Entain reports 31 NGR increase for three months ended 31 March 2022

Entain has reported a “strong start to the year” with group net gaming revenue (NGR) up 31% year-on-year for the three months ending 31 March 2022

Entain has reported a “strong take up to the year” with mathematical group net gaming revenue (NGR) up 31% year-on-year for the trine months ending 31 Mar 2022.

This was supported by the return of the group’s retail vertical, but online NGR was downward 8% for the period.

Entain noted that retail was upwardly yr on year due to closures in the prior year, with volumes subsidence within 5-10% of pre-Covid levels.

Other highlights for the period included BetMGM continuing to turn “from strength to strength”, with the Avid Gaming, Klondaika and Totolotek transactions delivering strategical development enlargement into new markets.

“We experience started the yr with a just public presentation crossways all areas of our business, driven as of all time by the strength of our industry-leading platform,” said Entain CEO Jette Nygaard-Andersen. “We get delivered strong performances inwards all of our major markets, and I am proud of(p) to story that Retail is performing fountainhead with customers returning for our in-store experience.

“In the US, BetMGM is firmly established as the list 2 operator, and our market place launches during Q1 signify that we at present have access code to over 41% of the US grownup population. Elsewhere, our strategy of expanding into young markets is continuing at pace, having acquired businesses in Canada, Latvia and Poland during Q1.

Nygaard-Andersen continued: “As a growing business organisation we bear on to commit inwards and establish our business sector around our customers to supply them with the best experiences whilst also capturing the many opportunities ahead.

“Given the strength and continuing impulse of our underlying business, coupled with our proven ability to acquire both organically and through M&A, we remain sure-footed in our financial carrying into action for FY22 and beyond.”