From Yahoo Finance: 2025-06-16 11:55:00

MGM Resorts International (MGM) shares surged over 6% as BetMGM, co-owned by MGM and Entain, raised their full-year outlook to at least $2.6 billion in revenue and $100 million in EBITDA. Strong growth in iGaming and online sports betting drove this increase, with first-quarter revenue up 34%.

This news also boosted shares of gaming rivals Wynn Resorts and Las Vegas Sands by roughly 5%, making them top gainers in the S&P 500 index. The positive momentum seen by BetMGM in the first quarter of 2025 continued through the second quarter, leading to increased revenue expectations for the fiscal year.



Read more at Yahoo Finance: MGM Resorts International Stock Rises on Lifted BetMGM Outlook