Entain raised its full-year 2025 guidance after first-half group net gaming revenue, including its 50% share of BetMGM, increased 7% to £3.15bn. The company expects online NGR to grow about 7% for the year and group EBITDA to reach £1.1bn–£1.15bn; it also confirmed Pierre Bouchut as permanent non-executive chair, effective immediately.
Entain’s higher guidance updates investors on expected online growth and group EBITDA for 2025.
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BetMGM reported revenue of $696m for Q1 2026, up 6% year on year, and said it accrued its first parent fees to MGM Resorts and Entain. The operator recorded $3m in fees, while adjusted EBITDA rose to $25m from $22m a year earlier. BetMGM lowered its 2026 revenue forecast to $2.9bn-$3.1bn and retained its adjusted EBITDA target of $300m-$350m, with expectations at the lower end.
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.
Entain reported a 7% increase in group net gaming revenue for the three months to 30 September 2025, on a constant-currency basis and including its 50% share of BetMGM. The company reiterated its 2025 group EBITDA guidance of GBP 1.1 billion to GBP 1.15 billion, despite customer-friendly sports results in September.
Entain reported that online net gaming revenue rose 10% year on year in Q3 2024, and raised its FY24 forecast for online pro forma NGR growth to mid-single digits on a constant-currency basis. CEO Gavin Isaacs also warned that a potential UK gambling tax increase could harm the wider industry’s economic contribution; no increase had been confirmed in the report.
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.