Overview

• Entain increased BetMGM’s full-year net revenue guidance to at least $2.6 billion, up from the previous $2.4 billion–$2.5 billion range.
• The company now expects BetMGM to deliver full-year underlying earnings of at least $100 million following continued momentum in sports betting and iGaming.
• Shares in Entain surged more than 8% in London trading after the upgraded outlook for its North American joint venture.
• Stella David was confirmed as permanent chief executive after serving in an interim capacity since Gavin Isaacs’s February resignation.
• The company continues to face regulatory scrutiny after agreeing a £585 million penalty in 2023 for alleged bribery in Turkey and confronting anti-money laundering allegations in Australia.