BetMGM Guidance Cut Adds on Prediction Markets Fears -- Market Talk

Dow Jones04-14

1518 GMT - BetMGM's reduced revenue guidance is likely to unsettle investors mainly due to perceived threat from prediction markets, Davy Research analysts Paul Ruddy and Tara Tabesh write in a note. The sports-betting company, co-owned by MGM Resorts International and Entain, said it now expects full-year net revenue of $2.9 billion to $3.1 billion, down from its previous forecast of $3.1 billion to $3.2 billion. "Although this does not represent a significant downgrade to Entain group forecasts, reducing revenue guidance will not be well received," they say. Entain shares are up 1.8% at 553.80 pence. (najat.kantouar@wsj.com)

(END) Dow Jones Newswires

April 14, 2026 11:19 ET (15:19 GMT)

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The sports-betting company, co-owned by <a href=\"https://laohu8.com/S/MGM\">MGM Resorts</a> International and Entain, said it now expects full-year net revenue of $2.9 billion to $3.1 billion, down from its previous forecast of $3.1 billion to $3.2 billion. \"Although this does not represent a significant downgrade to Entain group forecasts, reducing revenue guidance will not be well received,\" they say. Entain shares are up 1.8% at 553.80 pence. 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