Tag Archives: Entain

Entain assumes BetCity.nl to be €68m-to-€156m below deal value

SBC News Entain assumes BetCity.nl to be €68m-to-€156m below deal value

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’s bwin launches special fan experience ahead of the UEFA Europa League final 

SBC News Entain’s bwin launches special fan experience ahead of the UEFA Europa League final 

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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Entain brings ‘Wall Street Pro’ Ronald J. Kramer as NED

SBC News Entain brings 'Wall Street Pro' Ronald J. Kramer as NED

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 concludes messy 2023 on £879m loss as UK/Euro headwinds continue 

SBC News Entain concludes messy 2023 on £879m loss as UK/Euro headwinds continue 

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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“A model that is as early, accurate & explainable as possible” – Entain’s consumer protection journey

SBC News “A model that is as early, accurate & explainable as possible” - Entain’s consumer protection journey

The rollout of Entain’s player protection journey over the past eight years has been a ‘bumpy journey’, according to the firm’s Director of Player Protection Systems and Analytics, Jez White, but the improvements have been ‘massive’. White made his observations whilst speaking at Navigating The Maze, a panel session during ICE London 2024 within the expo’s Consumer Protection Zone which …

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Tom Waterhouse: Brazil’s battle on localisation refreshes gambling’s M&A landscape

SBC News Tom Waterhouse: Brazil's battle on localisation refreshes gambling's M&A landscape

Renowned gambling investor and industry M&A strategist, Tom Waterhouse, believes that investor appetite will be replenished by the launch of Brazil’s forthcoming federal sports betting marketplace.   A speaker at the SBC Summit Rio, Watherhouse details innovation and effective localisation strategies as key dynamics valued by investors who are keen to see a domestic champions take on foreign giants, as Brazil …

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BetMGM revenue flies near $2bn mark in 2023

SBC News BetMGM revenue flies near $2bn mark in 2023

Entain plc’s and MGM Resorts’ North American co-venture BetMGM has delivered its financial performance report for FY 2023, registering a positive EBITDA for H2. Financials The business saw its net revenue from operations grow by 36% year-over-year to $1.96bn, which represents the upper end of its $1.8bn to $2bn guidance range. Same-state net revenue from digital operations grew by 14%, …

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Entain priorities data analysis with new employee academy

SBC News Entain priorities data analysis with new employee academy

Entain has announced the launch of its first data academy which will look to upskill its employees.  The initiative aims to establish three criterias: Giving its people the opportunity to upskill, learn how best to use data to drive business success, and supporting the development of STEM[1] roles across the company.  Satty Bhens, Chief Product & Technology Officer at Entain, …

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Entain keeps gas pedal down on BetCity claim against former owners

SBC News Entain keeps gas pedal down on BetCity claim against former owners

Entain Plc has disclosed its legal proceedings against the former owners of BetCity (BetEnt BV) over a dispute over the acquisition deal brokered in 2022.  Documents obtained by CasinoNieuws.nl have shown that Simon Zinger, Director of Entain Holdings Netherlands, is suing for an undisclosed amount of damages. Entain successfully completed the acquisition of Dutch KOA-licensed online casino BetCity in June …

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Entain CEE appoints Mikolaj Cymerman as CCO

SBC News Entain CEE appoints Mikolaj Cymerman as CCO

Entain CCE has appointed Mikolaj Cymerman to serve as Chief Commercial Officer (CCO) of the Central and Eastern European venture of FTSE100 Entain Plc. The appointment was confirmed by Cymerman on LinkedIn, who revealed that he would take on the dual responsibilities of commercial lead for Entain CEE as well as serving as an advisor to the board of STS …

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