(Reuters) -Ladbrokes owner Entain said on Monday BetMGM, its U.S. sports-betting joint venture with MGM Resorts, raised its annual revenue and core earnings forecast, driven by strong growth in its iGaming and online sports divisions.

BetMGM has increased its full-year revenue guidance for 2025 to at least $2.6 billion, up from the previous estimate of $2.4 billion to $2.5 billion, following a strong performance in the first half of the year. The update was shared by Entain plc in a regulatory disclosure, highlighting continued growth in both online sports betting and iGaming.

FY net gaming revenue at BetMGM is expected to be at least $2.6 billion, and adjusted EBITDA will increase to $100 million.

Entain shares surged, leading the FTSE 100 index, after U.S. betting company BetMGM lifted its full-year guidance boosted by strong growth across its iGaming and online sports segments.

The BetMGM joint venture between Entain and MGM Resorts has raised its guidance for 2025 after seeing strong in the first 11 weeks of Q2.

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The Ladbrokes and Coral owner now anticipates BetMGM's net revenues will total at least $2.6billion in 2025, compared to a prior forecast of $2.4billion to $2.5billion.

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Oil prices and the FTSE 100 index today held steady in a session when China’s latest retail sales figures offered some support to jittery global markets. Brent Crude continued to trade near to $74 a barrel,