Regulatory difficulties have dogged Entain’s Q3 performance significantly according to the group’s leadership, particularly in Germany and the UK with the group facing an ongoing HMRC investigation in the latter. Expect headlines…. In his address to investors following publication of the company’s Q3 results, group Chairman Barry Gibson informed that Entain will go before the courts during Q4 and expects …
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Entain Plc has outlined key initiatives to accelerate its operational strategy and improve the quality of earnings across its business portfolio. The new plans were disclosed in Entain’s Q3 trading update, as the FTSE100 gambling group reported proforma net gaming revenue (NGR) declines across its Online and Retail units. Q3 trading is tracked to the revised full-year EBITDA guidance of …
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Amanda Brown has become the latest member of Entain’s senior leadership team, joining the company as a Non-Executive Director (NED) at a time of global expansion across multiple markets. The new hire will also become a member of the FTSE100 gambling group’s Remuneration Committee, working alongside Committee Chair, Stella David, and fellow NEDs Virginia McDowell and Rahul Welde. Prior to …
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Strategies for growth is very much the theme of the new edition of SBC Leaders Magazine, as cover star George Athanasopoulos, CEO of Novibet, explains his approach to expansion. In addition to detailing the company’s launch in Latin America and strong performance in Greece, he reveals the reason its plans to go public via a SPAC deal were cancelled and …
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The financial contribution made to British racing by the country’s largest bookmakers is set to rise in 2024, according to the Betting and Gaming Council (BGC). Payments from Entain, Flutter Entertainment, bet365, 888/William Hill and Betfred will increase by £30m, the standards body and trade association revealed today. This ‘record cost increase to broadcast races’ will see the total payment …
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Entain Plc has announced that it will reposition the business of its Unikrn esports venture, scaling down its B2C operations. This weekend, Entain communicated to media partners that it had shut down Unikrn’s affiliate programme, after which the esports betting platform would stop taking customer deposits from 9 October. Entain issued the following statement on Unikrn’s closure of its B2C …
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Entain Plc has announced the completion of its acquisition of Angstrom Sports to enhance the in-play sports betting capabilities of US joint-venture BetMGM. The deal, first announced on 17 July, will see Entain pay an initial consideration of £81m to acquire Angstrom, a dedicated specialist on sports modeling, forecasting and match analytics for all major US sports. Angstrom’s buyout is …
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Coral has announced Wonderhood Studios as the winner of its advertising tender for a new creative agency. The summer, the Entain Plc subsidiary triggered a ‘competitive pitch’ to manage the creative marketing account for its multi-million-pound UK advertising account. Announced as winners, Wonderhood Studios will succeed BBH London as Coral’s new creative advertising agency working across all media formats alongside …
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Entain remains confident in achieving its full year revenue expectations despite experiencing ‘mixed’ trading during the third quarter, according to an update this morning from FTSE100 gambling group. The company is due to announce its Q3 trading update on 2 November, but detailed to investors that some aggravating factors have posed hurdles in Q3, including ‘adverse sporting results’ impacting sports …
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Polish sports betting operator STS has gained the rights for the UEFA Europa League and UEFA Europa Conference League in Poland for the 2023/24 campaign. Under the provisions of the deal, the Polish sportsbook brand will be able to activate the brand for localised marketing activities across the country through this season. STS intends to use the rights to create …
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