BetMGM, a US sports-betting service, reports a $123m loss but expects revenue growth driven by NFL season demand and higher customer acquisition/retention.
BetMGM, the US sports-betting service jointly owned by MGM Resorts and Entain, reported a core loss of $123m in the first half of the year, but anticipates a revenue growth in the second half and into 2025, driven by demand from customers looking to place bets during the National Football League (NFL) season. The company has exceeded goals for customer acquisition and retention, which should lead to higher year-over-year revenue growth.
July 29, 2024
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