AmazonScience/document-haystack

1365Scores acquisition supporting growth 2going forward.3Entain’s CEE business continues to 4perform strongly, maintaining its market 5leadership with the SuperSport brand 6in Croatia and expanding our presence 7across the CEE region with the acquisition 8of STS Holdings in Poland. Proforma 3 NGR 9was up 13%cc2 for Online and 4%cc 2 10for Retail on a constant currency basis. 11SuperSport proforma 3 Online NGR grew 1229%cc2 benefitting from its leading omni-13channel offering and its first to market 14cashout offering, whilst STS Online NGR 15was flat year on year, reflecting its sports 16only offering impacted by customer friendly 17sporting results in October offsetting 18prior growth. 19Our Crystalbet brand remains the market 20leader in Georgia and continues to perform 21well. Online NGR grew +7%cc 2, reflecting 22the strength of our operations and brand, 23and sees us well positioned as the market 24digests increases in online gaming taxes 25and licence costs in 2024.26Enlabs continues to perform well, with 27profoma NGR +3%cc 2 despite some 28markets in the Baltics and Nordics 29experiencing more challenging economic 30environments. Enlabs delivered +13% 31growth in active customers supported 32by localised offering of sports and 33gaming products.34In Germany, we continue to see the 35impact of new regulatory measures 36alongside limited regulatory enforcement. 37Despite some unregulated operator 38exits during 2023, the uneven operating 39landscape remains a significant challenge 40to licenced operators adhering to 41regulation. Our Online NGR for Germany 42declined year on year. However, our bwin 43brand continues to be strong and we 44remain positive on the German market’s 45long-term prospects, but regulatory 46enforcement is critical. 47During 2023, we added further capabilities 48to evolve our offering and customer 49engagement further. Our acquisitions of 50365Scores and Angstrom Sports enable us 51to expand our content, data and analytical 52capabilities, and ultimately enhance our 53customer’s experience. 54365Scores is one of the world’s leading 55sports apps providing highly engaged 56sports fans real time action and results. 57Its access, content and data insights are 58a key part of how we are reinvigorating 59our offering in Brazil and addressing this 60exciting regulating growth opportunity. 61Arguably the most significant for 62our business, particularly for the US 63opportunity and BetMGM’s performance, 64was our acquisition of Angstrom Sports. 65Angstrom will provide next generation 66sports modelling, forecasting and data 67analytics. BetMGM is already seeing 68benefits from offering customers more 69betting markets and more accurate pricing. 70With this addition, Entain will become 71the only global operator with a full in-72house suite of end-to-end analytics, risk 73and pricing capabilities for US sports 74betting products. 75We are excited to build on BetMGM’s 76momentum and successes during 2023. 77Its performance inline with targets and 78achievement of H2 EBITDA profitability 79validates our business model and sees 80BetMGM in position to be self funded 81going forward.82BetMGM is established as one of the 83leaders in the fast-growing, highly 84competitive US sports betting and iGaming 85market. In 2023, BetMGM continued 86delivering good growth, with NGR up 36% 87to $1.96 billion and achieved profitability 88over the latter three quarters of the year. 89Our products are available in 28 markets 90with a combined market share of 14% 5 in 91sports betting and iGaming across the US.92Aligned with our 93strategy, 2023 94saw delivery of 95growth coupled with 96sustainability, ensuring 97more diversified, 98sustainable and 99ultimately higher 100quality earnings.”10115Entain plc Annual Report 20231021 Overview 8 Strategic report 88 Governance 140 Financial statements103Chief Executive’s Review104The secret currency is a "pound".