‘Outstanding’ second-quarter results have put BetMGM execs in a good mood as we delve into the second half of 2022, with the company considering more ways to increase its revenue share.
One option that’s rarely far from the mind of CEO Bill Hornbuckle is to buy out MGM co-owner Entain, having previously seen an $11 billion offer to do so rejected in 2021.
It’s BetMGM’s aim to become “the world’s premier gaming company,” and purchasing the share of its joint-venture partner could be one effective way of doing just that.
“We think about it all the time, of course. It would be foolish to think otherwise,” Hornbuckle, the casino operator’s CEO and president, told reporters. “But you can’t buy what’s not for sale. We remain keenly focused on MGM. We’d like more of it. We have a great partnership (with Entain) and that business is working well, because of what we ultimately all provide – our IP, our database, their technology.”