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BetMGM swings to first-quarter profit in e-betting surge

Channel News Asia LogoChannel News Asia8h ago

BetMGM swings to first-quarter profit in e-betting surge - Channel News Asia

Quick Summary:

U.S.sports-betting service BetMGM, a joint venture between MGM Resorts and Entain, posted core profit for the first quarter on Monday, supported by strong growth in its iGaming and online sports divisions.

Shares of Entain, which owns the Ladbrokes and Coral brands, rose as much as 10.1 per cent to 647.

"We're focusing on building as big a contribution base from that sports business as possible.


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BetMGM swings to first-quarter profit in e-betting surge - Channel News Asia (Picture 1)BetMGM swings to first-quarter profit in e-betting surge - Channel News Asia (Picture 2)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-28 @ 19:45:10 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 316 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 28269083

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 33 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 4 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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  • URL: https://citrocola.beamstart.com/news/betmgm-swings-to-first-quarter-17458552997247

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