The company noted that the impact of regulatory implementation has adversely affected the UK & Ireland markets in particular.
The report also revealed positive results for BetMGM with revenues increasing by 2% and the operator claiming a 14% market share in the iGaming and sports betting markets it currently operates in.
No exact revenue figures were released in its trading update.
Q1 2024 Highlights
- UK & Ireland NGR – down 7%
- Online UK & Ireland – down 9%
- Retail UK & Ireland – down 6%
- International – down 2%
- Int. Online – down 1% Entain Q1 2024 Trading Update Reveals Revenues Down by 3%
- CEE – up 11%
- CEE Online – up 11%
- CEE Retail – up 9%
- BetMGM – up 2%
- Group NGR – down 3%
Stella David, Interim CEO of Entain, commented:
“Our Q1 performance was in line with our expectations, with growth reflecting both strong performances in many of our markets as well as known challenges in others. We are particularly encouraged by the level of customer engagement in the US following a successful Super Bowl and March Madness, as well as our return to growth in Brazil following the changes we implemented.
Entain Q1 2024 Trading Update Reveals Revenues Down by 3%
