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12 August 2021 Strong first half performance with continuing momentum across the Group Entain plc ( LSE : ENT ) , the global sports - betting , gaming and interactive entertainment group , today reports its Interim Results for the six - month period ending 30 June 2021 ( " H1 " ) . Financial highlights ● ● ● ● ● ● ● Strong performance across H1 , reflecting the Group's robust and diversified business model Total Group net gaming revenue ( " NGR " ) growth of 11 % ( + 11 % cc²¹ ) O O O O Entain plc ( " Entain " or the " Group " ) O O Online NGR up 28 % ( + 27 % cc¹ ) , driven by strong underlying performances in all key markets , a full sporting calendar and longer lockdown restrictions in retail 22nd consecutive quarter of double - digit Online growth BetMGM ( the Group's joint venture in the US with MGM Resorts ) continues to perform strongly and is well positioned for further success in H2 H1 NGR of $ 357m O Online NGR was up 38 % cc¹ excluding Germany where the new regulatory regime is impacting the market Retail NGR down 46 % ( -46 % cc¹ ) reflecting estate closures through much of the period offset by encouraging early trends as shops re - open O Number two operator for sports - betting and iGaming across the US with 22 % ².3 market share Number one operator in iGaming , extending leadership with 30 % .³ market share As announced on 21 April , total combined investment in BetMGM by joint venture partners expected to be $ 660m by the end of 2021 Group EBITDA67 up 12 % at £ 401m Operational highlights New efficiency programme launched to reduce costs and support investment in innovation and growth : O Investment in innovation of c . £ 100m over three years O Cost - savings totalling £ 100m expected in FY23 O Net cash benefit of £ 75m per annum from FY23 onwards Acquisitions of Enlabs in the Baltics and Bet.pt in Portugal completed Ongoing commitment to ESG with further advances made across our Sustainability Charter Group profit after tax for continuing operations £ 91m , up £ 69m Full year Group EBITDA6,7 , ⁹ , upgraded on 8 July 2021 , expected to be in the range of £ 850m to £ 900m Net Debt of £ 1,951m at 30 June 2021 , with net debt to EBITDA ratio of 2.2x following an active M & A programme and increased investment in BetMGM Successful renewal of a five year £ 590m Revolving Credit Facility ( " RCF " ) and a new $ 1,125m First Lien Term Loan B refinancing O Reinforces balance sheet strength at favourable terms and a more balanced maturity profile O Increased liquidity for corporate activity and investment 1