BetMGM, the Entain and MGM Resorts joint venture operator, has raised its revenue guidance due to continued growth in Q2.
The company now expects revenue of between US$2.6bn, up from guidance of between $2.4bn and $2.5bn.
Full-year EBITDA is now expected to be at least $100m, up from previous guidance to be EBITDA positive.
“BetMGM remains excited about the significant opportunities ahead. Its strengthened business, revised strategic approach and performance momentum further reinforce its confidence in future growth prospects and pathway to $500m EBITDA in the coming years,” the company said.
BetMGM also reiterated that online sports betting will be contribution positive for FY2025, in addition to a “strong contribution” from igaming.
Read more: BetMGM strikes Missouri sports betting deal with Century Casinos
