Entain increases revenue forecast to 1-5% due to strong US sports betting app, BetMGM, and UK/Ireland growth.
Entain, the parent company of Ladbrokes and Coral, reported stronger-than-expected online gaming sales, primarily due to its US sports betting app, BetMGM, and increased activity in the UK and Ireland. The company has revised its growth forecast for the year to 1-5%, up from an anticipated decline. This improvement follows a £585 million settlement over a bribery investigation. BetMGM introduced new features ahead of the NFL season, further boosting performance.
September 09, 2024
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