JPMorgan Chase reduced its holding in Entain to below the 3% reporting threshold, according to a disclosure filed on Wednesday. The reduction followed an increase to 7% ten days earlier, with disposals made on 12, 13, 14 and 15 May.
The disclosure records a rapid change in a major shareholder's position in Entain.
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Entain chief executive Stella David said the company expects Brazil’s online gambling market to reopen in some form and plans to return with Sportingbet. She said the brand would be positioned for a sports-only market, while Entain would take a cautious approach to investment; Brazil NGR fell 36% year on year in Q3.
BetMGM reported third-quarter net revenue of $710 million, up 7% year on year, and adjusted EBITDA of $86 million, more than double the prior-year figure. Average monthly active users fell 3% to 878,000; the company attributed the decline to changes in player acquisition and management. BetMGM reiterated 2026 revenue guidance of $2.9 billion to $3.1 billion and adjusted EBITDA guidance of $300 million to $350 million.
Scout Gaming plans to launch its AI casino platform, with some blackjack tables expected to go live in Q4 2026, subject to market approvals, the company said. Scout says operators will be able to customise dealer language, personality, table design and branding, while game outcomes will be generated separately through an RNG and game engine.
JPMorgan Chase began covering Genius Sports with an Overweight rating and a USD8 share price target. Analysts estimated that agreements with Kalshi and Polymarket could eventually contribute up to USD35m in additional EBITDA.
Better Collective’s shares fell 37.16% over five days following Brazil’s betting ban announcement. Flutter’s shares declined 11.52% over the same period. It was reported that Better Collective estimated a €15m impact for the rest of 2026 and suspended its 2027 guidance.
Better Collective's share price fell 37.16% over five days following the announcement of a provisional measure to ban online gambling in Brazil, according to share price data cited in a report on 29 September 2026. The report said the decline came five days after President Lula's announcement and ahead of the first round of the election on 4 October.