Entain plc (GB:ENT) has released an update.
Entain plc’s BetMGM has reported a strong first half in 2024 with net revenues hitting $1.0 billion, marking a 6% increase year-over-year and reflecting the company’s focus on strategic investments and customer retention. The company, operating in 29 markets and boasting a 13% market share in U.S. and Ontario sports betting and iGaming, is set to further enhance player experiences and leverage MGM Resorts’ integration ahead of the NFL season. Despite a reported EBITDA of -$123 million in alignment with its investment year strategy, BetMGM anticipates continued growth and is aiming for a $500 million EBITDA in upcoming years.
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