BetMGM financial strength could encourage another bid to buy Entain

The owner of an online sportsbook and iGaming platform indicated that the company's profits before interest, taxes, depreciation, and amortization became positive in the second quarter and that the second half of 2023 may witness financial improvements in a financial statement distributed to investors on Wednesday. The likelihood that BetMGM will become self-sufficient in the upcoming months and not require any extra funding from the two joint venture partners fuels speculation that MGM may decide to pursue Entain once more.

 

[GamblingBoy]

The above accounting record of BetMGM is encouraging and it is an indication that BetMGM is capable to be self sufficient without relying on supportive Partners. I would want the parent company which is MGM to strengthen more on this BetMGM so that it able to record more success next year.