Tag Archives: coral

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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MGM confirms ‘compelling’ proposal for Entain shares

US casino giant MGM Resorts International has confirmed that it has proposed a merger with its US sports betting and igaming partner Entain plc, but has refused to say if a firm offer to acquire the company will follow. It has also been confirmed that the offer consists of 0.6 MGM shares for each Entain share, representing a value of …

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Entain says £8bn MGM Resorts offer ‘significantly undervalues’ company but asks for more information

Diversified Entain rides out 2020 retail storms

Responding to press speculation, the Board of Entain has confirmed that it has received proposals from its US partner MGM Resorts International (MGMRI) concerning a possible offer for the company, but has quickly poured cold water on any deal being agreed in the short-term. Reports emerged in the Wall Street Journal yesterday that MGM had made a fresh approach for …

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MGM Resorts makes moves to acquire Entain Group

US casino giant MGM Resorts is attempting to acquire the Entain Group, the new name for the recently rebranded GVC Holdings, according to the Wall Street Journal. Entain operates several global gaming brands, including Ladbrokes, Coral, Bwin, PartyPoker , SportingBet, Gala Bingo, Eurobet and Betboo, but is already a partner with MGM in the burgeoning US sports betting and gaming …

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Ladbrokes and Coral up in-store digital engagement with Racing Post BSDs

Racing Post BSD

Ladbrokes and Coral have agreed to install the new interactive Racing Post Digital Betting Shop Display (BSD) in eight of their stores across the UK and Ireland. The decision, which Ladbrokes and Coral hope will help create ‘the betting shop of the future’, comes after the operators shift away from print newspapers in store, replacing form sheets with digital displays. …

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GVC faces a cold autumn as retail closures forecast £37m losses

GVC Holdings has communicated that the UK government’s imminent four-week lockdown will cost the FTSE100 company an estimated £37 million.  Issuing a market update, GVC provided EBITDA impact estimates on retail closures that have been confirmed and sanctioned across England and Europe during the past week.  Should current conditions remain, in which England’s non-essential businesses are required to temporarily close …

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Coral highlights football’s social value with ‘Sunday League’ 

Coral has launched its new nationwide campaign ‘Sunday League’ celebrating Britain’s passion for football and its importance to all communities.     The campaign sees Coral continue its work with new creative advertising agency, Bartle Bogle Hegarty (BBH London) who at the start of 2020 took over the bookmaker’s account to refresh Coral’s brand image. Sunday League follows Coral’s ‘At the Races’ …

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GVC absorbs retail shocks as business recalibrates for critical H2 trading

GVC Holdings stated that it is ‘well placed to balance the year’, as the FTSE100 company absorbed significant retail shocks across its UK and European units, readjusting its full-year EBITDA outlook to £720m-£740m range (dependent on further COVID-19 outcomes). Publishing its interim results for the six month period ended 30 June 2020, GVC noted that the closure of its Ladbrokes …

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SportCaller teams up with Coral for Racing Super Series launch

Free-to-play (FTP) sports-game provider SportCaller has extended its partnership with Coral after the duo confirmed the launch of the new Racing Super Series game. The game, which ‘delivers a fresh twist on the classic Placepot’, will give punters the chance to share in a minimum £25,000 jackpot by picking a horse to finish in the places across the first six …

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Workforce wellbeing leads GVC Holdings retail reopening 

As it plans to reopen its retail betting venues on Monday 15 June, GVC Holdings has published its ‘comprehensive plan’ of actions and requirements to ensure safety standards across all Ladbrokes and Coral estates.  Leadership of the FTSE100 betting group stated that its reopening plan has been designed ‘to exceed the guidelines’ set by the UK government and World Health …

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