$GMVHY Phased exit of the CEE business, this will raise $483M off the bat and their remaining stake will be worth about $1.1B at this valuation. This move would seem to align with a goal of setting up a less complex org with a stronger balance sheet for a possible $MGM takeover. www.globalbankingandfinance.com/ladbrokes-owner-entain-sells-20-cee-stake-joint-venture-482/
$GMVHY $MGM Entain owns 50% of MGM's most compelling digital platform, betMGM in the USA. If this takeover deal closes, People will have the cleanest shot of taking over Entain if they want to, and massively uplevel the digital biz of MGM globaly if they do.
$GMVHY the weaker this gets the more likely $MGM considers another takeover attempt to own BetMGM USA outright and expand their int'l digital business.
$FLUT: Higher UK gambling taxes are squeezing online operators, forcing them to cut costs that could reshape engagement and competition. At the same time, new formats like prediction markets are gaining momentum and may signal where the industry is headed next.
Read more: https://www.briefing.com/story-stocks/archive/2025/11/28/flutter-entertainment-and-online-operators-assess-uk-gambling-tax-hike-as-mitigation-ramps-(flut)?utm_campaign=storystocks&utm_medium=social&utm_source=st&utm_content=link
$SGHC $GMVHY
$MGM $GMVHY
BetMGM reports Q3 revenue $667M
-- Q3 EBITDA $41M.
-- Q3 iGaming revenue up 21% and online sports revenue up 36%.
-- Raises FY25 revenue view to at least $2.X.75B from at least $2.X.7B
-- Raises FY25 EBITDA view to $200M from $150M.
$MGM $GMVHY BetMGM reports Q2 EBITDA 86M vs. 8M last year
-- Q2 revenue $449M, up 29%.
-- Raises FY25 revenue view to at least $2.7B from at least $2.6B
-- Raises FY25 EBITDA view to $150M from $100M.
$MGM $GMVHY BetMGM raises FY25 revenue view to at least $2.6B from $2.4B-$2.5B
Sees FY25 EBITDA at least $100M. BetMGM, jointly owned by MGM Resorts (MGM) and Entain (GMVHF), is providing an update to FY25 guidance. BetMGM's momentum seen during Q1 has continued for Q2, with net revenue growth across both iGaming and online sports, driven by handle growth. Trading for the period is broadly consistent with 34% net revenue growth delivered in Q1.
FY25 net revenue is now expected to be at least $2.6B up from the previous guidance range of $2.4B-$2.5B. FY25 EBITDA is now expected to be at least $100M up from the previous guidance to be EBITDA positive. Reiteration of the expectation that online sports will be contribution positive for FY25, in addition to strong contribution from iGaming.
