MGM's BetMGM Expands Into Missouri With New Sportsbook & Mobile App

Core Insights - BetMGM has launched mobile and in-person sports betting in Missouri, partnering with Century Casinos to enhance its market presence and product offerings [1][2] Group 1: BetMGM Launch and Features - Customers can place bets online via the BetMGM mobile app or in person at the new BetMGM Sportsbook located in Century Casino & Hotel Cape Girardeau [2] - The app offers a user-friendly experience with access to major betting markets, live wagering, research tools, and responsible gaming features [3] - New players in Missouri can place a first bet up to $1,500 with bonus bets if they lose, alongside exclusive promotions through a partnership with the Kansas City Chiefs [3] Group 2: Financial Performance and Growth - BetMGM has shown strong growth, with record performance in Q3 2025 leading to a raised full-year EBITDA outlook to approximately $200 million, an increase of nearly $450 million from the previous year [5][7] - The North American and European segments of BetMGM reported exceptional results, with the company expecting at least $100 million in returns for Q4 from a total investment of $630 million [5][7] Group 3: MGM Resorts' Market Position - MGM Resorts has seen its shares increase by 10.9% over the past six months, outperforming the Zacks Gaming industry's growth of 9.6% [6] - The company is well-positioned for sustainable earnings growth and aims to strengthen its leadership in the global hospitality and gaming industry, despite facing challenges such as high costs and soft trends in Las Vegas [6]