Entain, the global sports betting, gaming and interactive entertainment group, today reports trading for the period from January 1 to March 31, 2022.
The company reported a strong start to the year with group net gaming revenue up 31 per cent, supported by the return of retail. Online net gaming revenue was dwn eght per cent in line with expectations versus strong 2021 comparators. There was continued momentum in all major markets.
Jette Nygaard-Andersen, Entain's CEO, commented: "We have started the year with a good performance across all areas of our business, driven as ever by the strength of our industry-leading platform.
"We have delivered strong performances in all of our major markets and I am pleased to report that retail is performing well with customers returning for our instore experience.
In the US, BetMGM is firmly established as the number two operator and our market launches during Q1 mean that we now have access to over 41 per cent of the US adult population.
"Elsewhere, our strategy of expanding into new markets is continuing at pace, having acquired businesses in Canada, Latvia and Poland during Q1.
"As a growing business we continue to invest in and build our business around our customers to provide them with the best experiences while also capturing the many opportunities ahead.
"Given the strength and continuing momentum of our underlying business, coupled with our proven ability to grow both organically and through M&A, we remain confident in our financial performance for FY22 and beyond."
