Entain, a leading player in the gambling industry, has announced its earnings and strategic plan, showcasing robust growth for the latter half of 2024. This release precedes investor meetings set for this week.
A notable highlight from the first half of the year was the appointment of Gavin Isaacs as CEO on September 2. The company noted that the ongoing NFL season in the U.S. is expected to enhance player engagement thanks to BetMGM's upgraded sports betting interface. Furthermore, BetMGM recently became the first sports betting app to provide Nevada users with seamless connectivity nationwide through a unified digital wallet.
In its report, Entain also outlined its trading performance, citing substantial progress. The company credited its successful execution of strategic targets with sustaining positive momentum in the second quarter. Additionally, Entain experienced a rise in both revenue and margins, with strong performances noted in its Central European markets and retail operations. Online gaming revenue continued to grow, and the company expressed optimism for its upcoming third-quarter report, scheduled for release on October 17.
