MGM Resorts' (MGM) BetMGM Revenues Increase Y/Y in 2023

MGM Resorts International’s (MGM) sports betting and iGaming partner, BetMGM, provided its performance for 2023. BetMGM's fiscal year 2023 showcased robust financial performance.Net revenues increased 36% year over year, reaching $1.96 billion, which came within the guidance range of$1.8-$2 billion. This growth was primarily driven by a 14% rise in same-state net revenues from digital operations, representing the company's solid footing in the burgeoning online gaming and sports betting sectors.Key perform ...