MGM Resorts International

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Entain Sees FY22 EBITDA To Be In Range Of £985 Mln - £995 Mln, Up About 12% YOY

Published: 02/01/2023 08:16 GMT
MGM Resorts International (MGM) - Plc - Q4 Trading Update.
Says FY22 EBITDA Now Expected to Be in Range of £985m - £995m, Up C.
12% Year on Year and Ahead of Expectations.
FY22 Group Ngr Up 12% (+10% Cc(1)).
Including 50% Share of Betmgm Joint Venture in Us, FY22 Group Ngr Was Up 15%.
FY22 Online Ngr Down 1% (-2% Cc(1)), Reflecting Strong Covid Comparators and Absorption of Regulatory Changes, Particularly in Uk and Germany.
FY22 Retail Ngr Up 66%(2) (+66% Cc(1,2)), With Volumes Ahead of Pre-covid Levels, Market Share Gains and a Broadening Customer Base.