Tag Archives: BetMGM

DraftKings remains confident in potential buyout after Entain extension

DraftKings has maintained confidence in a potential £20 billion buyout of Entain, after the latter extended its ‘Put Up or Shut Up’ deadline yesterday, requesting clarification on a number of issues relating to the transaction. The FTSE100 gambling group has pushed the deadline forward to 16 November 2021, requiring the US sports betting and fantasy sports operator to make a …

Read More »

Entain extends DraftKings deadline but warns of definitive deal duties

Entain Plc has extended its ‘put-up or shut-up’ deadline to DraftKings, as investors of the FTSE100 gambling group demand that its US suitor put definitive terms on its $20 billion acquisition bid. In an official announcement this afternoon, the gambling group detailed that it requires ‘a number of matters to be satisfactorily resolved ‘by no later than 5.00pm on 19 …

Read More »

Entain maintains 2021 growth despite Deutsche and KOA drags

Entain Plc has continued to match its corporate growth against high expectations, with the FTSE100 gambling group citing progress on all 2021 corporate objectives. Publishing its Q3 trading update for the three month period ended 30 September, Entain recorded a 4% increase in group net gaming revenues when compared to Q3 2020 Registering a 10% increase in NGR for the …

Read More »

Hornbuckle hints at full BetMGM acquisition dependent on Entain’s future

MGM Resorts CEO, Bill Hornbuckle, has hinted at a potential buyout of BetMGM, currently co-owned and operated with Entain, dependent on the possibility of the latter’s acquisition by DraftKings. As reported by Bloomberg, Hornbuckle made the comments whilst speaking at the Global Gaming Expo casino industry event and in a separate interview, highlighting ‘a lot of ways’ for a potential …

Read More »

DAZN appoints Ian Turnbull to oversee sports betting operations

Subscription sports streaming service DAZN has appointed former Entain executive Ian Turnbull as its new EVP of Betting and Gaming, as the firm looks to increase its engagement with the sector.  Turnbull’s career in the betting and gaming space saw him work as Microgaming’s Services Director, and most prominently as Head of B2B at Entain – prior to its rebrand …

Read More »

Playtech sees 4% revenue fall but maintains confidence in B2B success

Playtech Plc has highlighted a ‘very strong performance’ for its B2B verticals throughout the first half of 2021, achieving objectives across three continents, despite experiencing a 4% decline in revenue.  Informing stakeholders in its interim trading report and following on from its July update, the FTSE 250 gaming technology group detailed that total revenue had fallen to €457.4 million (H1 …

Read More »

Jette Nygaard-Andersen: Gambling must learn to champion its customers

Jette Nygaard-Andersen has underlined that global gaming leadership must accept its remit in maintaining a sustainable industry as a “common-sense goal” as incumbents face a decade of new challenges. The Group CEO of Entain Plc provided the keynote speech, opening the SBC Barcelona Summit, as Entain was placed at the forefront of global news headlines following a $22 billion approach …

Read More »

SBC Leaders membership expands ahead of SBC Summit Barcelona

SBC Leaders has grown to 60 member companies ahead of its biggest meet-up to date, at this month’s SBC Summit Barcelona conference and exhibition. PAF, Apuesta Total, Nederlandse Loterij, Slots Million, Adjarabet, Retabet, BetWarrior, and the Ukrainian Gambling Council are among the new members of the exclusive group for international betting and gaming operators and operator associations. The membership has …

Read More »

Dan D’Arrigo joins Gambling.com to oversee auditing and nominations

Dan D’Arrigo has joined the Board of Directors at Gambling.com, conducting oversight of its auditing, nominations and governance. His appointment became effective following the firm’s successful completion of an initial public offering on the Nasdaq Global Market on 27 July. The new appointee will serve as Chairperson of the Nominating & Governance Committee and as a member of the Audit …

Read More »

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 …

Read More »