BetMGM boosts annual forecast on iGaming, online growth

June 15, 2025 11:25 PM PDT | By EODHD

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BetMGM boosts annual forecast on iGaming, online growth — Image source: Kalkine Media

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(Reuters) -Ladbrokes owner Entain said on Monday BetMGM, its U.S. sports-betting joint venture with MGM Resorts (NYSE:MGM), raised its annual revenue and core earnings forecast, driven by strong growth in its iGaming and online sports divisions. BetMGM, which has been growing its online presence and capitalising on a booming e-betting market, now expects revenue of at least $2.6 billion and core earnings of at least $100 million in fiscal 2025, Entain said. It had earlier forecast revenue of between $2.4 billion and $2.5 billion, and positive earnings before interest, taxes, depreciation, and amortization (EBITDA).

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