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Nov 11 2022, 11:55 GMT
Entain delivered a Q3 update broadly in line with our expectations. The US performance was strong, and BetMGM continues to consolidate its position as a podium player, particularly in iCasino. We take a more cautious approach to underlying Online growth in 2023. In the coming months, the regulatory picture should become clearer in a number of key regions – including Brazil, Netherlands, UK and Germany – giving better visibility on medium-term growth rates. We retain our ‘Neutral’ recommendation.
Nov 11 2022, 11:55 GMT