Entain says new year has started with strong momentum as profits in line
Portfolio Pulse from
Entain PLC reported strong momentum into 2025 with a 6% increase in Group Net Gaming Revenue (NGR) for 2024, or 9% excluding currency effects. This includes a 50% share of US bookmaker BetMGM, reflecting a 13% growth in the fourth quarter.
March 06, 2025 | 8:30 am
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POSITIVE IMPACT
Entain's strong performance, including its 50% share in BetMGM, suggests positive momentum for BetMGM's operations in the US market.
Entain's report of a strong start to 2025 and a 6% increase in 2024 NGR, including its 50% share in BetMGM, suggests that BetMGM is performing well in the US market. This positive performance is likely to have a favorable impact on BetMGM's short-term stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80