New York’s race for new commercial casino licenses has taken a turn after MGM Yonkers, a subsidiary of MGM Resorts, withdrew its application.
The exit narrows the field to...
Entain reports solid Q3 growth driven by UK, Italy, and BetMGM
Entain reported a 6% year-on-year increase in group revenue for Q3, including its share of BetMGM, thanks to strong results in the UK, Ireland, and Italy.
Excluding the US, group revenue rose 4%, with online gaming up 5% and retail up 3%.
In the UK and Ireland, NGR grew 8% overall, supported by a 15% rise online and a 2% retail increase driven by better sports and gaming performance. However, CEO Stella David warned that potential tax hikes in the UK could impact future investment.
Internationally, NGR was up 1%, with online growth of 5% offset by lower sports margins in September.
- Brazil: NGR fell 11% despite a 14% rise in player volumes.
- Italy: NGR rose 6% (5% online, 8% retail).
- CEE (STS & SuperSport): NGR increased 10%, with Croatia performing ahead of expectations.
- Australia: NGR fell 6% due to customer-friendly results.
- Other markets: Double-digit online growth in Georgia, New Zealand, Spain, Canada, Austria, and Greece.
David said the results show the strength and momentum of Entain’s business, adding that the company remains focused on delivering consistent growth.
BetMGM Q3 2025 performance
BetMGM reported Q3 revenue of $667 million, up 23% year-on-year, with iGaming revenue increase of 21%, and online sports betting of 36%.
Following strong results, Entain and MGM Resorts raised BetMGM’s FY25 guidance to at least $2.75 billion in revenue and $200 million in EBITDA.
BetMGM CEO Adam Greenblatt credited operational improvements and better marketing efficiency for the strong performance, saying the brand is now “healthier than it has ever been.”
Entain’s CEO, Stella David, has warned that higher gambling taxes in next month’s UK budget could force the company to close betting shops and cut investment in the country.
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