Entain's BetMGM joint venture delivers 'stronger than expected' H1 performance
By Iain Gilbert
Date: Tuesday 29 Jul 2025
(Sharecast News) - Bookmaker Entain said on Tuesday that its BetMGM joint venture delivered a "stronger than expected" Q2 and H1 trading performance, leading the group to further upgrade its FY guidance.
Entain said BetMGM interim net revenues were up 28% year-on-year at $891.0m, with iGaming revenues up 61% at $422.0m, while H1 underlying earnings came to $109.0m, a marked improvement when compared to the prior year's $123.0m underlying loss.
Looking ahead, Entain said BetMGM's H1 performance provided it with increased confidence in the long-term profitability and opportunities for the business.
BetMGM, which is jointly owned by Entain and MGM Resorts International, was now expected to delver net revenues of at least $2.7bn and underlying earnings of no less than $150.0m.
BetMGM chief executive Adam Greenblatt said: "BetMGM has seen a strong first half of the year, delivering significant revenue and EBITDA growth that is underpinned by the ongoing execution of our strategic plan. The momentum we have built since the second half of 2024 accelerated through the first half of 2025.
"Our stronger than expected performance through 1H 2025 positions us well for the rest of the year, reinforcing our confidence in the future and the many opportunities ahead."
As of 0845 BST, Entain shares were up 1.54% at 1,008.50p.
Reporting by Iain Gilbert at Sharecast.com
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