Entain reports 6% group NGR growth in Q1 excluding BetMGM
Entain reported a 6% increase in group net gaming revenue in Q1 excluding its BetMGM joint venture, or 10% at constant currency. UK and Ireland online NGR rose 22%, while UK and Ireland retail NGR fell 1%; chief executive Stella David said the group had started the year well. CFO Rob Wood said changing consumer behaviour could be shifting gaming activity online and towards adult gaming centres.
The contrasting online and retail figures may inform operators’ assessment of channel performance in the UK and Ireland.