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UK's Entain top FTSE 100 gainer after BetMGM swings to profit

ReutersApr 28, 2025 11:35 AM

Shares of British gambling firm Entain ENT.L up 5.3% at 619.4p, top gainer on FTSE 100 index .FTSE, which is up 0.12%

ENT's joint venture with MGM Resorts MGM.N, BetMGM, posts Q1 core profit of $22 million, compared with a loss of $132 million last year

BetMGM reaffirms expectations for FY 2025 to be EBITDA positive, and net revenue forecast of $2.4 billion to $2.5 billion

JV's Q1 revenue up 34% to $657 million

As of last close, stock down 14.4% YTD

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