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Entain Q3 Trading Update

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Entain creates exclusive new McLaren Racing content for Formula 1 Fans
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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
    • 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
    • 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

Africa

TVBET goes live in Africa at eBet through Bitville Gaming

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TVBET goes live in Africa at eBet through Bitville Gaming
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TVBET and Bitville Gaming are now working together, thanks to a recently signed partnership. This new collaboration is a significant step towards the provider’s aim to gain a strong footprint within Africa. B2B provider of live games, and B2B development company Bitville Gaming have united under one goal — to provide the gaming market with the best products and services.

The provider of B2B online streaming games, TVBET, stays strong in pursuing its goals and continues to conclude win-to-win partnerships. This time, the new deal is a collaboration with the B2B development company Bitville Gaming. As part of the deal, a range of TVBET live games is already available at Bitville Gaming’s partner — eBet Swaziland.

eBet Swaziland is an operator offering a wide range of gaming activities. The portfolio of eBet includes betting on sports, like soccer, basketball, boxing, rugby, tennis, etc., virtual sports, a wide range of slots, lotteries, and so on. From now on, eBet players may enjoy TVBET’s chosen live games. The products available at eBet include some of the most popular B2B provider’s games, namely Fruitrace, 1Bet, Lucky6, WheelBet, 5Bet, 7Bet, Keno.

Bitville Gaming is a well-established development company with a highly qualified team of experts. It specializes in creating fixed-odds B2B products for the betting, gaming, and gambling industries. The company’s services also include B2B iframe betting solutions, portal, and free-standing pos wagering solutions, online and SMS wagering solutions, mobile-money wagering solutions, bespoke platform and product development, B2C product development. Originating from South Africa, the company has established itself very well worldwide.

“We believe that the addition of TVBET to our suite of products displays our ongoing commitment to bringing up-to-date, contemporary, and innovative solutions to the African i-Gaming landscape. This is just the beginning of many exciting solutions and products to come!” — says Andrew von Hoesslin, Managing Director of Bitville Gaming.

The partnership promises to be mutually beneficial for all parties. Cooperation between companies will help them strengthen their positions in the betting market and offer their partners new solutions.

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SKS365 welcomes ELK Studios: the international operator signs a partnership for online slots on Planetwin365

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SKS365 welcomes ELK Studios: the international operator signs a partnership for online slots on Planetwin365
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SKS365, the international sports betting and gaming operator ends in glory a year of steady growth for its online casino vertical with another strategic partnership.

The company has signed an agreement with ELK Studios, a Swedish provider specialized in slot machines and online games, which entered the Italian market this year. Thanks to this deal, SKS365 will be offering to its clients the most renowned titles of the provider such as Wild Toro 1 & 2, Katmandu Gold and Nitropolis via the Planetwin365 casino. Further releases such as Book of Toro, Toro 7’s and Stars of Orion are expected soon to be added to the operator’s gaming portfolio.

The extensive portfolio of games, the attention to detail, and the solid mathematical modeling are the strong points of ELK Studios combined with the X-iter mode, which allows players to pick different bonus features for each game, from single bonuses to multiple combinations.

“The titles of ELK Studios are among the best in the world for the quality of their content and the advanced game features and this will allow us to offer an even richer and more engaging gaming experience. We are confident that this new addition will immediately impress our players “, said Troy Cox, Chief Commercial Officer of SKS365.

“We are very excited to grow ELK’s footprint in Italy with such a well known brand as Planetwin365 and look forward to a long and fruitful partnership”, added Martin Lerby, CSO at ELK Studios.

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WSOP Winter Online Circuit Returns To GGPoker

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WSOP Winter Online Circuit Returns To GGPoker
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At least $100,000,000 and 18 WSOP gold rings to be won from December 12 through January 9

GGPoker today launches the WSOP Winter Online Circuit poker tournament series, which runs December 12 through January 9.

This series is made up of 18 headline ring events, each awarding the winning player a coveted WSOP gold ring in addition to the prize money collected, and a full schedule of hundreds of side events and satellite tournaments.

The WSOP Winter Online Circuit series guarantees at least $100,000,000 in cash prizes across the full schedule, with 13 of the ring events boasting tournament guarantees of $1,000,000 or higher.

The series highlights include:

  • BIG 50 MILLION$ – $50 BUY-IN – Sunday, Dec 12 [Final Day] – $1M GTD

  • $400 COLOSSUS – $400 BUY-IN – Sunday, Dec 19 [Final Day] – $2.5M GTD

  • $400 PLOSSUS – $400 BUY-IN – Sunday, Dec 26 [Final Day] – $1M GTD

  • $100 MILLION$ Mini Main Event – $100 BUY-IN – Sunday, Jan 2 [Final Day] – $2M GTD

  • GGMasters HR Freezeout NLH – $1,050 BUY-IN – Sunday, Jan 9 – $1.5M GTD

  • $525 Main Event – $525 BUY-IN – Sunday, Jan 9 [Day 2] – $5M GTD

 

Day 1 flights to the first WSOP ring event, BIG 50 MILLION$, are already running at GGPoker, with satellites starting from $0.50.

“WSOP circuit events are great; they give every player the chance to win a big prize and gold ring, while enjoying a taste of the WSOP experience,” said Daniel Negreanu, GGPoker Global Ambassador. “This time around, there’s also the not-insignificant matter of $100,000,000 in prizes to enjoy as well; it might be getting cold outside, but the action is just heating up at GGPoker!”

Players will receive leaderboard points each time they take part in a ring event or side event, with the top 100 players on the leaderboard sharing $100,000 in prizes upon the conclusion of the series.

Two of the WSOP Winter Online Circuit headline events will be broadcast on GGPoker.TV – the $10,300 Super MILLION$ High Roller will be shown on Tuesday, December 21, while the $525 Main Event $5M GTD event will be showcased on Saturday, January 15.

New GGPoker players are eligible to claim the poker room’s Welcome Bonus, earn even more rewards with the Honeymoon for Newcomers promotion and automatically join GGPoker’s Fish Buffet loyalty program, with regular cash prizes on offer.

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