British gambling firm Entain raised its annual profit outlook on Wednesday and said it would end its financial support for BetMGM, the joint venture with MGM Resorts once that business turns profitable.

BetMGM, the U.S. sports-betting platform, last week said it expects to turn profitable in the second half of 2023, aided by strong gaming margins.

“Assuming no major changes to our environment and markets, we expect financial support for BetMGM to come to an end as we move to profitability in the U.S.,” Entain CEO Jette Nygaard-Andersen told analysts.

The joint owners were expected to invest an additional $150 million in 2023. Shares of Entain rose as much as 3% on the day.