MGM Resorts International (NYSE:MGM)
$ 34.74 0.45 (1.31%) Market Cap: 10.34 Bil Enterprise Value: 40.02 Bil PE Ratio: 12.45 PB Ratio: 3.19 GF Score: 77/100
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MGM Resorts International BETMGM Business Update Call Transcript

Jan 26, 2023 / 03:00PM GMT
Release Date Price: $40.91 (+1.56%)
Operator

Good day, and welcome to the BetMGM Business Update Conference Call. Joining the call from the company today are Adam Greenblatt, Chief Executive Officer, and Gary Deutsch, Chief Financial Officer.

(Operator Instructions)

Please be advised that today's conference is being recorded. I would now like to turn the call over to Adam Greenblatt.

Adam Greenblatt
Roar Digital, LLC - CEO

Good morning or good afternoon, depending on where you are dialing in from. Thank you for joining today's call. I am Adam Greenblatt, CEO of BetMGM, and I'm joined today by Gary Deutsch, BetMGM's CFO. Earlier, we released an announcement on BetMGM's fiscal year 2022 performance and fiscal year '23 outlook. On this call, I'll provide a brief overview of what we announced before opening the call to Q&A.

We closed 2022 with $1.44 billion of net revenue from operations ahead of the guidance provided at our business update this time last year. This performance included same-state growth in revenue from digital operations of 51%. In total, our EBITDA loss

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