Tag Archives: Entain

Entain refinances debt terms ahead of critical H2 trading

The board of Entain Plc has secured a first lien term loan valued at $1.12 billion (€995m) to refinance the company’s long-term corporate debt holdings. Updating investors, the FTSE100 gambling group will use the proceeds of its new loan to refinance its outstanding $774 million loan, which was due to mature from 29 March 2024. The transaction sees Entain expand …

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10 MPs received match tickets from betting firms throughout Euro 2020

The BBC has reported that 10 MPs from the two largest political parties received tickets to UEFA Euro 2020 Championship, in addition to other prominent sporting tournaments. Overall, eight Conservative Party MPs and two Labour Party MPs were gifted tickets worth between £1,537.60 and £3,457, with the two members of the latter party serving as members of the Shadow Cabinet. …

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Grainne Hurst: Personalised technological safe betting solutions ideal outcome of gambling review

The UK government’s review of the 2005 Gambling Act has been welcomed by the industry, and leading operator Entain in particular has praised the evidence-led approach to the regulatory overhaul. Speaking to Martin Lycka in the latest episode of the Safe Bet Show, Grainne Hurst, Entain’s Director of Corporate Affairs, discussed responsible gambling, the UK government’s review of the 2005 …

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Entain accelerates igaming content development across multiple markets

Entain has announced plans to double investment in its in-house game studios to accelerate content development across several international markets, including the UK, the Baltics and the US. New content will include ‘first of their kind’ free-to-play slot tournaments, which so far have seen over 30,000 UK-based Entain customers take part in June following the launch, whilst international customers of …

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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 …

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Martin Lycka: From the abyss of agony to the peak of ecstasy… and sometimes back!

In his monthly column for SBC, Martin Lycka, Entain’s Senior Vice President of US Regulatory Affairs & Responsible Gambling, believes cake is in order for some of those regulatory regimes that have turned agony into ecstasy… Dear reader,  I can hardly believe that I am welcoming you to the third season of my SBC column. but here we are at …

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ASA upholds complaint against Ladbrokes for ‘socially irresponsible’ depiction of betting

The Advertising Standards Authority (ASA) has upheld a complaint against Ladbrokes, citing that a television advertisement by the bookmaker depicted gambling in a ‘socially irresponsible’ manner. Three scenes appeared in the advert in question, each depicting sports betting. In the first scene, a man is seen glancing at his phone while a voiceover reads: “I’m a nodder: up to the …

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Entain expresses disappointment at Tabcorp demerger plans

Entain has issued a statement expressing ‘disappointment’ at the decision by Australian operator Tabcorp Holdings to demerge its Wagering & Gaming and Lotteries & Keno businesses. Making its announcement this morning, Tabcorp revealed plans to establish the aforementioned business sections as independent ASX registered companies – known as Wagering & GamingCo and Lotteries & KenoCo respectively – with jurisdiction across …

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Gregg confirms break-up of Tabcorp business

Tabcorp Holdings will proceed with its intentions to demerge its Lotteries & Keno and Wagering & Gaming units with the objective of ‘creating two market leading companies’, following the completion of its ‘comprehensive strategic review’. Approved by company Chairman Steven Gregg and the company’s new board of directors, Tabcorp believes that the unit divestments will deliver Tabcorp investors their long-awaited …

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City examines vital interims as gambling faces sweeping judgement calls  

From London to Wall Street, the interim results of global gambling’s listed incumbents will be probed as the industry faces systemic changes inbound during the second-half year trading. Though the finely balanced outcome of the UEFA Euro 2020 Championships will impact incumbents bottom lines – city analysts will be focused on evaluating which companies are best equipped to thrive in …

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