Tag Archives: Entain

Further to this morning’s announcement of H1 2023 interim results, Barry Gibson, Chairman of Entain Plc, has issued a separate statement on the FTSE100 firm’s ongoing HMRC investigation. The news that corporate governance had reserved a £585m legal provision to settle the HMRC dispute related to the former Turkish business terminated in 2017 dominated Entain’s half-year results. “Whilst negotiations with …

Entain Plc stands by its growth strategy and long-term financial prospects, following a transformative H1 trading period in which the FTSE gambling group acquired four new businesses to its global portfolio.  Publishing its 2023 Interim trading results, Entain registered a net group revenue (NGR) of £2.4bn, up 14% on H1 2022 results of £2.1bn. Generating a period NGR of £1.65bn …

As Wrexham AFC prepares for its League Two debut this weekend after National League promotion and securing fame with the Welcome to Wrexham docuseries, Entain has revealed the ‘Wrexham Effect’ in sports betting. Since Ryan Reynolds and Rob McElhenney took over the club in 2020, the operator’s Ladbrokes and Coral brands in the UK recorded an increase of 59% in …

Ladbrokes has found a new way to engage with sports fans and entertainment consumers at large via a newly signed partnership with AEG Presents, The O2 and NME. The Entain sportsbook brand launched its Ladbrokes LIVE platform this week, a fan rewards system delivering access to tickets to live music and comedy shows.  There is no betting involved, but Ladbrokes …

BetMGM had a positive update for Entain and MGM Resorts International investors today, as the US-facing joint venture reported positive EBITDA for Q2 2023  The joint venture between London-based, LSE-listed Entain and Las Vegas-headquartered, NYSE enterprise MGM was first launched in 2019, but so far profitability has eluded the sportsbook brand. In its latest update, BetMGM reported H1 revenue of …

3,000 delegates are set to convene at this year’s SBC Summit Latinoamérica, to witness influential thought leaders share their insights on the key talking points affecting the Latin American region, during the ‘Leaders’ conference track.  The conference track will take place during the first day of Latin America’s premier iGaming and sports betting event, Wednesday, November 1st, and will be …

Entain is embarking on its latest acquisition, continuing to widen its brand portfolio and expand its US standing by securing a takeover of Angstrom Sports. The total transaction cost equals £81m plus contingent payments of up to a maximum of £122m, payable over three years, with the FTSE100 betting and gaming group anticipating closure of the acquisition to take place …

STS Group, the subject of a £750m acquisition bid by Entain Plc, continues to consolidate its position as Poland’s market-leading sportsbook.  Publishing its Q2 trading update, Warsaw-listed STS registered a 3% increase in wagering volume to PLN 1.103bn (€245m).  Wagering growth was maintained despite STS disbanding its UK and Estonia businesses, a factor reflected in the firm’s customer KPI metrics …

Entain Plc has been granted antitrust approval to proceed with its £750m acquisition of STS Group, Poland’s largest betting group. The FTSE100 gambling group informed investors this morning that Poland’s Office of Competition and Consumer Protection was “satisfied with the conditions of its tender” to acquire Warsaw-listed STS Holdings.  Dealmakers required the Polish government’s antitrust authorization as the STS Group …

The Juroszek family has become the largest individual investor in Gaming Innovation Group (GiG), increasing its stake to 11.08% in the igaming media services and sportsbook platform provider. This morning, MJ Investments, Betplay Capital, and Juroszek Holdings informed the public that they had acquired a further 1.32 million shares of GiG stock on behalf of the Juroszeks. The enterprise founders …