(Il Sole 24 Ore Radiocor) - Milano, 16 giu - The UK global sports betting and gaming group Entain said it was upping the full year 2025 revenue guidance for BetMGM, a leading sports betting and iGaming operators across North America, jointly owned by Entain and MGM Resorts International, to at least 2.6 billion dollars compared with a previously forecast 2.4-2.5 billion.

The upgrade follows the positive momentum seen during the first quarter of 2025 that has continued in the second quarter to June 13, with strong net revenues growth across both iGaming and Online Sports, driven by handle growth.

Trading for the period is broadly consisten with the 34% annual increase in net revenue delivered in the first quarter, Entain said.

Full year EBITDA for BetMGM is expected to be at least 100 million dollars up from the previous guidance of a positive EBITDA.

Entain reiterated that it expects Online Sports to provide a positive contribution in the full year, and that it also sees a strong contribution from iGaming.

"BetMGM remains excited about the significant opportunities ahead. Its strengthened business, revised strategic approach, and performance momentum, further reinforce its confidence in future growth prospects and pathway to $500 million EBITDA in the coming years," Entain said.

BetMGM will provide further details on the second quarter and.

guidance when it presents first half results on July 29.

(RADIOCOR) 16-06-25 10:19:45 (0173) 5 NNNN