Borgata

Atlantic City Casino Profits Fall 10% On Flat Q2 Revenue

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Atlantic City Casino Profits Fall 10% On Flat Q2 Revenue

Gross operating profit across Atlantic City’s casino licensees dropped 10.1% to $164.9 million in Q2 2026. Net revenue rose 0.9% to $844.5 million, so nearly flat sales produced a double-digit profit decline. First-half profit is down 15.5% to $269.6 million on revenue of $1.57 billion, up just 0.2%. Casino hotel occupancy improved to 73.2% for … Read more

BetMGM Delays $500M EBITDA Goal, Cites Prediction Markets

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BetMGM Delays $500M EBITDA Goal, Cites Prediction Markets

BetMGM pushed its $500 million adjusted EBITDA target beyond 2027, citing prediction market regulatory complexity. Online sports net revenue was flat at $228 million while iGaming revenue rose 8% to $483 million. Second-quarter adjusted EBITDA fell 15% to $74 million even as net revenue rose 3% to $711 million. Average monthly active players fell 3% … Read more