All posts tagged: narrows

BetMGM starts 2026 profitable but growth slows and outlook narrows slightly

BetMGM starts 2026 profitable but growth slows and outlook narrows slightly

Published by skeptic

BetMGM entered 2026 still making money, though its latest results point to a business that has lost some of last year’s momentum. First-quarter net revenue reached $696 million, up 6% from the same period a year ago. Adjusted EBITDA rose 11% to $25 million. The company remains profitable after a strong 2025, but the pace is clearly more modest now. BetMGM will help kick off the latest gaming industry corporate earnings season April 14; among the stories to watch will be potential handle slowdown hitting much of the rest of the industry as sportsbooks' profit margins increase and prediction markets trading volume grows — Ryan Butler (@ButlerBets) April 9, 2026 Sports betting is where the slowdown appears to stand out most. Online sports revenue rose to $203 million in the quarter, a 4% increase. That is far below the growth rates seen through 2025, when the segment posted gains of 68% in the first quarter, 56% in the second, and 36% in the third. iGaming continues to carry more of the business, with revenue up …

Marseille mayoral race narrows after hard-left withdrawal

Marseille mayoral race narrows after hard-left withdrawal

Published by Sam Flores

In France’s second city, Marseille, residents headed to polling stations to choose their new mayor among three candidates: incumbent left-wing Mayor Benoît Payan, far-right candidate Franck Allisio, and conservative Martine Vassal. Hard-left candidate Sébastien Delogu withdrew after scoring lower than expected, in an attempt to block the far right from winning. FRANCE 24’s Clovis Casali reports from Marseille. Keywords for this article Source link

Penn Entertainment narrows Q4 losses as bets reshape strategy after costly partnerships

Penn Entertainment narrows Q4 losses as bets reshape strategy after costly partnerships

Published by skeptic

Penn Entertainment closed out 2025 with a noticeably smaller loss, buoyed by stronger showings at its brick-and-mortar casinos and a long-awaited breakthrough in its online division. For the quarter ending December 31, revenue climbed to $1.81 billion, up from $1.67 billion a year earlier. The company still posted a net loss, but it shrank to $73.4 million compared with $133.8 million in the same quarter last year. Adjusted EBITDA across the business rose to roughly $225.8 million from $165.2 million, while diluted loss per share improved to $0.55. PENN Entertainment's online sports betting platform generated an 8.8% hold percentage in FY 2025, an improvement of 237 bps from its 6.4% hold in 2024, per earnings release — Ryan Butler (@ButlerBets) February 26, 2026 Jay Snowden, Penn’s chief executive officer and president, pointed to steadier performance across the portfolio, especially in its traditional casinos. “PENN’s diversified retail portfolio delivered a solid quarter during which retail adjusted EBITDAR grew year-over-year, after adjusting for poor weather in December,” Snowden said in the company’s announcement. Penn Entertainment’s digital pivot …

Anthropic narrows AI safety policy pledge

Anthropic narrows AI safety policy pledge

Published by Sam Flores

Anthropic is narrowing its AI safety policy pledge, removing the company’s previous commitment to halt the development of its AI models if they outpace its safety procedures. The AI firm unveiled an updated version of its Responsible Scaling Policy on Tuesday, explaining in a blog post that the AI industry has not reached a consensus… Source link

Bake Off star tipped to host Strictly Come Dancing – as presenting shortlist narrows

Bake Off star tipped to host Strictly Come Dancing – as presenting shortlist narrows

Published by Daniella Wilson

Mel Giedroyc is the latest name to be thrown into the mix to replace Claudia Winkleman on Strictly Come Dancing, as speculation intensifies around who take over in the Clauditorium. It has been reported that Giedroyc, who was once co-host on The Great British Bake Off, is being “eyed” by Strictly bosses to take over Winkleman’s duties on the flagship programme. A source noted that the Clauditorium “needs to be hosted by someone with a gentle touch, who can use humour to relieve the tension”, when the celebrities and pros receive their scores from the judges. “Mel is seen as a great swap for Claudia as they’re both smart, funny, and have a reputation within the TV world for being easy to work with,” a source told The Sun. Mel Giedroyc. Jeff Spicer/Getty Images for Bauer The BBC has confirmed that the new hosts will be announced in due course, with the broadcaster not commenting on speculation thus far. Over the weekend, it was reported that Emma Willis and Zoe Ball were in final talks to …