Entain Sees BetMGM Acceleration With No Alberta And Missouri Sales

  • Entain Plc experienced a dip in April but has shown strong performance since our previous analysis, thanks to a recovery in the core market and in BetMGM's growth. With the UK and Ireland accelerating, concerns around secular decline there have been a bit assuaged, and also the growth engine of BetMGM, which sputtered last quarter, is back online. Markets are once again focused on the possible growth angles, as outstanding market openings remain, though the company still remains discounted to peers.