“Natural Born Bumhunters” Telegram-channel

partypoker grew 50% in 2020: Entain full-year report

Entain PLC (formerly GVC Holdings) shared its 2020 full-year report, which showed a "strong delivery in a challenging year." Although the focus of the presentation was the US market and the iGaming/Casino business, partypoker also impressed the investors after growing 47% last year.

partypoker grew 50% in 2020: Entain full-year report

Entain in 2020: +28% Online Net Gaming Revenue

In 2020 the world dynamics were deeply affected by the pandemic. Almost all industries struggled to stay alive, but, as many anticipated, online companies managed to keep growing thanks to a new public that was forced to stay home. Although Entain, one of the world's largest gaming companies, also run brick and mortar casinos and bet shops, it showed strong results driven by their online division:

  • Online Net Gaming Revenue +28% at £2.7bn
  • Operating Profit +2% at £530m 
  • Online EBITDA +50% (+£270m) at £804m 
  • Group EBITDA +11% at £843m 
  • Group Profit after tax +187% at £113.8m compared with a loss of £131.2m in 2019 

Entain's online division grew 50% in 2020, almost 95% of the earnings before interest, taxes, depreciation, and amortization. However, due to the COVID-19 impact, the board did not consider it prudent to pay a dividend.

Entain results 2020

How about partypoker?

Poker share on Entain in 2019

We all know that partypoker is just a small branch in the giant Entain is. In the online report, only the Sports NGR, Gaming NGR, and B2B NGR are disclosed; the poker room must be included in the Gaming segment.

  • Sports NGR: £1,196.8m
  • Gaming NGR: £1,534.8m

In the 2019 report, poker represented 4% of the online market; hence we can suppose that with a 50% growth, it's now 8% of the total, about £123m, 3% of the company.

In 2020 partypoker focused on attracting casual players, and according to Entain, this was a key success criterion for the +47% results in the NGR. The first-time depositors almost doubled, and on average, there were 47% more active customers than in 2019, even considering the new regulatory restrictions placed in Germany.

2021 Guidance and prospects

BetMGM on the US Market

2021 will be a challenging year for Entain. The prospect includes a low single-digit growth, mainly affected by the negative impact of German regulation. However, the expansion to Portugal (purchase of bet.pt), Colombia (bwin launched on December 9), and the Enlabs purchase will represent a boost in the profits; also, the company announced a capital expenditure (CAPEX) of £150-160m plus an additional £10m license costs.

The company estimates a $50bn potential in regulated markets where they still don't operate and over $1bn in the E-sports betting market.

BetMGM has excellent results on the US-market, and its strategy to become a leader in the US market is backed by this brand, which has already secured access to 23 markets across 12 states. About online poker in the US, Entain expects to start operating in Michigan and Pennsylvania in early 2021.

Advantages of our affiliate service:

  • VIP rakeback deals
  • Professional support seven days a week.

Reach our team to find out more information:

Telegram: @Timofey_wpd

Skype: Contact

WhatsAppContact

E-mail[email protected]

partypoker logo
partypoker
GVC Network
Good for beginners 50%+ rakeback
Unfortunately deal is stopped at the current moment

Stay tuned on our Telegram channel for more EV+ news

Vargoso 06.03.21
  • Comments (0)
или зарегистрируйтесь, чтобы оставлять комментарии.
Best deal
United States United States

Important Update:
Privacy Policy (GDPR) and T&C

Show more Agree to terms