Industry

LeoVegas owner MGM narrows digital losses in Q3

By Linnea Dahl · Published 31 October 2026

MGM Resorts, the US casino giant that owns LeoVegas, reported its third-quarter 2026 results on 28 October. The group’s digital division, which LeoVegas forms part of, grew revenue while its loss narrowed sharply compared with the same quarter last year.

What has changed

The MGM Digital segment includes LeoVegas and other consolidated interactive-gaming subsidiaries, but excludes the North American venture BetMGM. MGM Digital, which consists of LeoVegas and other consolidated subsidiaries that offer interactive gaming and does not include the BetMGM North America Venture, posted revenue of $184 million, up 6% from $174 million. Its segment adjusted EBITDAR loss narrowed sharply to $4 million from $23 million.

Looking at the first nine months of 2026, the picture is similar. The MGM Digital segment, which encompasses BetMGM and LeoVegas, reported a segment loss of $61 million YTD, a 27% improvement from the $83 million loss in the prior-year period. According to the company’s own breakdown of the quarter, growth was partly driven by specific European markets. MGM Digital’s B2C revenue increased 8%, led by Spain, the Netherlands and the UK.

The picture was brighter for MGM Resorts as a whole too. The group reported a 1% year-on-year decline in consolidated revenue to $4.2 billion in the third quarter of 2026, while net loss narrowed to $17 million from $285 million and adjusted EBITDA fell to $403 million from $506 million. The dip in overall figures stems mainly from weaker results on the Las Vegas Strip, not from the digital business.

What it means for you

If you hold an account with LeoVegas, your licence or terms are not affected by the earnings report itself. LeoVegas continues to operate under the same Swedish licence as before, and the rule limiting welcome bonuses to one per licence holder still applies. To see which other brands share a licence and platform with LeoVegas, you can read more about LeoVegas Group and which LeoVegas sister sites exist.

What matters most for you as a player is the broader pattern: a parent company with a more stable digital finances reduces the risk of sudden changes to offers or support, since such changes are often driven by financial pressure. At the same time, the fact that growth was mainly attributed to Spain, the Netherlands and the UK means Sweden was not singled out as the main driver this particular quarter. If you ever want a break from all licensed gambling, you can do so via Spelpaus.se, and support is available through Stödlinjen.se.

The bigger picture

The report confirms a trend visible over several quarters: MGM Digital, with LeoVegas as its largest single brand, is moving from heavy losses towards breakeven. The fact that the improvement has held up over nine months, not just a single quarter, suggests a structural shift rather than a temporary upswing. At the same time, the numbers show that LeoVegas’s international growth is being driven by several European markets in parallel, with the Swedish licence being one of several pillars in a broader European strategy rather than the single most important growth engine right now.