Feb 4 (Reuters) – BetMGM on Wednesday forecast higher annual profit and said it had paid out $270 million to parent companies MGM Resorts and Entain, after 2025 results beat expectations on growth in its online sports betting and iGaming divisions.
Shares of Entain jumped 8% after the update from BetMGM, which had initially targeted distributions of at least $200 million to its parent companies.
BetMGM, a joint venture between MGM Resorts and Ladbrokes owner Entain, expects 2026 net revenue of $3.1 billion to $3.2 billion.
It projected annual adjusted core profit of $300 million to $350 million.
The sports betting company has been expanding across North America as more U.S. states legalise online betting.
Operators such as BetMGM have been competing for customers even as the betting industry faces stricter regulatory scrutiny and rising state taxes.
The company reported annual revenue of $2.8 billion for the year ended December 31, higher than what it had initially expected, after revenue from its online sports betting and iGaming units rose 63% and 24%, respectively, from a year ago.
BetMGM’s adjusted core profit came in at $220 million for fiscal 2025.
(Reporting by Nithyashree R B in Bengaluru; Editing by Shreya Biswas)
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