Close Bottom Menu CLOSE

Why join our Telegram

Telegram
  • list icon EXCLUSIVE Betting Bonuses
  • list icon 24/7 Pre-Match & Live Predictions
  • list icon New Unrestricted Bookmakers
  • list icon €1,000 In Monthly Giveaways
Join Our Community
Telegram

Entain reports 12.2% revenue growth despite 34% decline in Germany

17 Aug 2021

entain-logoWith H1 2021 already over, Entain reports a revenue of £1.77bn. That is a 12.2% growth despite a 34% drop in revenue from Germany because of the country’s online gambling regulation overhaul.

Challenges Couldn't Stop Entain Profits

Entain, sees an increase of 10.2% from what was noted as a “strong prior year comparative”; since, of the total revenue, £825.9m came from iGaming. That growth would have been 28% if not for Germany, where the strict new regulations have impacted the operators’ ability to bring in revenue. It is also worth noting that £751.1m came from sports betting, a growth of 55.4% due to the return of a full sporting calendar.

This is what Jette Nygaard-Andersen, Entain’s CEO, had to say about the results: “Entain’s platform continues to deliver. The quality and diversification of our businesses have enabled us to deliver our 22nd consecutive quarter of double-digit online growth while also making excellent progress on our strategic priorities.”

“This performance is not only a result of our industry-leading technology but also the hard work and dedication of our talented teams of people around the world, and I would like to take this opportunity to thank them,” she added.

After accounting for discontinued operations, taxes and numerous other expenses, Entain’s final profit was £194.2m, which was 129.9% more than in 2020.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY
Tyson Fury vs Oleksandr Usyk Odds Featured Image

After a long wait, the boxing world is finally on the verge of crowing the first undisputed heavyweight champion since 1999, when Lennox Lewis took do...

Read more »

Conor McGregor Partners with Duelbits Featured Image

On May 13th, 2024, Duelbits, a leading site in crypto gambling, issued a press release to announce that it has partnered with MMA legend Conor McGrego...

Read more »

EveryMatrix Record Net Revenue in Q1 Featured Image

EveryMatrix announced that the company achieved a record €39 million in revenue in the year’s first quarter. This constitutes a stunning 66% inc...

Read more »

Conor McGregor Next Fight Odds Featured Image

After a nearly three-year absence, Conor McGregor will fight Michael Chandler in UFC 303 on June 30th. UFC president Dana White announced the clash, w...

Read more »

ΝΒΑ Investigates Raptors’ Center Jontay Porter for Betting Irregularities Featured Image

The Raptors Center became unavailable for March 25th’s clash against the Brooklyn Nets. The NBA intervened, and Porter sat out until the league ...

Read more »

Next Liverpool Manager Odds: Who Will Succeed Jurgen Klopp? Featured Image

Jurgen Klopp’s announcement that he will leave Liverpool at the end of the season shocked the football world. The German will depart from Anfiel...

Read more »

1xBet Announces Biggest Wins for 2023 Featured Image

It’s no secret that many players prefer Accumulator bets. The chance of winning huge sums of money with relatively small stakes is unmatched. To...

Read more »

Betting Odds On Formula 1 2024 Season Featured Image

Formula One is back for its 75th season, and the calendar starts with the Bahrain Grand Prix on March 1-3, 2024. After a record-breaking year with 19 ...

Read more »

UFC 298 Odds & Preview: Volkanovski vs Topuria Featured Image

One of the biggest UFC events of the year takes place on Saturday, February 17 at the Honda Center in Anaheim, California. UFC 298, starting at 23.00 ...

Read more »

Drake Loses $700k In UFC Fight Betslip Featured Image

Canadian rapper Drake’s curse continued as he lost $700k after placing a bet on UFC’s 297 main event fight of Sean Strickland vs Dricus Du Pless...

Read more »

LATEST BOOKMAKER PROMOTIONS
bookmaker banner
bookmaker banner