Entain plc (LSE:ENT) has revised its financial forecast upward for BetMGM, the company’s 50/50 joint venture with MGM Resorts, citing sustained growth in both iGaming and online sports betting. The updated guidance for fiscal year 2025 now projects net revenue of at least $2.6 billion and a minimum EBITDA of $100 million, underscoring increased confidence in the platform’s market traction and profitability.
This upgrade highlights BetMGM’s expanding influence in the U.S. online gaming sector and its growing contribution to Entain’s broader strategic objectives. The enhanced outlook reflects strong momentum across BetMGM’s core operations and aligns with Entain’s ambition to drive long-term shareholder value through performance-led growth in regulated markets.
Despite these promising developments, Entain continues to face financial headwinds. While revenue and cash flow remain solid, the company is contending with profitability pressures and a high debt load. Technical indicators suggest market caution, and valuation metrics remain stretched, although the recent positive trajectory of its joint venture adds a layer of optimism.
About Entain plc
Entain plc is a global leader in sports betting and gaming, operating both online platforms and retail outlets. The company manages a wide-ranging brand portfolio that includes Coral, Ladbrokes, bwin, PartyCasino, and BetCity. Through its partnership with MGM Resorts, Entain jointly operates BetMGM—a major player in the U.S. iGaming and sports betting market. Headquartered in the UK, Entain focuses exclusively on operating in regulated jurisdictions worldwide.
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