BetMGM cuts 2026 revenue forecast on weak US sports betting

MGM Resorts International

14/04/2026 12:12

April 14 (Reuters) - U.S. online betting operator BetMGM cut its 2026 revenue outlook on Tuesday, citing a soft first-quarter for its online sports betting business.

The company, a joint venture between Ladbrokes owner Entain ENT.L and U.S.-based MGM Resorts  MGM.N, now expects to report revenue of $2.9 billion to $3.1 billion for the year, down from the previously expected $3.1 billion to $3.2 billion.

(Reporting by Yamini Kalia in Bengaluru; Editing by Jonathan Ananda)

((Yamini.Kalia@thomsonreuters.com))