Entain Jumps Most Since 2021 on BetMGM Guidance Upgrade

Entain Plc shares jumped the most in more than three-and-a-half years after the sports betting and gaming group upgraded its full-year revenue guidance for BetMGM, the US-based joint venture it shares with MGM Resorts International.

BetMGM is expected to deliver net revenue for 2025 of at least $2.6 billion, compared to a previous forecast of $2.4 billion to $2.5 billion, Entain said in a trading update on Monday. The company said the “positive momentum” seen in the first quarter for online gambling has continued as customers placed more bets.