Global sports betting and gaming group Entain<\/strong> reported its H1 results on Tuesday, beating expectations with total EBITDA up 32%.<\/p>\n Total net gaming revenue (NGR), including the company\u2019s 50% share in BetMGM<\/strong>, was up 7% year-on-year, 10% when adjusting for currency fluctuations.<\/p>\n Significant sporting events, including the soccer Club World Cup and Women\u2019s European Championships, and major tennis tournaments, contributed to growth. The company has outlined key sporting events as drivers, and it is unlikely that any esports tournaments make up a significant proportion of wagers taken by the gambling behemoth.<\/p>\n A report<\/a> from supplier Kambi<\/strong> recently showed that esports was the fifth-largest sport for betting volume this quarter, although Entain has not placed much emphasis on the vertical in recent years.<\/p>\n The company shuttered its esports-facing brand Unikrn<\/strong> in 2023, months after the acquisition of Sportsflare<\/strong>. Although the company emphasized that esports remained a key strategic pillar, there has been little movement in recent years.<\/p>\n Image Credit<\/strong>: Unsplash\/Alexander Grey<\/p>\n<\/div>\n In the first half of the year, Entain had a change in leadership with Stella David<\/strong> replacing Gavin Isaacs<\/strong> in February. Isaacs lasted only five months in the role, but the company may have found some stability in David, who was appointed on a permanent basis in April.<\/p>\n She had previously served as CEO on an interim basis before Isaacs\u2019 appointment, taking the place of Jette Nygaard-Andersen<\/strong> amid mounting criticism.<\/p>\n On the results<\/a>, David commented: \u201cI am delighted by the ongoing momentum and strong performance that both Entain and BetMGM have delivered in H1 2025. Entain\u2019s transformation journey is well underway, gathering pace, and is supported by our high-quality portfolio of iconic brands with podium positions in attractive markets.<\/p>\n \u201cOur business is getting stronger, fitter and faster, with these results reinforcing our confidence in driving sustainable underlying growth and generating more than \u00a30.5bn of cash annually in the medium term.\u201d<\/p>\n BetMGM was a standout performer for Entain this year, increasing its revenue by 35%. Based on its performance, the company upgraded its FY25 outlook, noting there was a \u201cclear path to $500m EBITDA and beyond.\u201d<\/p>\n Overall, the gaming group is targeting EBITDA in the range of \u00a31.1 billion to \u00a31.15 billion (roughly $1.5 billion).<\/p>\n BetMGM is expected to expand into newly regulated markets in the US as Missouri becomes the latest state to legalize sports betting later this year.<\/p>\n Additionally, the newly regulated market in Brazil has been an area of growth for Entain. Net gaming revenue was up 21% in the region, which Entain stated is \u201cperforming in line with expectations in a highly competitive, newly regulated market.\u201d<\/p>\n Tax increases in the UK could lead to the company increasingly targeting international markets. David played down concerns about any rise in rates, stating, \u201cOf course, we don\u2019t want to see taxes go up in the UK, but we have this fantastic [global] portfolio business.\u201d<\/p>\n The company could target new regions in the future, with Korea pushing to create an esports betting platform<\/a>. Expansion of betting in Korea could open up the market, which is currently restricted to the state-operated sportsbook Sports Toto<\/strong>.<\/p>\n<\/p><\/div>\n![\"Soccer](\"https:\/\/www.esports.net\/wp-content\/uploads\/2025\/08\/alexander-grey-8lnbXtxFGZw-unsplash1-300x200.jpg\")
<\/p>\nTransformation Journey Well Underway, Says CEO<\/h2>\n
Entain Targets Brazil and US As Tax Increases Loom in UK<\/h2>\n