BetMGM upgrades forecast again, pledges $200 M return to owners
BetMGM announced a third upward revision of its 2025 full‑year guidance, now projecting at least US $2.75 billion in revenue and US $200 million in core profit, driven by stronger‑than‑expected Q3 demand in its U.S. online sports and iGaming business. Reuters
In conjunction with the forecast upgrade, BetMGM said it will return at least US $200 million to its joint‑venture owners, Entain and MGM Resorts International, before year end — a signal of strong cash‑flow generation and maturing market operations. Reuters
The move comes amid a backdrop of expanding U.S. sports‑betting penetration and rising regulatory/tax pressure; operators are under increasing scrutiny for responsible gambling and state tax burdens even as scale improves. Reuters
💥 TRI‑STATE HEAT
New York — PrizePicks secures fantasy‑sports licence
PrizePicks has been granted an interactive fantasy‑sports operating licence by the New York State Gaming Commission (NYSGC), allowing the company to relaunch its peer‑to‑peer model in New York within weeks. SportsHandle+1
The licence follows a US $15 million settlement for prior unlicensed activity in New York and reflects the state’s evolving regulatory stance on daily fantasy and skill‑based contests. SportsHandle
New Jersey — No verified updates in the last 48 hours.
Philadelphia/Pennsylvania — No verified updates in the last 48 hours.
🌍 GLOBAL GAMBLING BUZZ
Czech investor Karel Komárek and his group Allwyn completed a €16 billion merger with Greece’s OPAP, creating the world’s second‑largest listed gambling operator and signalling a push into the U.S. online betting market. Financial Times
Additionally, the American Gaming Association (AGA) revealed at G2E a recent change in a tax threshold on slot jackpots in the U.S., where the minimum taxable jackpot threshold rose from US $1,200 to US $2,000 — a modest win for casinos and players alike. SBC Americas
🔮 HOROSCOPE HUSTLE (entertainment only)
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Aries — P3: 4‑9‑2 | P4: 7‑1‑3‑8
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Taurus — P3: 0‑5‑6 | P4: 2‑4‑9‑1
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Gemini — P3: 8‑3‑1 | P4: 5‑0‑7‑4
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Cancer — P3: 2‑2‑9 | P4: 3‑6‑8‑0
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Leo — P3: 7‑0‑5 | P4: 9‑3‑4‑2
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Virgo — P3: 1‑8‑6 | P4: 0‑2‑5‑7
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Libra — P3: 3‑7‑4 | P4: 6‑9‑0‑8
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Scorpio — P3: 5‑1‑3 | P4: 4‑8‑2‑6
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Sagittarius — P3: 6‑4‑0 | P4: 1‑5‑9‑3
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Capricorn — P3: 9‑6‑7 | P4: 8‑1‑4‑5
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Aquarius — P3: 2‑0‑8 | P4: 3‑7‑6‑4
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Pisces — P3: 8‑5‑9 | P4: 2‑4‑1‑0
