Tag: Adam Greenblatt
‘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 ...
BetMGM first-quarter profit tops expectations and guidance
28 April 2025 at 1:47pm UTC-4
BetMGM CEO Adam Greenblatt and CFO Gary Deutsch fielded analyst questions April 28 in a brisk half-hour earnings call recapping the first quarter. The company exceeded Wall Street ...
BetMGM sees net revenue growth in fourth-quarter earnings
14 February 2025 at 7:19am UTC-5
Sports entertainment and hospitality company MGM Resorts International reported US$140 million in fourth-quarter net revenue, a 15% year-over-year increase.
BetMGM is a joint ...
