{"id":8045,"date":"2024-10-18T06:00:35","date_gmt":"2024-10-18T06:00:35","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/10\/18\/entain-sees-8-revenue-growth-in-q3-driven-by-online-business\/"},"modified":"2024-10-18T06:00:35","modified_gmt":"2024-10-18T06:00:35","slug":"entain-sees-8-revenue-growth-in-q3-driven-by-online-business","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/10\/18\/entain-sees-8-revenue-growth-in-q3-driven-by-online-business\/","title":{"rendered":"Entain Sees 8% Revenue Growth in Q3, Driven by Online Business"},"content":{"rendered":"<div>\n<p>Fueled by its expanding online business, the British gambling behemoth Entain announced an 8% increase in group revenue for the third quarter. According to the company\u2019s trading update, adjusted EBITDA for the entire year could exceed its projection, which was estimated to be between \u00a31.04 billion ($1.35 billion) and \u00a31.09 billion.<\/p>\n<p>With a 6% increase in online income, Entain\u2019s regional performance showed a 2% gain in revenue from the UK and Ireland. Group revenue increased by 6% globally, with Central Eastern Europe (CEE) leading the way with an impressive 53% growth. Brazil also had notable growth, with a 48% increase in revenue. CFO Rob Wood did point out that growth might be slowed down in 2019 due to competition in Brazil\u2019s recently regulated market.<\/p>\n<p>CEO Gavin Isaacs commented on the company\u2019s ongoing progress: <em>\u201cEntain is already on a path of strategic and operational improvement\u2026 I\u2019m looking forward to accelerating our progress, leading the business in our next growth chapter and capturing many exciting opportunities ahead.\u201d<\/em><\/p>\n<p>Despite these gains, Entain\u2019s retail segment faced a 1% decline. Wood highlighted that while many markets saw online growth, countries like Italy, Belgium, and Poland experienced declines, affecting retail performance.<\/p>\n<h2><strong>BetMGM and Future Prospects<\/strong><\/h2>\n<p>Entain\u2019s U.S. joint venture, BetMGM, reported an 18% year-on-year revenue increase and maintained a 15% market share. Isaacs noted, <em>\u201cWe\u2019re not yet on an upward trajectory but we do have stability\u2026 holding market share is step one,\u201d<\/em> emphasizing the importance of staying competitive amid rising pressures in the U.S. market.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"BetUS\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/BetUS.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"BetUS\" target=\"_blank\" rel=\"nofollow noopener\">BetUS<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of up to $2,500<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino &#038; Sports<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Additionally, Entain decided not to sell its Georgian brand, Crystalbet, after a strategic review. Isaacs mentioned the offers received were too low to justify a sale.<\/p>\n<p>Looking forward, Entain is optimistic about its full-year performance, with Q3 results exceeding expectations. <em>\u201cWe\u2019ve beaten our expectations again in Q3\u2026 Online growth is back to being broadly inline with market growth,\u201d<\/em> Wood added. Following the update, Entain\u2019s shares rose by 3.6%.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/entain-sees-8-revenue-growth-in-q3-driven-by-online-business\/\">Entain Sees 8% Revenue Growth in Q3, Driven by Online Business<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Fueled by its expanding online business, the British gambling behemoth Entain announced an 8% increase in group revenue for the third quarter. According to the company\u2019s trading update, adjusted EBITDA for the entire year could exceed its projection, which was estimated to be between \u00a31.04 billion ($1.35 billion) and \u00a31.09 billion. With a 6% increase [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-8045","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=8045"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8045\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=8045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=8045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=8045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}