Entain

Forecast update and Entain Sustain takeaways

  • Sectors : Gaming
  • Companies : Entain

Ratings and price correct at time of issue.

  • Entain

    Closing Price: 1356p

  • RATING 13/12/17

  • PREVIOUS RATING N/A

DAVY VIEW

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.

Download full report with analyst certification and important disclosures

Nov 11 2022, 11:55 GMT

Download