BetMGM has delayed its goal of achieving $500 million in annual adjusted EBITDA due to regulatory uncertainty surrounding prediction markets and a more challenging competitive landscape.
BetMGM's second-quarter profitability decreased despite a 3% year-over-year revenue increase. The adjusted EBITDA dropped by 15% to $74 million compared to $86 million in the previous year.
Police officers were able to track down and arrest a trio of suspected culprits who targeted a victim and robbed them at gunpoint at a Tampa hotel.
MGM China CEO Kenneth Feng said Macau will remain a highly competitive market but expressed confidence that MGM Macau has a stronger understanding of its customers’ evolving expectations.
The Thunder Valley Casino Resort in Lincoln has recently become the site of a significant win secured from the NFL Touchdown slot machine, a popular branded slot machine experience developed by Aristocrat Gaming and available across the United States.
The New York Lottery has seen another resident win a seven-figure prize, with the lottery player in Jackson Heights scoring a $1,000,000 prize.
