MGM Digital cuts loss to $4m as LeoVegas-led arm’s revenue growth slows to 6%

MGM Resorts' LeoVegas-led international online business moved close to break-even in the third quarter, with Spain, the Netherlands and the UK driving gains. But revenue growth fell sharply from the previous quarter, at a time when UK and European operators face higher taxes. MGM Digital posted segment revenue of $184m in the third quarter, up from $174m a year earlier. Its segment adjusted EBITDAR loss narrowed to $4m, from $23m a year earlier. That improvement came in a quarter when group adjusted EBITDA dropped to $403m from $506m. MGM Digital combines LeoVegas with other consolidated interactive gaming subsidiaries.