Tag: Adam Greenblatt
Gaming operators run the gamut on prediction markets during earnings calls
1 May 2026 at 1:21pm UTC-4
Prediction markets remain controversial and nowhere was this more evident than during first-quarter earnings calls. Gaming executives’ comments spanned the spectrum from ...
BetMGM blasts prediction markets in earnings call
14 April 2026 at 1:18pm UTC-4
“Bad results for the house” was BetMGM Chief Financial Officer Gary Deutsch’s summary of a less-than-optimal quarter for the sports betting provider. His remarks came during ...
‘A pretty tremendous year’ for BetMGM, execs say
4 February 2026 at 12:03pm UTC-5
“BetMGM’s had a pretty tremendous year,” CEO Adam Greenblatt said at the top of its year-end earnings call on 4 February. He was looking back on a year that saw BetMGM’s ...
BetMGM records first profitable year
4 February 2026 at 11:10am UTC-5
Beating its own guidance, BetMGM recorded a profit of US$60 million for the fourth quarter and of US$175 million for the entire year, reversing a 2024 loss of US$291 million. The ...
BetMGM raises revenue and cash flow projections
14 October 2025 at 1:06pm UTC-4
Ahead of its third-quarter-earnings call, BetMGM elevated its projections for all of 2025. The company, jointly owned by Entain and MGM Resorts International, now looks for full ...
BetMGM swears off prediction markets in earnings call
14 October 2025 at 1:00pm UTC-4
BetMGM “sits on significant excess cash,” Chief Executive Adam Greenblatt said at the outset of an October 14 third-quarter-earnings call with Wall Street analysts.
To that ...
Sportsbook chiefs project record NFL betting season
8 September 2025 at 7:32am UTC-4
Sports betting companies DraftKings and BetMGM have reported record activity heading into the NFL kickoff, forecasting it could be the busiest betting season.
Jason Robins ...
BetMGM revenue, cash flow surge
29 July 2025 at 12:36pm UTC-4
Second-quarter net revenue for BetMGM shot up 36% and cash flow leapt from US$8 million to US$86 million. The company released those numbers in the predawn hours of 29 July ...
BetMGM looks toward premium customers for growth
29 July 2025 at 12:33pm UTC-4
“Our business has truly inflected,” BetMGM CEO Adam Greenblatt said of his company’s second-quarter earnings during a 29 July investor call.
BetMGM reported US$692 ...
BetMGM announces partnership with Las Vegas Aces
29 May 2025 at 7:03am UTC-4
BetMGM has partnered with the Las Vegas Aces, a member of the Women’s National Basketball Association.
BetMGM will become the official and exclusive sportsbook and casino ...
