BetMGM raises 2020 revenue forecast again on huge engagement increase

M life Rewards program provides high single-digit of overall customer acquisitions as operator claims US-wide market share of 12.5%

BetMGM has again raised its revenue forecast for 2020, with an expected net gaming revenue (NGR) of $175m to $180m as engagement in Q4 doubled from the previous quarter. The US JV between Entain and MGM Resorts previously estimated NGR for the year would come in at $150m to $160m in October, but CFO Rob…

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