We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
MGM's BetMGM Expands Into Missouri With New Sportsbook & Mobile App
Read MoreHide Full Article
Key Takeaways
MGM expands in Missouri with BetMGM's mobile app and new sportsbook at Century Casino & Hotel Cape Girardeau.
BetMGM's record Q3 performance prompted a boosted full-year EBITDA outlook of about $200 million.
North America and Europe posted strong BetMGM results, with MGM expecting at least $100 million in Q4 returns.
BetMGM, jointly owned by MGM Resorts International (MGM - Free Report) and Entain plc, has begun offering both mobile and in-person sports betting in Missouri, in partnership with Century Casinos Inc. (CNTY - Free Report) .
Customers across the state can now place bets either online through the BetMGM mobile app or in person at the newly opened BetMGM Sportsbook inside Century Casino & Hotel Cape Girardeau. The partnership enables Century Casinos to broaden its product offerings and enhance entertainment options at its properties, while allowing BetMGM to expand its market presence further.
The app provides a smooth, intuitive experience with access to major betting markets, live wagering, research tools and responsible gaming features. Through its partnership with the Kansas City Chiefs, users can enjoy exclusive promotions, and new players in Missouri can place a first bet up to $1,500 with bonus bets back if they lose.
BetMGM Fueling Strong Growth Momentum
MGM Resorts led a powerful diversified portfolio consisting of Las Vegas Strip resorts, regional operations, MGM China and MGM Digital. The company is well-positioned to unlock substantial value, supported by near-term catalysts in BetMGM and Macau operations, as well as mid- to long-term opportunities in MGM Digital and various domestic and international development projects.
Sports betting remains a significant driver of growth for MGM Resorts through its BetMGM segment. In the third quarter of 2025, BetMGM delivered record performance, leading management to raise its full-year EBITDA outlook to roughly $200 million, an improvement of nearly $450 million from the prior year. In Europe, BetMGM posted its highest-ever quarterly revenues with stronger profitability, while the North American business delivered exceptional results and began returning cash to MGM Resorts. The company expects to receive at least $100 million in the fourth quarter alone from its total investment of $630 million, with additional returns anticipated.
MGM's Share Price Performance
Shares of MGM have gained 10.9% in the past six months compared with the Zacks Gaming industry’s 9.6% growth. The company is positioned to generate sustainable earnings growth and strengthen its leadership in the global hospitality and gaming industry. However, high costs, soft Las Vegas trends and remodel disruptions may impact the results.
Image Source: Zacks Investment Research
MGM’s Zacks Rank & Key Picks
Currently, MGM Resorts carries a Zacks Rank #5 (Strong Sell).
Las Vegas Sands Corp. (LVS - Free Report) flaunts a Zacks Rank #1 (Strong Buy) at present. The company delivered a trailing four-quarter earnings surprise of 14.5%, on average. LVS stock has rallied 35.3% year to date. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for LVS’ 2026 sales and earnings per share (EPS) indicates growth of 5.1% and 6.8%, respectively, from the year-ago period’s levels.
Crocs, Inc. (CROX - Free Report) flaunts a Zacks Rank of 1 at present. The company delivered a trailing four-quarter earnings surprise of 14.3%, on average. Crocs stock has declined 20.9% year to date.
The Zacks Consensus Estimate for Crocs’ 2026 sales and earnings per share (EPS) indicates growth of 0.4% and 3.9%, respectively, from the year-ago period’s levels.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
MGM's BetMGM Expands Into Missouri With New Sportsbook & Mobile App
Key Takeaways
BetMGM, jointly owned by MGM Resorts International (MGM - Free Report) and Entain plc, has begun offering both mobile and in-person sports betting in Missouri, in partnership with Century Casinos Inc. (CNTY - Free Report) .
Customers across the state can now place bets either online through the BetMGM mobile app or in person at the newly opened BetMGM Sportsbook inside Century Casino & Hotel Cape Girardeau. The partnership enables Century Casinos to broaden its product offerings and enhance entertainment options at its properties, while allowing BetMGM to expand its market presence further.
The app provides a smooth, intuitive experience with access to major betting markets, live wagering, research tools and responsible gaming features. Through its partnership with the Kansas City Chiefs, users can enjoy exclusive promotions, and new players in Missouri can place a first bet up to $1,500 with bonus bets back if they lose.
BetMGM Fueling Strong Growth Momentum
MGM Resorts led a powerful diversified portfolio consisting of Las Vegas Strip resorts, regional operations, MGM China and MGM Digital. The company is well-positioned to unlock substantial value, supported by near-term catalysts in BetMGM and Macau operations, as well as mid- to long-term opportunities in MGM Digital and various domestic and international development projects.
Sports betting remains a significant driver of growth for MGM Resorts through its BetMGM segment. In the third quarter of 2025, BetMGM delivered record performance, leading management to raise its full-year EBITDA outlook to roughly $200 million, an improvement of nearly $450 million from the prior year. In Europe, BetMGM posted its highest-ever quarterly revenues with stronger profitability, while the North American business delivered exceptional results and began returning cash to MGM Resorts. The company expects to receive at least $100 million in the fourth quarter alone from its total investment of $630 million, with additional returns anticipated.
MGM's Share Price Performance
Shares of MGM have gained 10.9% in the past six months compared with the Zacks Gaming industry’s 9.6% growth. The company is positioned to generate sustainable earnings growth and strengthen its leadership in the global hospitality and gaming industry. However, high costs, soft Las Vegas trends and remodel disruptions may impact the results.
Image Source: Zacks Investment Research
MGM’s Zacks Rank & Key Picks
Currently, MGM Resorts carries a Zacks Rank #5 (Strong Sell).
Some top-ranked stocks from the Consumer Discretionary sector are as follows:
Las Vegas Sands Corp. (LVS - Free Report) flaunts a Zacks Rank #1 (Strong Buy) at present. The company delivered a trailing four-quarter earnings surprise of 14.5%, on average. LVS stock has rallied 35.3% year to date. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for LVS’ 2026 sales and earnings per share (EPS) indicates growth of 5.1% and 6.8%, respectively, from the year-ago period’s levels.
Crocs, Inc. (CROX - Free Report) flaunts a Zacks Rank of 1 at present. The company delivered a trailing four-quarter earnings surprise of 14.3%, on average. Crocs stock has declined 20.9% year to date.
The Zacks Consensus Estimate for Crocs’ 2026 sales and earnings per share (EPS) indicates growth of 0.4% and 3.9%, respectively, from the year-ago period’s levels.