Tag Archives: Entain

Entain Plc has successfully executed the pricing and allocation of a ‘New Term Loan‘ that will provide the FTSE100 gambling group $1bn in funds available to support its global growth initiatives.  A corporate financing measure announced by Entain governance during H1 trading, the new term loan has been allocated as a “$1,000m First Lien Term Loan B in USD set …

Entain’s leadership is adamant that it can deliver on the fronts of M&A integrations, UK regulatory adjustment and US market profitability to maintain the FTSE100 gambling group’s growth momentum and valuation.     Following publication of the group’s Q3 trading results this morning in which Entain reported a 2% GGR increase, CEO Jette Nygaard-Andersen and CFO and Deputy Rob Wood answered questions …

Looking ahead to a busy sporting schedule and continued international momentum, Entain has projected a full year revenue of $1.3bn, following progress in the third quarter. Issuing its Q3 trading update to investors this morning, the FTSE100 group revealed that NGR had risen by 2% from July to September, driven by 6% year-on-year uptick in customers to reach a ‘record …

Premier Greyhound Racing has made a new addition to its senior management, in particular bolstering its animal welfare credentials, as Clarissa Baldwin joins as a Non-Executive Director.  A CBE recipient for animal welfare work, Baldwin joins the company – a joint venture between Entain and the Arena Racing Company – after a 25-year tenure as CEO of the Dogs Trust …

The UK betting industry was shaken by August’s £17m record financial penalty against Entain, for incidents pre-dating the group’s adoption of extensive social responsibility measures. Sharing his views with SBC News, Nick Arron, Lead Partner for law firm Poppleston Allen’s betting and gaming team, outlined how operators can navigate increasingly choppy regulatory waters as the UK Gambling Commission (UKGC) makes …

Gambling’s convergence with sports and media launched the Leaders Track at the SBC Summit Barcelona, in a keynote discussion led by DAZN Chief Executive Shay Segev – a leader at the coalface of the industry’s next evolution. The former CEO of FTSE100 Entain Plc, Segev drew global headlines at the start of the year by joining DAZN, the OTT sports …

Entain Plc is to face an investigation into whether it has complied with the anti-money-laundering (AML) and counter-terrorism financing laws of Australia. The investigation has been announced by AUSTRAC – the Australian Transaction Reports and Analysis Centre – as part of an “extensive supervisory campaign covering the whole corporate bookmaking sector”. AUSTRAC provided no specific details as to why it …

Coral has become title sponsor of Newbury Racecourse’s two-day Coral Gold Cup Meeting following a three-year commercial deal with Entain Group. As the competition commences at the end of November, the bookmaker will sponsor 13 races over the two days, with the ‘feature’ being the handicap chase known for almost 60 years as the Hennessy Gold Cup, and more recently …

Seeking to continue updating its sports betting products and services, Codere has inked a partnership with XB Net, incorporating North American horse racing content in its offering. The deal includes live pictures, data and betting services from 60 North American racetracks, which will be distributed across the Spanish operator’s retail and online channels.  Key objectives of the partnership for Codere …

Two weeks after being hit with the largest regulatory penalty in UK betting history, Entain is now back under the legal spotlight, as reported by The Times. The paper reports that a high-staking bettor named Simon Rose placed wagers with Ladbrokes in the UK and UAE between 2015 and May 2016, and is now lodging a High Court claim against …