Entain Progress in Sustainability

Since exiting all unregulated markets, Entain took a dip in revenue. However, growth continues with strong progress in sustainability. (Photo by Photo by Paula Prekopova on Unsplash)

Entain, the global sports betting and gaming group, released its highly anticipated 2022-23 Environmental, Social, and Governance (ESG) report, showcasing its commitment to sustainability and responsible practices. The report highlights the company’s achievement of significant milestones and its industry-leading approach to ESG-related matters.

One of the report’s key takeaways is Entain’s exclusive focus on regulated markets.

In 2022, Entain announced exits from all unregulated markets. Since then, the London Stock Exchange firm has generated 100% of its revenues from domestically regulated or regulating markets.

That’s an impressive feat that showcases the gambling entertainment firm’s commitment to compliance and responsible operations. Entain’s presence spans 40 jurisdictions, with 30 countries holding domestic licenses and 26 North American markets. It has also solidified its position as a top-three operator in the United States.

Entain’s Sustainability Charter, built on four core principles, underscores the company’s responsible betting and gaming initiatives. The proprietary Advanced Responsibility & Care (ARC) player protection program has been successfully implemented across 22 international markets, ensuring safer gambling environments for customers. Moreover, Entain has increased its contributions to Research, Education, and Treatment (RET) to 1% of Gross Gambling Yield (GGY) in 2023, further reinforcing its commitment to ethical gaming practices.

CEO Jette Nygaard-Andersen said: “We have continued to make great strides in setting industry standards for ESG across all our operations.” Nygaard-Andersen emphasized the company’s dedication to providing a safe betting and gaming platform, supporting local communities, reducing environmental impact, and ensuring a positive work environment for employees”.

Commitment to Diversity and Corporate Governance

Entain recognizes the importance of diversity and inclusion at all levels of its organization. The report proudly states that 33% of the company’s board members are female, demonstrating a commitment to gender equality. Additionally, Entain has introduced its first-ever Board Diversity Policy, further highlighting its dedication to fostering diversity and equal representation within the company.

Environmental Initiatives

With an aim to mitigate climate change, Entain has committed to achieving net-zero carbon emissions by 2035. This ambitious target will be verified by the Science-Based Targets initiative (SBTi), ensuring the company’s environmental commitments align with scientific standards. The company’s investments in grassroots and community sports through the Entain Foundation showcase its community-focused approach and dedication to making a positive impact beyond its core business.

Metric Q1 2023
Revenues from regulated markets $X
Number of jurisdictions 40
Domestic licenses held 30
Market share (BetMGM) 18%
Market share (iGaming) 30%
Female representation on the board 33%
Employee compliance training completion rate 93%

Keeping the gambling industry safe: Some of the top online casino operators such as 888 Holdings, Playtech, Rootz and LeoVegas AB (owned by Ceasars Entertainment) are all working on sustainability – you will find these platforms on our safe online casino games platforms page.

Positive Progress and Sustainable Growth Ahead

Entain’s figures and ESG report illustrate the company’s dedication to sustainable growth and responsible business practices. With a focus on regulated markets, strong female representation on the board, and successful player protection initiatives, Entain has positioned itself as a leader in the industry. The company’s commitment to reducing its environmental impact and fostering community engagement further strengthens its positive reputation.

More about Entain: You can read more about the company via our iGaming companies on the stock market report. This shows bi-weekly stats covering share prices.

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