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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Mark Stewart will step down as Chair of New Zealand’s national gambling operator, TAB NZ, at the end of August, with Anna Stove stepping up as his interim replacement. TAB NZ stressed that Stewart had overseen ‘two years of transformative change’ at the helm of the operator after being appointed to the role at the start of the 2021/22 financial …
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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 …
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FIFA has revealed New Zealand betting agency TAB as the first gambling sponsor of the Women’s World Cup. TAB NZ will be promoted across the four New Zealand stadiums from 20 July – 20 Aug, but the value of the sponsorship has not been disclosed. In detail, the tournament, which is being co-hosted with Australia, sees the Wellington-based company become …
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Big plans are underway at Entain, according to two of the group’s leading executives in separate investor presentations, providing analysis of the company’s partnership with TAB NZ and acquisition of 365scores. Entain expects these plans to bring about EBITDA of between £15m-£20m in 2024 and subsequent growth by 2025 of 50%. In their respective presentations, Dean Shannon and Sameer Deen …
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Entain Plc has significantly bolstered its presence in Oceania following the approval of its strategic partnership with TAB NZ by the New Zealand Minister for Racing. TAB NZ had chosen Entain to serve as ‘preferred partner’ to provide technology systems for the management of Racing New Zealand’s (Racing NZ) wagering, retail and broadcast offering on 28 March. Partnership terms have …
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Entain Plc has declared that it is “well-positioned” to achieve all 2023 corporate objectives, as it reports on a period of record levels of active customers, boosting its financial results, whilst demonstrating continued momentum across worldwide operations. This morning, the FTSE100 gambling group published its Q1 trading update, covering the period from January 1 to March 31, 2023. Headline results …
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TAB New Zealand (TAB NZ), the state-run agency with responsibility for overseeing regulated betting in New Zealand, has chosen Entain as its preferred partner. The partnership between TAB NZ and the FTSE100 gambling group is still subject to Ministerial approval – which the duo are working together to secure – and will run for 25 years should this be received. …
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New Zealand’s Minister for Racing, Rt Hon Winston Peters, has urged TAB NZ to collaborate with other industry bodies in accelerating the sector’s recovery. In an open letter to Dean McKenzie, the TAB NZ Executive Chair, Peters outlined a requirement for TAB NZ ‘to actively plan contingencies with the (racing) Codes’ in the case of a COVID-19 resurgence. Peters wrote: …
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TAB New Zealand (TAB NZ), the new state-run agency overseeing New Zealand’s horseracing wagering and its allocation of funding, has unveiled its new executive leadership team. The agency will be led by Dean Mckenzie as Chairman, the executive who led the development of TAB NZ under his remit to oversee the interim ‘Racing Industry Transition Agency (RITA)’ – a special …
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