Published by Global Banking & Finance Review®
Posted on October 15, 2025
2 min readLast updated: January 21, 2026
Add as preferred source on GoogleEntain's Q3 gaming revenue rose by 6%, driven by BetMGM's success. The company maintains its annual profit forecast despite potential UK tax changes.
(Reuters) -British gambling firm Entain reported a 6% rise in third-quarter net gaming revenue and reiterated its annual profit forecast on Wednesday, supported by growth in its U.S. joint venture BetMGM and online gaming.
Entain has benefited from an accelerating shift towards online gaming and sports betting, especially through its BetMGM joint venture with MGM Resorts in the U.S., even as concerns mount over potential tax hikes in the UK and a weak momentum in its retail operations.
On Tuesday, BetMGM raised its annual revenue and profit forecasts for the third time this year and said it expected to return at least $200 million to its owners before the end of the year.
Stella David, who took over as Entain CEO in April, said the company was "increasingly confident" in generating more than 500 million pounds ($668.15 million) of annual cash from 2028, given the growth in Entain and BetMGM.
The company reiterated its annual core profit expectations of between 1.10 billion pounds and 1.15 billion pounds, despite softer margins in September due to favorable outcomes for customers in sports betting.
Entain, which owns the Ladbrokes, Coral and Partypoker brands, expects its online net gaming revenue to increase about 7% on a constant currency basis for the year ending December.
Smaller rival Rank Group reported a 9% rise in like-for-like net gaming revenue for its first quarter on Wednesday, but noted that speculation around potential tax changes in the upcoming UK autumn budget is casting a shadow over the business.
($1 = 0.7483 pounds)
(Reporting by Raechel Thankam Job in Bengaluru; Editing by Subhranshu Sahu)
Net gaming revenue refers to the total revenue generated by a gambling company after deducting any bonuses, promotions, and other incentives offered to players.
A joint venture is a business arrangement where two or more parties agree to pool their resources for a specific project or business activity, sharing profits and risks.
Core profit expectations refer to the anticipated earnings of a company from its primary business operations, excluding any extraordinary items or one-time gains.
Explore more articles in the Finance category
