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.
Investors can assess Entain’s Q3 growth alongside its reiterated 2025 EBITDA guidance.
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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 2025 net revenue of $2.8bn, compared with $2.1bn in 2024, and said quarterly net income reached $60m. Annual iGaming revenue was $1.8bn and online sports betting revenue was $903m; chief executive Adam Greenblatt said both businesses posted record results.
BetMGM reported Q3 2025 net revenue of $667m, up 23% year on year, and EBITDA of $41m, an improvement of $57m from a year-earlier loss. The company raised its 2025 guidance to $2.75bn in net revenue and $200m in EBITDA, and said it expects to end the year with about $100m in unrestricted cash after a planned $200m distribution to its parent companies.
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.