Entain Share Discussion Threads

[hmonk] 07/4/2022 10:39

They said Brazil NGR was up double digits yoy, as was Australia and the Baltics

[srpactive] 07/4/2022 10:30

C

Thank you, did they update on South America including
Brazil?

tia

[deanowls] 07/4/2022 09:59

Do they have the analysts call on replay?

[coxsmn] 07/4/2022 09:49

Very positive analysts call:
Cheltenham activies up 40% vs 2020
USA strong performance, 24% share in last 3 months and challenging for no1 position
Ontario received 3 licenses
German licensing shortly will force competitors to comply
UK 34% 2 yr growth in activies
UK 20% of total pie this year
Pipeline of opportunities ahead
2022 outlook remains the same

[mip55] 07/4/2022 09:48

Why do they need 350m given the discount they negotiated over the WH purchase?

[srpactive] 07/4/2022 09:00

I would have thought well, no surprises, update on betmgm
which was positive and encouraging with 2023 target.
Market share good, retail recovering which is good and
online as expected.
Brazil will be interesting this year.
I for one am happy with the update.

dyor

[bartyb] 07/4/2022 08:47

Wonder how analysts call will go?

[coxsmn] 07/4/2022 08:29

I expect 888 will still be looking to raise the balance of 350M when their share price is higher.

[coxsmn] 07/4/2022 07:15

Good results in-line with expectations.An analyst call will be held today, Thursday 7 April 2022 at 9:00am (BST).Live audio webcast link: https://brrmedia.news/ENTQ1

[hmonk] 07/4/2022 07:14

Only £150m cash call for 888 in the end, sensible.

Entain posts strong start to the year with Group NGR up 31% (+34% cc1) supported by the return of Retail
· Online net gaming revenue ("NGR") down 8% (-6%cc1) in line with expectations versus strong 2021 comparators

[the white house] 06/4/2022 21:18

888 cash call for Hills predicted for tomorrowLeaking today helped weakness500m to be foundOn Trading update day for entain. Coincidence'

[srpactive] 06/4/2022 15:33

Really getting trousered now, hopefully 7am tomorrow
will be kinder.

dyor

[hmonk] 06/4/2022 15:20

From Oddschecker on LinkedIn - Q1 win margins averaged 2.8%, the lowest since Q1 19 (2.5%), and on a tough comp of 6% suggesting a significant revenue headwind for UK operators. The negative win margin in March was driven by operator generosity during the Cheltenham Racecourse festival where 43% of favourites won (+7ppts vs. norm) and 78% of football matches saw a favourite win (+22ppts vs. norm) with just one Premier League draw.

Rob Wood's comments that Entain saw mid-to-high single-digit gross win margins during Cheltenham vs. 11-12% normally implies impressive trading against this backdrop.

Flutter Entertainment Plc has higher sports exposure in the UK, so Q122 UK trading is likely to have been challenging when also coupled with SG measures. 

oddschecker registrations growth moderated to c+5% y/y vs. +25% in Feb, while Barclays' online gambling deposits data suggests 'punting intensity' declined 18% y/y in Mar, leaving Q1 at -17% y/y, or +37% on a 2yr basis (+38% Q4).

[srpactive] 04/4/2022 20:54

Very good posts all, great knowledge, thank you
from me.

[deanowls] 04/4/2022 17:36

Something to do with the fantasy football. Talked about on legal sports report podcast.

[coxsmn] 04/4/2022 17:15

DK not yet received Canadian approval

[coxsmn] 04/4/2022 07:08

BetMGM Canada is now live.

Entain also owns Avid Gaming including leading Canadian online sports betting and gaming brand Sports Interaction plus Bwin, Partypoker and PartyCasino.

[hmonk] 03/4/2022 19:52

I don’t think BetMGM get to 30% share easily, the grey market operators are all now licensed, Bet365 and Betway are big there. It’s a slow build for the new entrants to chip away at the incumbents.

[coxsmn] 02/4/2022 08:34

https://www.prnewswire.com/news-releases/playcanada-online-casino-revenue-will-dwarf-online-sportsbooks-301515037.html

[coxsmn] 02/4/2022 08:11

Will be back to double digit growth in H2

[italianofacile] 02/4/2022 05:53

The owner of Ladbrokes and Coral is expected to report a slowdown in online growth as the end of lockdown punctures the at-home gambling boom which has boosted profits in the last two years.

Entain, the online and high street gambling firm, will release its trading statement on Thursday April 7 with results from the past quarter.

Last month, it reported double-digit online growth in 2021 for the ninth consecutive year as it profited from bored people locked down during the pandemic.

Expansion in the US further strengthened its position after the relaxation of gambling rules in 2018 ended an era of sports betting prohibition across the country.

But two failed takeover bids in 2021 from US firms MGM and DraftKings could leave investors wondering what the future holds for the gambling giant.

The end of UK lockdowns will see punters returning to high street betting shops, although investors will be keen to see profitable online demand remaining high.

Matt Britzman, equity analyst at Hargreaves Lansdown, said: “Growth has been nothing shy of exceptional, as expansion in the growing US markets brings the business ever closer to profitability.

“For investors, that growth needs to continue, or the higher-than-average valuation could come under pressure.”

The return of a busy sporting calendar this spring offers big opportunities for punters to cash in on bets, with the Grand National, Cheltenham Festival and Formula 1 all likely to help profits for Entain.

Last year, Entain said more than 150,000 customers visited its websites every minute during the Grand National horse race.

Investors will also be hoping the company lays out a robust set to predictions for the rest of the year as the spectre of UK gambling reform once again looms.

Russ Mould, investment director at AJ Bell, warned: “Some shareholders may now be fretting about the outcome of the Government’s review of the 2005 Gambling Act here in the UK, which represents just over one-third of the total group’s business.”

He said much tighter regulation and checking of gamblers’ affordability, losses and maximum stakes could make it much harder for punters to strike a wager in their usual way.

But supporters say the intent is to protect vulnerable people and problem gamblers despite Entain introducing its own range of checks last year.

Analysts at Investec expect Entain to be better protected against regulatory risks than most other companies.

[coxsmn] 31/3/2022 13:16

18 analysts price targetsHigh 2700 Avg 2284 Low 1760

[srpactive] 30/3/2022 15:33

Thank you.

[the white house] 30/3/2022 15:16

Good feedback. 215m and football mad, higher profit levels than gridiron and hoops. region is going into the top 5 in the World (UK, Oz, NY, It, Fr) Legalisation will add to this and in place prior to, what will be a huge Q4 with the World Cup across Nov and December. Top league season 38 games as per premier league but notably double that of regular NFL & Copa Libatadores (like Euros) regSportingbet for entain (Betfair Flutter) Sportingbet already 200m in revenue doubling in last year and with favourable 19% tax major efforts to gain traction will be worthwhile. Estimates of GGR doubling in first year and trebling by 202Massive oppo