{"id":258,"date":"2024-06-27T07:48:59","date_gmt":"2024-06-27T04:48:59","guid":{"rendered":"https:\/\/cryptoleobonuscode.icu\/2024\/06\/27\/entain-reports-strong-h1-revenue-growth-driven-by-reopening-of-physical-betting-establishments\/"},"modified":"2024-06-27T07:48:59","modified_gmt":"2024-06-27T04:48:59","slug":"entain-reports-strong-h1-revenue-growth-driven-by-reopening-of-physical-betting-establishments","status":"publish","type":"post","link":"https:\/\/cryptoleobonuscode.icu\/2024\/06\/27\/entain-reports-strong-h1-revenue-growth-driven-by-reopening-of-physical-betting-establishments\/","title":{"rendered":"Entain Reports Strong H1 Revenue Growth Driven by Reopening of Physical Betting Establishments"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/6JZx660UsqY\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Entains online gambling income for the initial six months of 2022 saw a rise of 18% compared to the same period last year. This increase was fueled by the loosening of Covid-19 restrictions, which allowed for the reopening of physical betting establishments.<\/p>\n<p>Entain&#8217;s trading update revealed that physical revenue surged by a remarkable 243% year-on-year during the first half of the year, ending on June 30th. This growth surpassed expectations, as the lifting of numerous Covid-19 measures enabled physical operations to return to a near-normal state.<\/p>\n<p>During the corresponding period in 2021, Covid-19 regulations resulted in the closure of physical stores for a portion of the time, and they faced operational limitations in the latter half of the period, restricting the number of patrons who could engage in gambling activities.<\/p>\n<p>However, Entain reported a 7% year-on-year decline in online revenue compared to 2021. This drop was attributed to a greater number of players opting for online gambling in 2021, which coincided with the partial closure of physical stores. Online gaming revenue experienced a 9% decrease, while online sports betting revenue also fell by 6%, with wagering amounts declining by 3% year-on-year.<\/p>\n<p>Entain attributed this trend to a weaker macroeconomic environment, which resulted in a reduction in customer spending rates. <\/p>\n<p>As a result, Entain anticipates that full-year online income will stay consistent based on present projections.<\/p>\n<p>BetMGM, Entain&#8217;s joint venture with MGM Resorts, continues to perform well, in line with expectations, and is projected to surpass $1.3 billion in revenue for the entire year.<\/p>\n<p>Looking ahead to the second quarter, the group&#8217;s total revenue rose by 8% year-over-year, primarily driven by a 79% increase in retail revenue.<\/p>\n<p>Online revenue decreased by 7% in the second quarter, with online casino revenue down 7% and online sports betting revenue down 6%, although sports betting volume increased slightly by 1%.<\/p>\n<p>&#8220;We are happy to see more and more customers choosing to partner with us, reflecting our focus on casual players and putting customers at the center of everything we do,&#8221; said Jette Nygaard-Andersen, Entain CEO.<\/p>\n<p>&#8220;We continue to expand our growth possibilities through complementary acquisitions, having completed four transactions so far this year. Supported by the Entain platform, BetMGM continues to dominate the US market with a 24% market share.<\/p>\n<p>&#8220;While the economic outlook is uncertain, the fundamentals of our business remain strong.&#8221; <\/p>\n<p>Were witnessing an increase in individuals seeking recreational pursuits, and our financial performance remains stable. We&#8217;re optimistic that our customer-centric approach, varied offerings, and established history of organic expansion and mergers and acquisitions will aid us in advancing our strategic objectives.<\/p>\n<p>Entain also indicated that they anticipate their recent acquisition of BetCity to be finalized in the latter half of the year, stating that it will present &#8220;strategic growth opportunities&#8221; within the regulated Dutch market.<\/p>\n<p>In the previous month, Entain agreed to purchase BetEnt (operating as BetCity), a Dutch online sports betting and gaming enterprise, from Sports Entertainment Media. The transaction is now finalized. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Entains online gambling income for the initial six months of 2022 saw a rise of 18% compared to the same period last year. This increase was fueled by the loosening of Covid-19 restrictions, which allowed for the reopening of physical betting establishments. Entain&#8217;s trading update revealed that physical revenue surged by a remarkable 243% year-on-year [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Entain<\/title>\n<meta name=\"description\" content=\"Entain\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoleobonuscode.icu\/2024\/06\/27\/entain-reports-strong-h1-revenue-growth-driven-by-reopening-of-physical-betting-establishments\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Entain Reports Strong H1 Revenue Growth Driven by Reopening of Physical Betting Establishments\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Entain\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoleobonuscode.icu\/2024\/06\/27\/entain-reports-strong-h1-revenue-growth-driven-by-reopening-of-physical-betting-establishments\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Join the Ultimate Online Casino Adventure | Licensed &amp; Secure\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T04:48:59+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptoleobonuscode.icu\/2024\/06\/27\/entain-reports-strong-h1-revenue-growth-driven-by-reopening-of-physical-betting-establishments\/\",\"url\":\"https:\/\/cryptoleobonuscode.icu\/2024\/06\/27\/entain-reports-strong-h1-revenue-growth-driven-by-reopening-of-physical-betting-establishments\/\",\"name\":\"Entain\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoleobonuscode.icu\/#website\"},\"datePublished\":\"2024-06-27T04:48:59+00:00\",\"dateModified\":\"2024-06-27T04:48:59+00:00\",\"author\":{\"@id\":\"https:\/\/cryptoleobonuscode.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Entain\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptoleobonuscode.icu\/2024\/06\/27\/entain-reports-strong-h1-revenue-growth-driven-by-reopening-of-physical-betting-establishments\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptoleobonuscode.icu\/2024\/06\/27\/entain-reports-strong-h1-revenue-growth-driven-by-reopening-of-physical-betting-establishments\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptoleobonuscode.icu\/2024\/06\/27\/entain-reports-strong-h1-revenue-growth-driven-by-reopening-of-physical-betting-establishments\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/cryptoleobonuscode.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Entain Reports Strong H1 Revenue Growth Driven by Reopening of Physical Betting Establishments\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptoleobonuscode.icu\/#website\",\"url\":\"https:\/\/cryptoleobonuscode.icu\/\",\"name\":\"Join the Ultimate Online Casino Adventure | Licensed &amp; Secure\",\"description\":\"Discover the latest trends and opportunities in online gambling with our fresh casino news, in-depth game reviews, and informative insights. 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