UK's Entain tops FTSE100 after BetMGM upgrades FY guidance

ReutersJun 16, 2025 7:15 AM

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Shares of Entain ENT.L up 5.3% at 791.4p - the top gainer on FTSE100 index .FTSE

Co says BetMGM, its U.S. sports-betting joint venture with MGM Resorts MGM.N, raised its annual revenue and core earnings forecast

BetMGM now expects revenue of at least $2.6 billion for fiscal 2025, up from expectations between $2.4 billion and $2.5 billion

Also says core earnings are expected to be at least $100 million in fiscal 2025, from previous expectations of a positive EBITDA

BetMGM also said Q1's positive momentum has continued into Q2 to June 13

Stock rose ~15% YTD, including session's gains

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