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Entain ends 2022 on a strong financial note9 March 2023(PRESS RELEASE) -- Entain plc, the global sports betting, gaming and interactive entertainment Group, is pleased to announce its results for the year ended 31 December 2022. Key highlights:
“We have a business model that is truly diversified across more than 40 territories, a platform that gives us demonstrable competitive advantages, and a total commitment to providing our ever-broadening customer base with a safe environment in which to enjoy our products and services. These factors, combined with the strong underlying momentum across our business, mean that we continue to look to the future with confidence.” Dividend: In line with the dividend policy announced with the H1 Results in August 2022, the Board proposed a total dividend for 2022 of £100m. This is to be paid to shareholders in equal instalments with H1 and FY results. As such, a second interim dividend of £50m (8.5p share) will be paid to shareholders on 27 April 2023. Outlook: The Group has delivered strong 2022 results, reflecting the diversity and scale of the business, and the strength and competitive advantage of our unique platform. As we look to 2023, while we continue to face some regulatory headwinds, we remain excited by the opportunities ahead. As we continue to deliver on our strategy, we will provide customers with even more innovative and engaging moments of excitement, and drive further diversification through geographic expansion, product development and a broader customer base. We have started 2023 with positive underlying momentum and we remain confident in our long-term strategic prospects. Notes: 1. 2022 and 2021 reported results are audited and relate to continuing operations 2. Growth on a constant currency basis is calculated by translating both current and prior year performance at the 2022 exchange rates 3. EBITDAR is defined as earnings before interest, tax, depreciation and amortisation, rent and associated costs, share based payments and share of JV income. EBITDA is defined as EBITDAR after charging rent and associated costs. Both EBITDAR and EBITDA are stated pre-separately disclosed items 4. Stated pre-separately disclosed items 5. Adjusted for the impact of separately disclosed items, foreign exchange movements on financial indebtedness and losses/gains on derivative financial instruments (see note 6 in the financial statements. EPS is also disclosed excluding BetMGM as this gives a better view of the EPS attributable to the Entain trading businesses) 6. BetMGM guidance on 2022 NGR of over $1.3bn, as stated at Business Update on 19 January 2022 7. BetMGM revenues comprise of sports (Online and Retail) and iGaming revenues 8. Three month period to December 2022, in markets in which BetMGM operates, excluding AZ as yet to report 9. Retail performance numbers are quoted on a LFL basis and also excludes the post acquisition performance of shops in Croatia Note: Retail operates in U.K., Italy, Belgium, Croatia and Republic of Ireland. During 2022, there was an average of 4,310 shops in the estate, compared to an average of 4,540 in the same period last year.
Entain ends 2022 on a strong financial note
is republished from iGamingNews.com.
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