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Evening Standard
Evening Standard
Holly Williams

Entain shares surge on earnings upgrade for US joint venture

Entain BetMGM United States Coral Ladbrokes

Ladbrokes and Coral gambling giant Entain has seen shares jump higher after hiking the annual earnings outlook for its US joint venture BetMGM.

FTSE 100 listed Entain said it now expects BetMGM – which it jointly owns with MGM Resorts International – to deliver full-year underlying earnings of at least 100 million US dollars (£73.8 million) thanks to strong sports betting and iGaming trading.

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