Entain has reported a period of record levels of active customers, as the firm states it is “well-positioned” to achieve all 2023 corporate objectives.
Publishing its Q1 trading update, which covers the period from 1 January to 23 March, 2023, headline figures saw the company’s Net Gaming Revenue increase by 15%, with online NGR growing 16%.
US joint-venture BetMGM continues to ‘deliver on high expectations’, reporting a Q1 NGR of approximately $470m (+76%). Entain and MGM Resorts maintain its JV guidance for 2023 at $1.8-$2.0bn.
Group CEO, Jette Nygaard-Andersen, cited confidence in achieving full-year targets: “We are delivering both financially and strategically, with a record number of active customers enjoying our products, and we are executing on growth opportunities to further diversify and expand across regulated markets.
“In the US, BetMGM continues to grow in line with expectations and enjoyed a successful quarter which included the Super Bowl and March Madness.”
For a further breakdown of Entain’s Q1 figures, click here to be directed to SBC News.
