Entain shares climb as BetMGM arm forecasts profitability in 2025 Entain shares jumped on Tuesday after the gambling company's BetMGM joint venture said it anticipated turning a profit this year.
Shares in Entain soared 7.5 per cent to 747.2p by late Tuesday afternoon following the announcement, making them the FTSE 100 Index's top riser, although the firm's shares have still fallen by around a quarter over the past 12 months.
BetMGM was also boosted by the number of average monthly active users, which climbed by 14 per cent during the year and by 55 per cent year-on-year in the fourth quarter alone.
Forecast: Entain shares jumped on Tuesday after the gambling company's BetMGM joint venture said it anticipated becoming profitable this year.
Its net revenue increased by 7 per cent to $2.1billion, thanks mainly to online gaming sales going up by 13 per cent to $1.5billion.
