Dec 4 (Reuters) - Ladbrokes-owner Entain said on Monday it is targeting a core profit of $500 million in 2026 for sports-betting service BetMGM, which it jointly owns with MGM Resorts.

The British gambling firm company also said it will update investors on BetMGM's performance to date and financial outlook through a virtual presentation at 1600 GMT on Monday. (Reporting by Eva Mathews in Bengaluru; Editing by Tasim Zahid)