The Entain share price jumps 14% on an upbeat report – time to consider buying?
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The Entain (LSE: ENT) share price has caught my eye over the last year, and today (16 June) it’s hard to ignore. The FTSE 100 gambling and sports betting group has surged more than 14% to 857p per share after a bullish update.
Today’s jump was driven by US optimism. Entain raised its revenue forecast for BetMGM, its 50:50 joint venture with MGM Resorts. Net revenues are now expected to hit “at least $2.6bn” this year, up from earlier guidance of $2.4bn-$2.5bn. That follows a strong second quarter, with growth across both iGaming and online sports betting.
BetMGM is winning
The board now expects BetMGM to deliver EBITDA earnings of “at least $100m” in 2025, compared to…
