BetMGM sees FY23 revenue $1.8B-$2B, expects to be EBITDA positive in second half

Adam Greenblatt, CEO of BetMGM, jointly owned by Entain (GMVHF) and MGM Resorts (MGM), commented: "The talented team at BetMGM continues to execute our plan with purpose, passion, and discipline. 2022 was a year in which we delivered against many key strategic initiatives and achieved several company milestones, including exceeding our financial targets, launching a redesigned BetMGM mobile app and furthering our commitment to Responsible Gambling. With continued and unwavering support from our shareholders, we look to 2023 confident in achieving further key milestones, including $1.8 to $2 billion in net revenue from operations and being EBITDA positive in the Second Half of 2023."