Entain has published the results of operations for the period from October 1 to December 31, 2021, as well as for the financial year until December 31, 2021. In this regard, it highlights that the group has had a solid performance with Group net gaming revenue (NGR) up 7% (+8% cc1) year over year.
In the report presented by Entain we highlight the following aspects:
- In fiscal year 2021 Online NGR increased by 12% (+13% cc1)
- Strong growth in all major markets with FY21 Online NGR up 18% (+20% cc1) excluding Germany, where the new regulatory regime is impacting the market
- Online growth continues to be actively driven, with assets up 25% year on year
- Retail NGR down 3%4 (-3% cc1, 4), reflecting more Covid-19 restrictions than the prior year
- FY21 Group EBITDA5 expected to be in the range of £875m – £885m, ahead of previous expectations
- BetMGM (the Group’s joint venture in the US with MGM Resorts) continues to perform strongly, with FY21 NGR of approximately $850m2, 6, up nearly 5 times versus the prior year, as announced yesterday
Regarding Sustainability, the group mentions
- Entain Foundation launched EnTrain, a new multi-million-pound global initiative to increase access to technology and improve diversity
- ARC (“Advanced Responsibility & Care”) program continues to progress well, with real-time customer interaction trials underway, along with initial stages of international rollout
- Entain was named Socially Responsible Operator of the Year at the SBC Awards North America, as well as EGR Operator of the Year
- Entain continues to be the only online-led gaming company included in the Dow Jones Sustainability Indices, in addition to its continued inclusion in the FTSE4Good index
Commenting on these excellent 2021 results, Jette Nygaard-Andersen, CEO of Entain: “2021 has been a successful and eventful period for Entain, and our market-leading platform has driven another year of strong, sustainable and diversified growth. All of our major markets have performed well. BetMGM, our hugely exciting business in the US, has been a particular highlight with FY21 net gaming revenue ahead of expectations and an upgraded outlook for 2022”.
Nygaard-Andersen also mentions Entain's corporate social responsibility and highlights the progress of the Advanced Care and Responsibility program for users.
FULL REPORT
18+ | Juegoseguro.es – Jugarbien.es
