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MGM Resorts, Entain to boost investment in BetMGM by $450 million in 2022, after 2021 revenue topped projections

MGM Resorts, Entain to boost investment in BetMGM by $450 million in 2022, after 2021 revenue topped projections

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MGM Resorts International and U.K.-based Entain PLC GMVHY, joint owners of sports betting and iGaming operator BetMGM, said Wednesday they expect to invest another $450 million in BetMGM in 2022. That will bring the combined investment to $1.1 billion since BetMGM was launched in 2018.

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