“BetMGM is well on pace to achieve its forecast of $1.8 billion to $2.2 billion in net revenues from operations for the year,” MGM Resorts Chief Financial Officer Jonathan Halkyard said during the earnings call. 8) in conjunction with the company’s quarterly earnings call.īy comparison, in the same quarter a year ago, the company’s share of BetMGM’s operating loss amounted to a loss of $23.5 million, per the presentation. The company’s 50% share of operating income in the third quarter was $13 million, and executives expect that business to continue to grow, according to a presentation released Wednesday (Nov. MGM Resorts International achieved its first quarter of profitability on its investment in the online gaming joint venture, BetMGM.
