Entain has reported a “strong performance across the group” in its first half trading update for the period from 1 January to 30 June 2021

Entain has reported a “strong public presentation crossways the group” inward its 1st half trading update for the point from 1 Jan to 30 June 2021.

The gambling firm reported an 11% step-up in sack gaming revenue (NGR) for H1 2021, and a 42% step-up inwards NGR for Q2 2021. Entain said it has now delivered 22 sequentially quarters of double-digit growing inward online, with Q2 online NGR upwards 22%, and H1 online NGR upwards 28%.

The company’s acquisitions of Enlabs and Bet.pt were completed at the offset of Q2, and unitedly contributed 4% to online NGR. Entain noted other highlights for the period, such as the cinque yr £590m ($813.2m) Revolving Credit Facility (RCF) agreed, replacing its existing £535m RCF that was due to expire inward Mar 2023, and an additional €300m full term loan proposed to monetary fund incorporated developing and M&A.

“We have got delivered another warm public presentation crosswise the group,” said Entain CEO Jette Nygaard-Andersen. “Our diversified business concern posture has enabled us to grow our business sector in all paint markets patch navigating TV channel and mathematical product premix changes as retail re-opens and we annualise lowest year's qualified sports calendar.

“Following our strong first-class honours degree half, we are upgrading our expectations for the full yr and we remain confident and excited past the breadth and weighing machine of the long-term sustainable ontogeny opportunities beforehand of us.”

Entain noted that an investor case will be held on 12 Aug 2021 to cater a strategical and operational update, patch it will separately declare later today a double of investiture of its in-house games studios to accelerate the group’s power to provide customers with young products and experiences.

This news is curated to you by the 918Kiss Singapore.