Betmgm fy 2024 update

2024 strategic refinement and delivery underpins confidence of positive ebitda in 2025 las vegas , feb. 4, 2025 /prnewswire/ -- betmgm llc ("betmgm"), one of the leading sports betting and igaming operators across north america, jointly owned by mgm resorts international (nyse: mgm) ("mgm resorts") and entain plc (lse: ent) ("entain"), is today providing an update on its fiscal year 2024 ("fy 2024") performance. betmgm's leading igaming offering, strengthened sports product and enhanced player engagement delivered accelerating growth and performance metrics through 2024 inflection in online sports strategy drives expectation of positive contribution1 in fy 2025 fy 2025 expected to be ebitda1 positive with net revenue1 of $2.4 billion to $2.5 billion reiterate confidence in our pathway to $500 million ebitda supported by scale, revenue growth and operational leverage adam greenblatt, chief executive officer of betmgm, commented: "2024 was a year of investment and rebuilding of momentum for betmgm.
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