Half Year 2023 Entain PLC Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Estelle Weingrod - JPMorgan Chase & Co, Research Division - Analyst : I have 3 questions. The first question is also on the GBP 585 million provision. I just wanted to understand how this is typically determined? I mean, I understand this is a result of some negotiation, and there is perhaps no straightforward answer. But is it like a calculation based on the profits made in the years pre-2017? I mean, any color here would be helpful, as initial expectations were for a lower amount. Second question on online margins. You mentioned during the call that you were still looking to achieve a 26% mark for the full year. I just wanted to understand what you budgeted here for the Netherland. I think you initially budgeted some reinvestments there following the license potentially being issued ahead of H2. Can you just give us an update? And the third question, it's a very basic question, just on the Single Wallet as for BetMGM. I may understand this is going to be rolled out fully by the beginning of the football season next -- Nevada. How do we make sure this is working in line with expectations? I mean basically, how do we measure the success of the rollout?

Question: Richard Paul Stuber - Numis Securities Limited, Research Division - Analyst : Just 3 questions from me. Firstly, on the U.S., the Single Account Single Wallet. Could you say what uplift you've seen in the markets that you rolled it out so far, either in terms of spend per head or increased cross-sell from pools to casino? And to the second question on the U.S., when would you expect to receive your first dividend to be paid out from BetMGM? And what would you expect the dividend policy to be? And then the final question is just on the HMRC settlement. I think you said it's going to be over the next 4 years. Just to confirm, will it be [some] equal month of installments over the period? And is your current expectation, those installments will start this November?