How to lead a company from an unpromising situation to market leadership is a secret most betting and gaming industry executives would love to learn. In Issue 30 of SBC Leaders magazine, FanDuel President Christian Genetski gives readers the inside track on how he and his colleagues managed to do just that. In a revealing interview to mark Genetski’s imminent …
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Entain Plc remains focused on accelerating operational efficiency, aiming to return its business to growth by 2025. Publishing its Q1 2024 trading update, the FTSE100 gambling group stated that its “performance aligned with expectations,” with leadership prioritising operational performance improvements to drive organic growth. Period trading saw group net gaming revenues (NGR), including the BetMGM JV, increase by 6% on …
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The Betting and Gaming Council (BGC) has appointed Grainne Hurst as the new Chief Executive of the trade and standards body representing the UK gambling sector. An expert in public affairs and corporate social responsibility (CSR), Hurst joins the BGC from Entain Plc, where she served as Group Corporate Affairs Director of the FTSE 100 gambling group. 2024 has seen …
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The assets of Entain Plc are being closely circled by private equity giants, with a view to plunder the FTSE100 gambling group under its strategic review. As reported by The Sunday Times, the ‘US private equity barons’ of Apollo Global and CVC Capital are considering a break-up of Entain as the business ends its era of ‘casino capitalism‘, following last …
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Entain Plc has informed markets that Chairman Barry Gibson will resign from all corporate governance duties by the end of September 2024. Gibson will be succeeded by current interim Chief Executive Stella David, who may take over boardroom leadership duties earlier depending on the timing of the appointment of a permanent Group CEO. The announcement sees Gibson end his four-year …
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Further developments have surfaced in the ongoing legal dispute between Entain Plc and Sports Entertainment Media BV regarding the deal valuation of BetCity.nl. On 19 March, Sports Entertainment Media BV and related parties submitted a counterclaim to the High Court of Justice of England and Wales demanding €104m in compensation from Entain. The counterclaim, put forward by the Singels family …
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Entain Plc has disclosed additional information related to its legal challenge against Sports Entertainment Media BV and related parties involved in the valuation of its Netherlands subsidiary, BetCity.nl. Documents published by the High Court of England and Wales detail that the board of the FTSE100 gambling group deems the value of BetCity.nl as being €68m-to-€156m less than its agreed deal …
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Entain-owned sportsbook brand bwin is giving football fans the opportunity to play a match on the UEFA Europa League Final pitch the day after the match. The ‘Fans Final’ competition comes to fruition thanks to bwin’s multi-year partnership with the UEFA Europa Conference League and the UEFA Europa League – with the final of the latter to be played out …
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The board of Entain Plc has announced the appointment of Ronald J. Kramer as a new Independent non-executive director (NED) of the FTSE 100 gambling group with immediate effect. An expert in corporate finance and asset management, Kramer is the current Chairman and CEO of Griffon Corporation (NYSE:GFF), a diversified management and holding company headquartered in New York. During his …
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Entain Plc has closed its full-year 2023 accounts declaring corporate losses (after tax) totalling £879m as group leadership proceeds with its transformation programme evaluating the firm’s brand portfolio, capital allocation and operating structures The LSE-listed gambling group announced its FY2023 results this morning, reporting that “results are in line with expectations and leadership is committed to improving operational execution to …
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