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Posted by
Two Blokes Jul 29 -
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Entain PLC (LSE:ENT) received a boost from its 50% owned joint venture BetMGM after the US business raised its full-year EBITDA guidance on the back of strong trading in the second quarter, but analysts at Shore Capital said they did not feel this was being fully reflected in the FTSE 100 group's valuation. BetMGM now expects to deliver at least $150 million in EBITDA for the year, up from the previous $100 million target, as first-half revenue rose 35% to $891 million, with the second quarter up 36%.
