JOURNAL ARTICLE

Entain Shares Rise After Gambling Group Upgrades BetMGM Guidance.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Solon, Olivia 3 of 3

Abstract

The article focuses on the rise in Entain Plc shares following an upgrade in the company's full-year revenue guidance for its US-based joint venture, BetMGM, which it operates with MGM Resorts International. Entain now anticipates BetMGM will generate net revenue of at least $2.6 billion for 2025, an increase from the previous estimate of $2.4 billion to $2.5 billion. The company also projected full-year earnings before interest, taxes, depreciation, and amortization (EBITDA) to exceed $100 million. The growth in online gambling in the US, particularly since the legalization of sports betting in 2018, has contributed to this positive outlook. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/06, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2025
  • Accession Number:185996596
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