During this week's earnings call, Entain's interim CEO admitted that the efforts required for the company's joint venture with MGM, BetMGM, may have had a negative impact on other aspects of the business.
While other aspects of the company had a difficult quarter due to regulatory headwinds, BetMGM continued to perform well for the company. The joint venture generated nearly $2 billion in net gaming revenue, a 36% increase over the previous year and well above projections for 2023.
While other aspects of the company had a difficult quarter due to regulatory headwinds, BetMGM continued to perform well for the company. The joint venture generated nearly $2 billion in net gaming revenue, a 36% increase over the previous year and well above projections for 2023.