11:11 AM EDT, 06/16/2025 (MT Newswires) -- (Updates to include the stock movement in the headline and the first paragraph.)

MGM Resorts International ( MGM ) shares gained more than 6% in recent Monday trading after the company's BetMGM joint venture with Entain said it expects at least $2.6 billion in 2025 net revenue, up from its previous outlook range of $2.4 billion to $2.5 billion.

BetMGM said it now projects 2025 earnings before interest, taxes, depreciation, and amortization of at least $100 million, compared with its previous guidance of being EBITDA positive.

Price: 33.85, Change: +2.12, Percent Change: +6.68