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Entain Says, '23rd Consecutive Quarter Of Double-digit Online Growth'; Backs Guidance

Entain plc (ENT), a global sports-betting and gaming entertainment group, on Tuesday announced net gaming revenue growth of 4 percent for the third quarter ended 30 September 2021, primarily driven by the online net gaming revenue growth of 10 percent. It also announced that the quarter would be the 23rd consecutive quarter of double-digit online growth.

BetMGM delivered strong growth, with a 23 percent market share across the US in sports-betting and iGaming for the three months to August.

The company also announced continued progress on ESG initiatives under its Sustainability Charter.

The company has announced that it expects the FY2021 Group EBITDA to be in line with previous guidance of between 850 million pounds and 900 million pounds.

Shares of Entain closed Monday's trading at $28.86, down $0.25 or 0.86 percent from previous close.

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