Entain Announces Significant Growth in Its Gambling Revenue
In its 1H2020 trading report, Entain reported an increase in its financials. For example, the company's net gambling revenue increased by 11% over the period, to approximately $350 million.
Edison Group Managing Director Neil Shah said the brand's updated data was "strong." 678
Рост в первом полугодии в значительной степени был обусловлен возросшей динамикой во втором квартале 2021-го, в результате чего доходность увеличилась на 42% благодаря восстановлению мировых рынков. Исключением стала Германия, которая, как отметила компания, все еще испытывает влияние изменений в профильном законодательстве.
Importantly, this revenue growth was only 1% higher than the "relatively difficult" 2019 figure. In the second quarter of 2021, net retail earnings increased by 359%, but this was not enough to offset the overall losses during the period of coronavirus restrictions.
Neil Shah believes that the company has "served well to maintain momentum" and , as the group decided to increase its investment in its own game studios, it is demonstrating its commitment to strategic expansion in regulated markets.
Entain's 2021 EBITDA is expected to be between 1.1 billion to $1.2 billion.
Analyst Harry Barnick says the brand is "seeking to grow inorganically." He added: “Soon, Entain may be back in the MGM spotlight. Our experts predict that as soon as the market recovers a little, the deal between the two industry giants will once again become very relevant.”
He is also confident that Entain's growth in America will directly depend on the nuances of gambling regulation in each state , which is of interest to the company.
Recall that on July 1,opened officially in Germany the legal online casino market.