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.
