Entain reported a largely in line top line but above consensus profit numbers, driven by the solid showing in online, which offset the retail weakness. The board has suspended the dividend, in order to preserve liquidity, for what could be an heavy M&A year in 2021 (net debt/EBITDA at 2.1x).
Importantly, BetMGM has made considerable progress (+59% revenue, +7pp market share) across the all-important US market and could be in for another blockbuster year in 2021.
04 Mar 2021
Online drives FY20; BetMGM set for big 2021
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Online drives FY20; BetMGM set for big 2021
Entain PLC (ENT:LON) | 834 110 1.6% | Mkt Cap: 5,327m
- Published:
04 Mar 2021 -
Author:
Virendra Chauhan -
Pages:
3
Entain reported a largely in line top line but above consensus profit numbers, driven by the solid showing in online, which offset the retail weakness. The board has suspended the dividend, in order to preserve liquidity, for what could be an heavy M&A year in 2021 (net debt/EBITDA at 2.1x).
Importantly, BetMGM has made considerable progress (+59% revenue, +7pp market share) across the all-important US market and could be in for another blockbuster year in 2021.