Tag Archives: bet.pt

Entain hits peak online momentum as leadership launches £100m innovation programme 

Jette Nygaard-Andersen takes charge of Entain as new CEO

Entain Plc has lauded its diversified business model as the FTSE100 gambling group achieved 22 consecutive quarters of double-digit online growth.  Publishing its interim 2021 trading results (period ending 30 June), Entain registered group revenues of £1.79 billion, up 11% on corresponding 2020’s results of £1.61 billion. Period growth was attributed to improved online trading across all markets (except Germany), …

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Entain upgrades 2021 expectations reaping sports growth benefits 

Jette Nygaard-Andersen takes charge of Entain as new CEO

The board of Entain Plc has lifted the firm’s full-year EBITDA guidance to be in the range of £850-to-£900 million, citing a strong H1 performance. This morning Entain published its interim trading update, registering total group revenues up 11%, as the FTSE100 gambling group updates investors on its UK retail reopening and international expansion projects. Headline results, saw Entain declare …

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Betano to challenge Liga Portugal contract break-up 

Kaizen Gaming’s Betano sportsbook subsidiary has taken legal action against Portugal’s Professional Football League (LPFP) in light of not securing the naming rights of Liga Portugal.  Betano had been favourites to replace telecom operator NOS as title sponsor of Liga Portugal, having agreed terms with the LPFP on a four-year sponsorship deal valued at €5.5 million per season. However, last …

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Entain launches shared ownership initiative

Entain has launched its ShareSave shared ownership plan, enabling over 22,500 to participate and acquire shares in the company as it expands globally. The group operates over 2,885 Ladbrokes and Coral high street bookmakers across the UK and Ireland, and over 14,000 people employed at these venues can apply to join the shared ownership scheme. Employees can join by making …

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Entain readies for full unit comeback as lockdown impacts Q1 trading

Jette Nygaard-Andersen takes charge of Entain as new CEO

Entain Plc has stated confidence in achieving its 2021 growth objectives, despite COVID-19 restrictions hampering the performance of its Ladbrokes Coral retail unit.  Publishing its Q1 trading update, Entain reports a 13% decline in group net revenues, attributed to its restricted retail unit, which recorded a 99% decline in NGR as ‘almost all estates were closed during the quarter’. The …

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Enlabs acquisition drives Entain’s international expansion

Entain’s acquisition of Swedish iGaming operator Enlabs AB and Portuguese online sportsbook Bet.pt has driven a 30% expansion in its international operations. A leading operator in the Baltic region, the Enlabs acquisition has enabled Entain to enter this market for the first time in its operating history via the Optibet brand. Enlabs is a market leader in Latvia, the second …

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International expansion assists Entain with COVID-19 comeback

Jette Nygaard-Andersen takes charge of Entain as new CEO

Entain Plc has swung back into the black with the group’s expansion into regulated markets along with its pivot towards online betting offsetting the impact that COVID-19 has had retail operations. Publishing its full-year results for the period January – December 2020, Entain declared revenues of £3.56 billion, a ‘flat’ change from the £3.57 billion recorded in 2019. Underlying EBITDA …

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Diversified Entain rides out 2020 retail storms

Diversified Entain rides out 2020 retail storms

Entain plc has lauded its ability to maintain a strong trading momentum in Q4 2020, with its diversified portfolio being attributed as a key driver for growth.  Delivering its 20th consecutive quarter of growth, Entain has projected that full-year net gaming revenues (NGR) will grow by 27%. Closing 2020 trading on a high, the FTSE100 group delivered double-digit NGR growth …

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GVC eyes Portuguese top spot with Bet.pt takeover

GVC Holdings has confirmed that it will return to Portugal by acquiring online sportsbook Bet.pt for an undisclosed sum.  The FTSE100 betting group announced its latest acquisition as part of its Q3 2020 trading update, which saw GVC increase full-year EBITDA guidance to the £770-790 million range following a rapid recovery across all core regulated marketplaces. In its trading statement, …

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GVC ups 2020 forecasts following rapid recovery across all core markets

GVC Holdings has predicted that its earnings for the year will be £50 million ahead of previous expectations, as online wagering continues to drive the operator’s performance. Publishing its Q3 trading update for the period 1 July to 30 September 2020, GVC reported that it had achieved its ‘nineteenth consecutive quarter of double-digit online growth’, with total online net gaming …

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