Last Thursday, Entain Plc published its full-year accounts revealing the scars of a problematic 2023. The long-awaited results of the FTSE100 gambling group left no place for hiding as leadership declared corporate losses of £900m. Though leadership maintains that dire 2023 results were down to legacy failings, under the bonnet, the year-end accounts detailed growing concerns across all markets including …
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Entain Plc has notified stakeholders of major share purchases initiated by leadership and board members as a sign of confidence in the long-term prospects of the FTSE100 gambling group. A notification of share transactions on 8 November detailed that Chairman Barry Gibson had purchased 93,600 Entain shares. The transaction, valued at approximately £870,000, sees Gibson increase his personal shareholding in …
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The All-In Diversity Project (AiDP) has completed an industry-specific research collaboration in partnership with Entain Plc, Flutter Entertainment, and Stats Perform, examining the participation of women in sports betting. The industry non-profit, focused on workplace diversity, inclusion, and equality (DIE), has published the findings of its report titled “Breaking Barriers: Assessing Women’s Sports, Betting, and Integrity Challenges”. The study was …
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Entain Plc remains confident of its growth strategy and product diversification across new and established markets in 2023, after achieving broad revenue growth last year. The FTSE100 international gambling group revealed this morning that in total it achieved revenue growth of 12% in 2022 to $4.3bn (2021: $3.8bn), driving a 11% uptick in gross profit to $2.7bn ($2.4bn). Accompanying this …
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Formula 1 (F1) has registered a ‘huge surge in popularity’ with sportsbook punters according to data by Entain Plc. Providing insights on F1 markets between 2018 and 2022, Entain detailed that the total number of customers betting on F1 had increased by 50%, with F1 wagering growing approximately 30% each season. F1’s growing popularity with betting audiences coincides with the …
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Entain Plc has disclosed its plans to become the leading Central and Eastern European betting business by launching a new venture, ‘Entain CEE’. As announced this morning in the FTSE100’s gambling group’s H1 2022 Interim results, Entain has agreed to acquire a majority stake in leading Croatian betting group SuperSport for €600m. The deal will see Entain acquire a 75% …
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The board of LeoVegas AB has ‘unanimously recommended’ to investors an SEK 61 (€5.90) cash-per-share takeover offer submitted by US casino and entertainment group MGM Resorts. Publishing deal terms this morning, LeoVegas has advised shareholders to accept MGM’s offer, which has placed a 44% premium on the firm’s SEK 42.3 (€4.10) closing price on the Stockholm Nasdaq as of Friday, 29 …
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Playtech has launched an exclusive live gaming show ‘Well Well Well’ for Ladbrokes, the flagship UK property of FTSE100 gambling group Entain Plc. Live-streamed from Playtech’s state-of-the-art studio in Riga, Latvia, the offer has been cited by the firm as one of its ‘most complex bespoke games developed to date’ for Ladbrokes customers. Playtech outlined that all game components were …
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A flood of lawsuits could be on the horizon for German online gambling incumbents, as the High Court of Frankfurt supports a ruling that an online casino customer was entitled to reclaim losses. Brought to light by German weekly news magazine Spiegel, a gambler from the region of Hesse had made a claim against a ‘Malta-based operator ‘declaring that his …
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The board of Entain Plc has informed investors that Peter Isola has chosen not to renew his duties as a Non-Executive Director of the FTSE100. As a result, Isola has chosen to end his six-year tenure as a corporate advisor of Entain Plc on 21 March 2022 to focus on new opportunities. A legal expert in financial services and online …
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