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Entain Q3 Trading Update
23rd consecutive quarter of double-digit online growth, underpinned by Entain’s industry leading platform
Entain plc , the global sports-betting and gaming entertainment group, today reports trading for the period from 1 July to 30 September 2021 (“Q3”).
Q3 Highlights
- Strong Q3 performance with Group net gaming revenue (“NGR”) up 4% (+6% cc1) against a period of high growth in the prior year
- Online NGR +10% cc1, marking a 23rd consecutive quarter of double-digit growth in constant currency
- Excluding Germany, online NGR was up +18 %cc1
- All major markets (excluding Germany) delivered a strong performance, particularly in Australia and Brazil
- Retail NGR was +1%cc1, with UK volumes recovering toward pre-Covid-19 levels, and activity steadily rebuilding in Europe
- BetMGM continues to deliver strong growth, with a 23%3 market share across the US in sports-betting and iGaming for the three months to August
- 26%3 share in sports-betting and iGaming in the markets in which BetMGM operates
- Clear iGaming market leader with 32%3 market share
- Industry data for month of August shows BetMGM challenging for #1 market position across sports-betting and iGaming
- Live in 16 jurisdictions, with recent launches in Arizona, Wyoming and South Dakota on first day of state licencing
- Successful start to the NFL season with the launch of a national advertising campaign featuring Jamie Foxx
- Continued progress on ESG initiatives under our Sustainability Charter
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- ARC (“Advanced Responsibility & Care”) programme continues to make good progress, expanding trials into real time customer interaction across UK brands
- The Entain Foundation renewed its commitment to Pitching-In Trident Leagues and SportsAid partnerships
- The Entain Foundation U.S. funded pioneering research with University of Nevada in Las Vegas (“UNLV”) and launched a new app to support the American Gaming Association’s (“AGA”) Responsible Gaming Initiative
- FY2021 Group EBITDA5 expected to be in line with previous guidance of £850m – £900m
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- Uplift from strong Q3 trading performance offset by the previously announced impact of the licensing process in the Netherlands
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.
As we announced on 12 August, our total addressable market is expected to more than triple to over $160bn. This will be driven by the significant opportunity in the US, where we are now challenging for the number one market position, our growth plans in other new and existing markets, and our strategy of entering into new areas of interactive entertainment.
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.”
Q3: 1 July to 30 September 2021 | YTD: 1 January to 30 September 2021 | |||||||||
Total NGR | Total NGR cc1 | Sports Wagers
|
Sport Wagers cc1 | Sports Margin | Total NGR | Total NGR cc1 | Sports Wagers
|
Sports Wagers
cc1 |
Sports Margin | |
Online | ||||||||||
Sports | 12% | 17% | 1% | 4% | +1.3pp | 38% | 39% | 30% | 30% | +0.7pp |
Gaming | 1% | 4% | 7% | 9% | ||||||
Total Online | 7% | 10% | 20% | 21% | ||||||
Retail4 | (1%) | 1% | (15%) | (13%) | +0.4pp | (23%) | (23%) | (32%) | (32%) | (0.5pp) |
Total Group | 4% | 6% | 8% | 9% |
Notes
- Growth on a constant currency basis is calculated by translating both 2021 and 2020 performance at the 2021 exchange rates
- BetMGM revenues comprise of sports (Online and Retail) and iGaming revenues
- BetMGM market shares for the three month period to August 2021
- Retail operates in UK, Italy, Belgium and Republic of Ireland. Retail numbers are quoted on a LFL basis. During Q3, there were an average of 4,513 shops/outlets in the estate, compared to an average of 4,777 for the same period last year
- Guidance on EBITDA is on a post IFRS 16 basis
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Red Bull Wololo: El Reinado 2024 Crowns its Victors!
- After an intense battle, champions have emerged victorious at Red Bull Wololo: El Reinado 2024, held at the majestic Castillo de Almodóvar del Río in Spain!
- Claiming victory over the weekend, Hamzah “Hera” El-Baher, Alexis “MarineLorD” Eusebio, Themistoklis “TheMista” Bonidis and Nguyễn “Chim Sẻ Đi Nắng” Đức Bình were crowned
- The tournament featured some of the best global talent, with Riley Knight and Salome “Soe” Gschwind-Repp taking up the mantle as tournament hosts
- As the official partners of 2024, AGON by AOC, AMD and Backforce delivered the ultimate gaming experience for players
After a tournament of breathtaking battles and fierce strategy, champions have emerged victorious at Red Bull Wololo: El Reinado 2024, claiming titles across four legendary Age of Empires games in front of a roaring crowd at the iconic Castillo de Almodóvar del Río. In one of the most epic Age of Empires showdowns in recent history, these skilled strategists conquered a star-studded field of global competitors to etch their names into the annals of Wololo history.
The champions of Red Bull Wololo: El Reinado 2024 are:
- Age of Empires I: Nguyễn “Chim Sẻ Đi Nắng” Đức Bình
- Age of Empires II: Hamzah “Hera” El-Baher
- Age of Empires IV: Alexis “MarineLorD” Eusebio
- Age of Mythology: Retold: Themistoklis “TheMista” Bonidis
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The seventh edition of Red Bull Wololo saw Age of Empire II champion, Hamzah “Hera” El-Baher, battle against a fiercely competitive roster to claim a well-deserved victory. Facing down 2021 champion Ørjan “TheViper” Larsen in a thrilling grand final, the pair’s display of brilliant strategic play, showmanship and impressive skill saw that the fight for the crown remained intense until the final moment.
Age of Mythology: Retold also made its competitive debut at Red Bull Wololo: El Reinado 2024, adding a mythical twist to the tournament. Themistoklis “TheMista” Bonidis claimed the title of inaugural champion, demonstrating exceptional skill and bringing glory to their chosen god. In Age of Empires I, Nguyễn “Chim Sẻ Đi Nắng” Đức Bình emerged victorious after a fearsome showdown against Đỗ “Xuân Thứ” Thứ, while the Age of Empires IV grand final saw Alexis “MarineLorD” Eusebio crowned.
The tournament, hosted from October 3rd-6th, welcomed a blend of seasoned professionals and rising stars, all seeking to prove their dominance across the Age of Empires universe. As the newest champions of the esteemed Red Bull Wololo series, these players lay claim not only to prestigious titles but also global recognition among Age of Empires dedicated community.
This year’s edition, Red Bull Wololo: El Reinado, took place in the breathtaking surroundings of the Castillo de Almodóvar del Río in Cordoba, Spain, an immersive location that added an extra layer of grandeur to the competition. The incredible event saw players face off in LAN battles within the castle walls, with a live audience of fans witnessing thrilling culminations of in-game ranked ladder champions, online qualifiers, and invited elite players. The final stage of the competition saw intense matchups that had the audience on the edge of their seats.
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Golden Matrix Group Showcases Expanded Portfolio and Proprietary Technology at G2E Las Vegas 2024
Golden Matrix Group Inc. (NASDAQ: GMGI) is participating in the 2024 Global Gaming Expo (G2E), held at The Venetian Expo in Las Vegas, Nevada from October 7 to October 10, at booth #5130.
This will be GMGI’s inaugural participation at G2E as a combined entity with Meridianbet. At the event, GMGI will present an updated B2B network, emphasizing its state-of-the-art proprietary software, including the unveiling of the brand-new Atlas System, a fifth-generation core system solution that supports both sports betting and iGaming.
The new technology helps position GMGI among the top 5% of global industry players with wholly owned proprietary software.
Meridianbet, a renowned global sportsbook and iGaming operator, and Expanse Studios, GMGI’s wholly owned iGaming content developer, will both be showcased at the booth under the unified GMGI banner. Together, the entities will demonstrate the strength of their collaboration following their acquisitions by GMGI, leveraging their complementary strengths to build global brand awareness and delivering cutting-edge solutions to both operators and players.
Visitors to the booth will experience the newest innovations firsthand, including:
- Meridianbet’s B2B Offerings: A comprehensive and updated portfolio of B2B solutions featuring Meridianbet’s proprietary Atlas core system and state-of-the-art AI player recommenders, which deliver next-generation iGaming and sports betting capabilities; and
- Expanse Studios’ Latest Games: A preview of Expanse Studios’ new crash games and social casino content, aimed at driving engagement and expanding its presence in both regulated and social gaming markets.
In addition to product showcases, GMGI is set to hold a series of high-level meetings with key industry stakeholders, potential business partners and market analysts. These discussions are aimed at identifying strategic opportunities and further enhancing GMGI’s growth trajectory in key regulated markets while strengthening the Company’s position in the global gaming industry.
As part of its ongoing global expansion, Meridianbet has been shortlisted for a highly anticipated sports betting and iGaming license in Brazil, further expanding GMGI’s footprint in this critical growth market in South America, in addition to the firm’s robust presence in Africa and Europe.
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Endorphina Announces Partnership with Ukrainian Online Casino Casino.ua
The leading online slot provider, Endorphina, has recently partnered with Casino.ua, a licensed Ukrainian online casino. This collaboration brings Endorphina’s innovative slots to Casino.ua’s platform, expanding its game portfolio and offering more variety for players.
This partnership signifies Endorphina’s continued focus on expanding its reach in regulated markets and making its games accessible to a broader audience. With a strong track record of partnerships in 2024, Endorphina is confident this collaboration will further their goals.
“This partnership with Casino.ua is a great opportunity for Endorphina to expand as a slot game provider in Ukraine and grow in a highly competitive market. We’re very excited about this collaboration and grateful for this wonderful opportunity to partner with such a prominent Ukrainian online casino,” said Maryna Iliukhina, PR Manager at Endorphina.
Casino.ua is a licensed Ukrainian online casino offering over 7,000 online entertainment options, including instant games, slots, table games, live games, tournaments, and promotions. The platform values the safety and comfort of its users, striving to create a high-quality gaming experience.
“We are thrilled to partner with Endorphina, a top software developer in the gaming industry. Their games blend innovation, quality, and immersive gameplay, seamlessly aligning with our vision. Together, we’re committed to delivering outstanding experiences and exciting opportunities for Casino.ua players,” said Casino UA’s team.
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