TIDMENT
RNS Number : 5135V
Entain PLC
15 April 2021
15 April 2021
Entain plc
("Entain" or the "Group")
Strong start to the year with growth across major Online
markets
Entain plc (LSE: ENT), the global sports-betting and gaming
entertainment group, today reports trading for the period from 1
January to 31 March 2021 ("Q1").
Q1 Highlights
-- Strong first quarter Online, continuing the momentum seen at
the end of 2020, in line with expectations
-- Online net gaming revenue ("NGR") +33% (+32%cc(1) ) marks
Entain's 21(st) consecutive quarter of double digit Online NGR
growth
o Strong performance in all major markets with NGR growth of
+44%cc(1) excluding Germany
o Sports NGR continued to benefit from favourable margins
-- Retail significantly impacted by Covid restrictions with
shops almost all entirely closed for the quarter
-- Completed acquisitions of Bet.pt in Portugal and Enlabs AB in
the Baltics, underpinning further progress of Entain's strategic
expansion into new regulated markets
-- BetMGM continues to demonstrate strong momentum:
o Overall market share where BetMGM operates of 19%(2,3)
o Consistent #1 iGaming operator for whole of US, with 23%(3)
market share
o Ready to challenge for the #2 position for Sports betting and
iGaming across the US
o Further details will be provided at the BetMGM Business Update
on 21 April
-- Ongoing focus and advances under our Sustainability Charter
o Trials of ARC, the ground-breaking Advanced Responsibility and
Care player protection programme, now under way
o ESG rating upgraded to AA by MSCI rating agency
o Share Save employee share ownership plan launched across the
Group to enable our people to share in the future success of the
Group
o Further strengthening and diversification of the Board with
recent appointments of Stella David, Vicky Jarman and Mark
Gregory
o Commitment to be Carbon NetZero by 2035 based on science-based
targets; Carbon Trust Standard for Carbon emissions achieved in
2020
o Awarded ISO for Environmental Management and Occupational
Health & Safety
Jette Nygaard-Andersen, Entain's CEO, commented :
"This has been another very successful and productive quarter
with Entain making excellent progress across a number of our
strategic priorities. This is testament to the hard work and
dedication of our people across all aspects of our business. I am
delighted that they will now have the opportunity to share in the
future success of Entain through our new Share Save plan.
We saw excellent growth across all our major markets other than
Germany where regulatory changes have impacted the market. BetMGM
continues to exhibit outstanding momentum with impressive market
share growth. Our acquisitions of Bet.pt and Enlabs underpin
further progress on our strategic expansion into new regulated
markets.
With some easing of Covid restrictions, we are delighted to be
welcoming customers back into our shops. While it has only been a
handful of days since the re-opening in parts of the UK on the 12
April, we look forward to returning to more normal trading across
our whole business.
In line with our expectations, the momentum from the end of 2020
has carried into 2021. Although Covid creates some near-term
uncertainty, by maintaining our focus on the customer, providing
them with great products and services, we remain confident and
excited in our long-term prospects."
Q1: Period 1 January to 31 March 2021
-------------- -----------------------------------------------------------------
Total Total Sport Wagers Sport Wagers Sports Margin
NGR NGR cc(1) cc(1)
-------------- ------ ----------- ------------- ------------- --------------
Online
Sports 47% 44% 45% 42% +0.1pp
Gaming 23% 23%
Total Online 33% 32%
Retail
(4) (99%) (99%) (98%) (98%) +3.5pp
Total Group (13%) (13%)
-------------- ------ ----------- ------------- ------------- --------------
Notes
(1) Growth on a constant currency basis is calculated by
translating both 2021 and 2020 performance at the 2021 exchange
rates
(2) BetMGM revenues comprise of sports (Online and Retail) and iGaming revenues
(3) BetMGM market shares for the three month period to February 2021
(4) Retail operates in UK, Italy, Belgium and Republic of
Ireland. Retail numbers are quoted on a LFL basis. During Q1, there
were an average of 4,662 shops/outlets in the estate, compared to
an average of 4,843 for the same period last year.
Enquiries:
Investor Relations - Entain plc investors@entaingroup.com
David Lloyd-Seed, Group Director of Investor Relations & Corporate Communications david.lloyd-seed@entaingroup.com
Davina Hobbs, Senior Investor Relations Manager davina.hobbs@entaingroup.com
Jennifer Spencer, Investor Relations Manager j ennifer.spencer@entaingroup.com
Media - Entain plc
Tessa Curtis, Head of Media Relations t essa.curtis@entaingroup.com
Jay Dossetter, Head of ESG and Press Office j ay.dossetter@entaingroup.com
Media - Powerscourt Tel: +44 (0) 20 7250 1446
Rob Greening / Elly Williamson entain@powerscourt-group.com
Q1 Conference Call & Webcast
An analyst call will be held today, Thursday 15 April 2021 at
9:00am (BST). Participants may join via webcast or by conference
call dial in, approximately 10 minutes before the start of the
call.
Live audio webcast link: https://brrmedia.news/t33evv
To participate in the Q&A, please also connect via the
conference call dial in details.
UK +44 (0) 33 0606 1118
US +1 646 813 7960
Room number: 133775
Participant PIN: 6876
A replay and call transcript will be available on our website:
https://entaingroup.com/investor-relations/results-centre/
Upcoming dates:
BetMGM Business Update: 21 April 2021
Q2 Trading Update: 8 July 2021
Interim Results: 12 August 2021
Forward-looking statements
This document contains certain statements that are
forward-looking statements. They appear in a number of places
throughout this document and include statements regarding our
intentions, beliefs or current expectations and those of our
officers, directors and employees concerning, amongst other things,
results of our operations, financial condition, liquidity,
prospects, growth, strategies and the business we operate. These
forward-looking statements include all matters that are not
historical facts. By their nature, these statements involve risks
and uncertainties since future events and circumstances can cause
results and developments to differ materially from those
anticipated. Any such forward-looking statements reflect knowledge
and information available at the date of preparation of this
document. Other than in accordance with its legal or regulatory
obligations (including under the Market Abuse Regulation
(596/2014), the Listing Rules, the Disclosure Guidance and
Transparency Rules and the Prospectus Rules), the Company
undertakes no obligation to update or revise any such
forward-looking statements. Nothing in this document should be
construed as a profit forecast. The Company and its directors
accept no liability to third parties in respect of this document
save as would arise under English law.
About Entain plc
Entain plc (LSE: ENT) is a FTSE100 company and is one of the
world's largest sports-betting and gaming groups, operating both
online and in the retail sector. The Group owns a comprehensive
portfolio of established brands; Sports Brands include bwin,
Bet.pt, Coral, Crystalbet, Eurobet, Ladbrokes, Neds and
Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo, Gala,
Gioco Digitale, Ninja Casino, Optibet, partypoker and PartyCasino.
The Group owns proprietary technology across all its core product
verticals and in addition to its B2C operations provides services
to a number of third-party customers on a B2B basis. The Group has
also entered into a joint-venture with MGM Resorts to capitalise on
the sports-betting and gaming opportunity in the US. The Group is
tax resident in the UK with licenses in a total of 27 regulated
markets.
For more information see the Group's website: www.entaingroup.com
LEI: 213800GNI3K45LQR8L28
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