EXCLUSIVE: FanDuel And BetMGM Share A Look Back, A Look Ahead On Sports Betting After The 'Fastest 5 Years' Of Their Lives
Portfolio Pulse from Chris Katje
BetMGM CEO Adam Greenblatt and FanDuel President Christian Genetski discussed the rapid growth of the online sports betting market since the overturning of PASPA in 2018. Both companies have seen significant expansion and are looking to continue partnerships with sports leagues and teams. BetMGM aims to achieve profitability by the second half of 2023.
May 24, 2023 | 6:59 pm
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POSITIVE IMPACT
BetMGM, a unit of MGM Resorts International, has experienced rapid growth since 2018 and aims to achieve profitability by the second half of 2023.
The rapid growth of the online sports betting market has benefited BetMGM, a unit of MGM Resorts International. The company's aim to achieve profitability by the second half of 2023 indicates a positive outlook for the business, which could positively impact MGM's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
FanDuel, a unit of Flutter Entertainment, has seen significant growth since 2018 and plans to continue partnerships with sports leagues and teams.
FanDuel's significant growth since 2018 and its plans to continue partnerships with sports leagues and teams indicate a positive outlook for the company. As a unit of Flutter Entertainment, this growth and expansion could positively impact PDYPY's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100