BetMGM Raises Guidance As It Underscores This Trend; Casino Stocks Jump
MGM Resorts International and other casino stocks rallied Monday after the company's BetMGM venture raised its guidance. Positive momentum in the first quarter is carrying over to the current quarter, a statement from the sports betting and online gaming provider said. Citing "increased confidence in its performance for 2025," BetMGM now expects full-year net revenue of at least $2.6 billion.