Entain has announce its results for the year ended December 31, 2020, delivering strong growth across its international operations with further opportunities in new markets.
BetMGM, the joint venture with MGM Resorts, is now live in 12 states with strong momentum as a leading player in the US market. Its market share was up to approximately 18 per cent across its live markets and it was the number one operator in igaming in January 2021 across the US. Its full-year revenues of $178m were ahead of expectations.
There was also strong growth across the group with 20 consecutive quarters of double-digit online net gaming revenue growth and market share gains across all major markets, with particularly strong performances in Australia, Brazil, Georgia and Italy, as well as from PartyPoker across all its markets
There was further expansion into regulated markets with the launch of bwin in Colombia and planned acquisitions of Bet.pt in Portugal and Enlabs AB in the Baltics.
Jette Nygaard-Andersen, CEO of Entain, commented: “Having spent more than two decades working with digital companies using technology to transform and disrupt industries, I am hugely excited about the future prospects for Entain.
"We are a digital entertainment company with a clear strategic focus on growth and sustainability. As such, we have a fantastic platform from which to use our proprietary technology to expand into new markets and reach new audiences around the world."
