BetMGM reported third-quarter 2025 net revenue of $667m, up 23% year on year, and said it had raised its full-year outlook. The company forecast at least $2.75bn in net revenue and about $200m in EBITDA for 2025, while reporting third-quarter EBITDA of $41m.
Higher revenue and EBITDA forecasts give investors an updated view of BetMGM’s expected 2025 performance.
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Entain reported first-half net gaming revenue of £2.55 billion, up 7% for the six months to the end of June, as underlying EBITDA fell 2% to £479.3 million. The company said World Cup engagement helped offset higher UK gambling taxes, and it reiterated full-year guidance for online revenue growth of 5% to 7%.
BetMGM no longer expects to reach its $500m annual EBITDA target next year. The MGM Resorts and Entain joint venture reported mixed results.
BetMGM extended its MGM Live offering to Alberta on 20 August, streaming blackjack, roulette and baccarat from MGM Resorts International venues in Las Vegas. The company said the games are hosted at MGM Grand and Bellagio through its collaboration with Playtech.
People Incorporated has proposed acquiring the MGM Resorts International shares it does not already own for US$48.30 per share in cash, reportedly valuing the offer at US$18bn. The proposal is not a completed transaction; People Incorporated already holds roughly a quarter of MGM. The plan would be financed with existing cash, new debt and outside equity investment.
MGM may be preparing another attempt to acquire Entain, according to an unconfirmed report. The report says Apollo Global Management and CVC Capital may be working with MGM, while also considering a separate bid; no offer or agreement is confirmed.