BetMGM expects to turn profitable in second half of 2023
In this article:
Jan 26 (Reuters) - U.S. sports-betting service BetMGM expects to be profitable in the second half on 2023 after the joint venture between MGM Resorts and Entain saw its annual revenue beat its expectations.
Britain's Entain, joint owner of BetMGM, said on Thursday the venture's revenue for the year was $1.44 billion, up from its earlier forecast of $1.3 billion. (Reporting by Radhika Anilkumar in Bengaluru; Editing by Sherry Jacob-Phillips)
