BetMGM, LLC ("BetMGM"), one of the leading sports betting and iGaming operators across the U.S., jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain") will participate in the 2023 Morgan Stanley Global Consumer and Retail Conference in New York on Wednesday, December 6, 2023.
MGM Resorts' (MGM) sports betting and iGaming partner BetMGM provides business update.
Ladbrokes-owner Entain said on Monday it is targeting a core profit of $500 million in 2026 at its U.S. sports-betting service BetMGM, which it jointly owns with MGM Resorts. The online sports betting sector has rebounded as live sporting events returned after the pandemic. Gambling firms have also been beefing up their offerings in the United States after the country's Supreme Court struck down a federal law that banned most states from sports betting.