Entain has kept its full-year outlook unchanged after growth slowed in the third quarter.

Total group net gaming revenue (NGR), including BetMGM, was up 6%, or 7% at constant currencies, slowing from the 10% constant currency growth in the first half of the year. 

Roughly 1-2 percentage points’ impact came from customer-friendly sports results in September. 

This comes a day after Entain’s 50%-owned US joint venture, BetMGM upgraded guidance, and three months after the FTSE 100 group upped its own targets for 2025.

For the full year it still expects approximately 7% online NGR growth on a constant currency basis, or growth in mid-single-digit percentage on a reported basis.

Stella David, CEO of Entain, commented: “Entain’s transformation continues at pace, with our strategic execution and expanding bandwidth delivering growth across our portfolio. Whilst we still have more to do, our Q3 performance is further evidence of the quality of our diverse business and its underlying momentum.

BetMGM’s continued success and strong year to date performance is driven by our strengthened sports product and leading iGaming offering, coupled with refined player engagement. We are delighted that BetMGM is achieving sustainable profitable growth and expects to begin distributing cash to parents later this year.

With Entain becoming ever stronger and BetMGM growing profitably, we are increasingly confident in delivering consistent underlying growth and generating more than £0.5bn of annual cash from 2028.”