“Bad results for the house” was BetMGM Chief Financial Officer Gary Deutsch’s summary of a less-than-optimal quarter for the sports betting provider. His remarks came during the company’s first-quarter business update call 14 April.
“It’s been a steady start to 2026” was how CEO Adam Greenblatt put it. He likewise described the quarter as being below expectations because of adverse outcomes.
“We are better-insulated than most from the ever-increasing noise of prediction markets,” Greenblatt continued, saying BetMGM was focused on growing its cash flow. In igaming, he said more players had been obtained than expected, albeit at a higher cost. Still, he professed himself “very comfortable” with the return on player investment.
