Buoyed by the World Cup, BetMGM posted third-quarter hikes in revenue and cash flow, numbers released early on October 13 show.
Revenue rose 7% to $710 million. BetMGM also swung from a cash-flow loss to a gain, as a 112% spike brought it to $86 million for the quarter.
Cash flow remains forecast between $300 million and $350 million. In a formal statement, the company said it “remains confident” of $500 million in cash flow per year over the near term.
The company also sent $18 million back to parents Entain and MGM Resorts International. It paid an additional $50 million in dividends to the two firms.
