Tag Archives: Entain

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%, …

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, …

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 …

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 …

Entain Plc has initiated legal proceedings against the former owners of BetCity.nl, the Dutch sportsbook and igaming property of the FTSE100 gambling group.   A lawsuit has been filed in the Commercial Court of England by Clifford Chance, representing Entain Netherlands BV, against former owners of BetCity.nl, primarily consisting of the Singels Family and associates.  Entain has filed a ‘Part-7 Claim …

Entain Plc has communicated that it has exited 140 markets to comply with its new corporate responsibilities and duties to investors.  As reported this weekend by the Financial Times, Entain published an internal document stating its exit from markets with no regulatory regimes such as Antarctica and Vatican City.  The FTSE100 company is expected to initiate more withdrawals from other …

Entain has appointed Ricky Sandler to its board of directors in a bid to improve investor relations and maximise shareholder value.  Sandler – founder of a global investment management organisation Eminence Capital – has been vocally critical of the FTSE 100 gambling group’s strategy in 2023. He will also join Entain’s People & Governance and Capital Allocation committee, both with …

Australia’s sports betting industry is facing the possibility of an advertising ban in the name of safer gambling, but Dean Shannon, CEO of Entain Australia and New Zealand, and Kai Cantwell, CEO of Responsible Wagering Australia, told Issue 28 of SBC Leaders magazine it would be a serious error.  ——————————————————- Evidence-based reform is a term many UK betting observers have …

If state-of-the-art technology and marketing expertise can be used in combination as a highly-effective player acquisition tool, they can do exactly the same for player protection, Entain’s Group Operations Director Peter Marcus told Issue 27 of SBC Leaders magazine.  ——————————————————- When a member of the Entain’s management team says that, “the board are 100% supportive of it. I would say …

Entain has announced further appointments with immediate effect shortly following its announcement of Stella David becoming Interim CEO. The global sports betting and gaming giant has firstly named Pierre Bouchut as its new Senior Independent Director. Meanwhile, Virginia McDowell now officially becomes Chair of the Remuneration Committee, and Barry Gibson – who currently serves as Chairman of the company – …