February 13, 2025
MGM Resorts Worldwide (MGM) BetMGM Enterprise Replace Convention (Transcript)
MGM Resorts Worldwide (NYSE:MGM) BetMGM Enterprise Replace Convention Name December 4, 2023 11:00 AM ET

Firm Contributors

Adam Greenblatt – CEO, BetMGM

Gary Deutsch – CFO, BetMGM

Convention Name Contributors

Ed Younger – Morgan Stanley

Joe Greff – JPMorgan

Carlo Santarelli – Deutsche Financial institution

Shaun Kelley – Financial institution of America

Stephen Grambling – Morgan Stanley

Dan Politzer – Wells Fargo

Brandt Montour – Barclays

Joe Thomas – HSBC

Robin Farley – UBS

Chad Beynon – Macquarie

Joe Stauff – Susquehanna

Operator

Good day and welcome to the 2023 BetMGM Enterprise Replace. Becoming a member of from the Firm in the present day are Adam Greenblatt, Chief Government Officer and Gary Deutsch, Chief Monetary Officer.

At the moment, all individuals are in a listen-only mode. After the audio system’ presentation, there will probably be a question-and-answer session. [Operator Instructions] Please be suggested that in the present day’s convention is being recorded.

I’d now like to show the decision over to Adam Greenblatt.

Adam Greenblatt

Good morning, everybody. Thanks for becoming a member of in the present day’s name. It’s an actual pleasure to be right here with you as we replicate on our accomplishments of 2023 and focus on how executing in opposition to our strategic plan is delivering an thrilling future for BetMGM.

Our efficiency in ‘23 is one other instance of our dedication to delivering on our guarantees. Within the 4 quick years, since we launched BetMGM, we’ve established ourselves as one of many leaders on this fast-growing, highly-competitive {industry}. Our merchandise are actually out there in 28 markets and at 38 retail sports activities books. In 2023, we launched on-line sports activities betting in 4 new markets, increasing our footprint into Ohio, Massachusetts, Puerto Rico, and Kentucky. The subsequent new market launch is more likely to be on-line sports activities betting in North Carolina anticipated someday earlier than June subsequent yr.

We proceed to be a market chief with a mixed market share in