BetMGM CEO Adam Greenblatt called the second quarter “another quarter of focused execution,” albeit one that “came in a little lighter. ” He made the remarks during the company’s July 28 earnings call.
Greenblatt also took a jab at prediction markets, referring in his prepared remarks to competitive pressure “from unregulated operators. ” In igaming, Greenblatt reported “good growth in player engagement and value. ” Meanwhile, online sports betting had been spurred by the World Cup and the NBA playoffs.
The CEO professed himself euphoric over the World Cup, saying, “I’m so pleased with how this has played out. What we saw was a massive increase in fandom,” one which would drive handle growth in the long term.
