has withdrawn its proposal to acquire all public shares of MGM Resorts International, ending a bid to take the casino and hospitality operator private.

Diller cites unresolved deal terms as reason for retreat

Chairman and Senior Executive Barry Diller said the company "didn't feel the mix was coming together" as hoped and opted against pursuing a going-private transaction at this time.

People Incorporated retains 27% stake worth 66.8 million shares

The company confirmed it continues to hold 66.8 million MGM Resorts shares, representing approximately 27% of the company, and expressed continued confidence in MGM management and its business outlook.

Oakwell Beer Spa Signs First Franchise Deal, Expands to Las Vegas

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Oakwell Beer Spa Signs First Franchise Deal, Expands to Las Vegas

Las Vegas – September 15, 2026 -- Oakwell Beer Spa has signed its first-ever franchise agreement, bringing the Denver-born wellness concept to Las Vegas through husband-and-wife operators Andrew and Gina Lanzino. The deal marks the Colorado-based brand's initial expansion outside its home state since it began offering franchises earlier this year.

G2E 2026: MGM, Caesars, Wynn CEOs Headline Main Stage in Las Vegas

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G2E 2026: MGM, Caesars, Wynn CEOs Headline Main Stage in Las Vegas

Las Vegas – September 15, 2026 -- Chief executives of MGM Resorts International, Caesars Entertainment and Wynn Resorts will share a Main Stage panel at the Global Gaming Expo (G2E) 2026 on Sept. 29, addressing expansion strategies for a U.S. casino industry valued at $329 billion and supporting 1.8 million jobs, organizers announced.

G2E 2026 opens Sept. 28 at The Venetian Expo with over 25,000 professionals expected

The four-day event, running through Oct. 1, will draw attendees from more than 120 countries, regions and territories alongside nearly 400 exhibitors. Programming spans more than 100 education sessions featuring over 300 speakers, organized by RX and presented by the American Gaming Association (AGA).

UrVenue Opens Las Vegas Strip HQ, Adds Hospitality Tech Leadership

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UrVenue Opens Las Vegas Strip HQ, Adds Hospitality Tech Leadership

Las Vegas – September 07, 2026 -- UrVenue, a hospitality technology provider for venues, hotels and resorts, has opened a new corporate headquarters at 3327 S. Las Vegas Blvd., Suite 3400, directly on the Las Vegas Strip, alongside a round of senior hires and internal promotions across customer success, business development and marketing.

UrVenue relocates headquarters to the Las Vegas Strip to sit closer to core clients

The company chose the Strip location to be physically nearer to the gaming, nightlife and entertainment operators that make up much of its customer base. Interim CEO Emily Curtin said the site marks where UrVenue built its earliest and deepest customer relationships, as the firm pushes growth across both its venue and resort business lines.