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Entain reports strong H2 growth
International gambling and sports betting company Entain reported strong progress in its H2 results.
Formerly known as GVC Holdings, Entain is an international gambling and sports betting company founded in 2004. The company owns brands such as PartyPoker, Sportingbet, Coral, and Ladbrokes.
Talking about the company’s H2 results, Entain expressed confidence, noting that results have surpassed expectations, with bright plans ahead. With its advanced features, like parlay and player prop options powered by Angstrom’s pricing capabilities, the company enhanced player engagement.
Despite its obligation to pay almost $ 735 million, Entain shows strong growth, especially with the ongoing NFL season boosting BetMGM’s sports betting, one of the leading iGaming operators jointly owned by Entain and MGM Resorts International.
The H2 period is significant not only with its results but also with the arrival of the new chief executive officer, Gavin Isaacs, who will be replacing Stella David.
Entain’s Q3 results
Entain remains optimistic about its Q3 results and announced that it will report the results on October 17, providing further details about the company’s financial performance. The optimistic update comes after some challenges, including a significant $735 million payment related to a deferred prosecution agreement, which impacted the company’s share price and even led to some investor concerns.
FAQs
What does Entain do?
Entain is an international sports betting and gambling company. The company’s main activities include online and retail betting and gaming operations.
In what countries does Entain operate?
Entain operates in 18 countries across Asia, North America, South America, Europe, and Oceania.
What are Entain’s H2 results?
Entain reported strong progress in its H2 results, surpassing expectations and expressing confidence in its future growth plans.
What financial issues has Entain faced?
Entain was required to pay nearly $735 million due to legal obligations. However, despite this, the company continues to show strong growth.
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