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MGM Resorts10-K: Joint venture

MGM is driving its US digital growth through its 50% owned BetMGM North America Venture.

What happened

The BetMGM joint venture is a cornerstone of MGM's digital strategy in North America, focusing on online sports betting and iGaming.

Source

SEC EDGARFeb 11, 2026

Annual report (Form 10-K)

MGM Resorts 10-K for FY2025

Filing excerpt

We also have global online gaming operations primarily through our consolidated subsidiary LV Lion Holding Limited (together with its subsidiaries, “LeoVegas”) and through our 50% ownership interest in BetMGM, LLC (“BetMGM North America Venture”), an unconsolidated affiliate.

sec.gov/Archives/edgar/data/789570/000078957026000018/mgm-20251231.htmRead the full source

Other signals in this filing (11)

Extracted by Autobound

From the Signal API record
Signal
10-K: Joint venture

What this signalsFilings often name leadership changes, deals and spending plans.

Period
FY2025
Fiscal year end
12/31
Filed
Feb 11, 2026

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The full record

From the Signal API record

Numbers

Percent
50% (ownership interest in BetMGM North America Venture)

Details

CIK
789570
Accession number
0000789570-26-000018
Timeframe
Current year
Filing year
2026
Why it matters
New entity needs
Signal category
Strategic

Topics and mentions

Technologies

  • iGaming
  • online sports betting

Regions named

  • North America

Extraction

Confidence
High
Relevance
80%
Sentiment
Positive
Detected
Feb 17, 2026
signal_type
sec-10k
signal_subtype
jointVenture

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The API returns more than this page shows

This page shows a preview. The full sec-10k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/2bd002c5-56e4-472f-9403-873fdf43b783 returns this record as JSON. POST /v1/companies/enrich returns every signal for mgmresorts.com.

{
  "signal_id": "2bd002c5-56e4-472f-9403-873fdf43b783",
  "signal_type": "sec-10k",
  "signal_subtype": "jointVenture",
  "detected_at": "2026-02-17T06:36:33.011+00:00",
  "company": {
    "name": "MGM Resorts",
    "domain": "mgmresorts.com"
  },
  "data": {
    "detail": "The BetMGM joint venture is a cornerstone of MGM's digital strategy in North America, focusing on online sports betting and iGaming. The company is investing in this venture to capture a leading position in the market, creating opportunities for technology and marketing partners focused on the online gaming space.",
    "metrics": {
      "pct": 0.5,
      "timeframe": "current_year",
      "pct_context": "ownership interest in BetMGM North America Venture"
    },
    "summary": "MGM is driving its US digital growth through its 50% owned BetMGM North America Venture.",
    "excerpts": "We also have global online gaming operations primarily through our consolidated subsidiary LV Lion Holding Limited (together with its subsidiaries, “LeoVegas”) and through our 50% ownership interest in BetMGM, LLC (“BetMGM North America Venture”), an unconsolidated affiliate.",
    "relevance": 0.8,
    "sentiment": "positive",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/789570/000078957026000018/mgm-20251231.htm",
    "filing_date": "2026-02-11",
    "filing_year": 2026,
    "fiscal_year_end": "12/31",
    "sales_relevance": "New entity needs",
    "signal_category": "strategic",
    "regions_mentioned": [
      "North America"
    ],
    "technologies_mentioned": [
      "iGaming",
      "online sports betting"
    ]
  }
}

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