Entain, the global sports betting, gaming and interactive entertainment group, today reports its interim results for the six-month period ending June 30.
There was trong performance across H1, reflecting the group's robust and diversified business model. It reported total group net gaming revenue growth of 11 per cent. Online NGR was up 28 per cent, driven by strong underlying performances in all key markets, a full sporting calendar and longer lockdown restrictions in retail.
Entain experienced its 22nd consecutive quarter of double-digit online growth. Online NGR was up 38 per cent excluding Germany, where the new regulatory regime is impacting the market. Retail NGR was down 46 per cent, reflecting estate closures through much of the period offset by encouraging early trends as shops reopen.
BetMGM, the group's joint venture in the US with MGM Resorts, continues to perform strongly and is well positioned for further success in H2. Its H1 NGR was $357m and it was the number two operator for sports betting and igaming across the US with 22 per cent market share. It was the number one operator in igaming, extending leadership with 30 per cent market share.
Jette Nygaard-Andersen, Entain's CEO, commented: "Entain's platform continues to deliver. The quality and diversification of our businesses has enabled us to deliver our 22nd consecutive quarter of double-digit online growth, while also making excellent progress on our strategic priorities.
"This performance is not only a result of our industry leading technology, but also the hard work and dedication of our talented teams of people around the world and I would like to take this opportunity to thank them."
