BetMGM CEO, Adam Greenblatt Says Co Is Expected To Be Profitable By The Second Half Of 2023
Portfolio Pulse from Benzinga Newsdesk
BetMGM CEO, Adam Greenblatt, announced at the Benzinga Sports Betting Titans Summit that the company is expected to be profitable by the second half of 2023.
May 24, 2023 | 4:21 pm
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BetMGM, a joint venture between MGM Resorts and Entain, is expected to be profitable by H2 2023, according to CEO Adam Greenblatt.
The announcement of BetMGM's expected profitability by H2 2023 is a positive signal for MGM Resorts, as it is a joint venture between MGM and Entain. This news indicates the company's growth and potential for increased revenue, which could positively impact MGM's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100