LUN 18 DE OCTUBRE DE 2021 - 19:47hs.
Double-digit growth worldwide

Entain highlights its performance in Brazil in recent 3Q report

Entain, owner of betting brands Ladbrokes, bwin and Gala, reported its third consecutive quarter of double-digit online growth, underpinned by further growth in BetMGM, which it co-owns with MGM Resorts. The group informed that, excluding Germany, online revenue was up 18% with Brazil and Australia delivering particularly strong performance. “We remain very confident in Entain’s future prospects,” says group’s CEO Jette Nygaard-Andersen.

The group, which also owns, Bet.pt, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, partypoker and PartyCasino among others, reported net gaming revenue up 4% against a period of high growth in the prior year, for the period from July 1 to 30 September 30, 2021.

Online revenue was up 10%, marking a 23rd consecutive quarter of double-digit growth in constant currency. Excluding Germany, online revenue was up 18% with Brazil and Australia delivering particularly strong performance.

Retail revenue was up 1% with UK volumes recovering toward pre-COVID-19 levels, and activity steadily rebuilding in Europe

BetMGM continues to deliver strong growth, with a 23% market share across the US in sports-betting and iGaming for the three months to August.

Jette Nygaard-Andersen, Entain’s CEO, commented: “These results demonstrate Entain’s continuing ability to deliver sustainable, consistent and diversified growth.  Our powerful Entain platform provides customers with great products and experiences, which enables us to grow ahead of our markets as demonstrated by 23 consecutive quarters of double-digit online growth.”

We continue to lead our industry in the all-important area of player protection, and I am excited by the early results of our innovative ARC programme, which we firmly believe has the potential to transform player protection across the industry,” she added.

By offering customers ever more engaging products, while leveraging our scale and technology, we will drive the flywheel effects of secular growth dynamics that can triple the size of our business.  As a result, we remain very confident in Entain’s future prospects,” Nygaard-Andersen concluded.

Source: GMB