LONDON (ShareCast) - (Sharecast News) - BetMGM hailed continued the "strong momentum" that it was seeing in North America, telling shareholders that business was continuing to accelerate.
The electronic gaming and sports betting outfit, which is jointly owned by Entain and MGM Resorts, also claimed to be the market leader in iGaming, putting its share of the market over the three months to February at 23%.

It also said it was on course to take the number two spot in US sports betting and so-called iGaming overall.

BetMGM guided towards $1bn of net revenues from operations in 2022 and said its two main shareholders were expected to invest roughly $450m in 2021.

That was on top of the $210m already committed up to the end of the previous year.

Looking to the long-term, the company now saw a total market opportunity in Canada and the US of $32bn, predicting that it would take approximately between 20.0-25.0%.

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