Speculation mounts on the next M&A move of Entain Plc following weekend reports that the FTSE100 gambling group is preparing a $1 billion (€890m) takeover of Olympic Entertainment Group (OEG). Entain’s new target was disclosed by Bloomberg, citing “sources who wish not to be identified, as the information is private”. Yet, neither Entain nor OEG have issued statements acknowledging any …
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Entain Plc has secured membership of the Dow Jones Sustainability Index for Europe for a fourth consecutive year following its annual review. Lauding the achievement as “further endorsing the group’s approach to ESG and sustainability,” Entain’s inclusion marks the only sports betting and gaming group within the DJSI – launched in 1999 – and has become the gold standard for corporate sustainability. …
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MGM Resorts CEO, Bill Hornbuckle, has hinted at a potential buyout of BetMGM, currently co-owned and operated with Entain, dependent on the possibility of the latter’s acquisition by DraftKings. As reported by Bloomberg, Hornbuckle made the comments whilst speaking at the Global Gaming Expo casino industry event and in a separate interview, highlighting ‘a lot of ways’ for a potential …
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The board of Entain Plc has published a further media statement outlining the financial terms of DraftKings approach to acquire its business. The statement confirmed a first offer made by DraftKings at £25 per share, comprised of a combination of group shares and cash – valuing the business at $20 billion (£14.6 bn) Entain governance rejected DraftKings initial terms that …
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Entain has confirmed media reports that prominent US sports wagering and fantasy sports operator DraftKings is interested in acquiring the company. A statement from the company’s board earlier today confirmed that a DraftKings proposal to acquire the FTSE100 firm had been received, and that such a takeover would include a combination of the former’s stock and cash. However, the group …
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Entain Plc has this morning informed investors of new directorate changes governing the FTSE100 gambling group. In an update to corporate stakeholders, Entain welcomed Stella David and Vicky Jarman as new independent non-executive directors. An expert in mass-market enterprise strategies, David is the former Chief Executive of heritage Scottish whiskey distillery William Grant & Sons (2009-2016) and has served as …
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Entain Plc has confirmed the appointment of Jette Nygaard-Andersen as its new Group CEO, who will take over from Shay Segev as he officially steps down from CEO duties today. Having served as a non-executive director of Entain since 2019, Nygaard-Andersen has guided the FTSE100 firm on the recent group transformation and development of its new corporate charter. Confirming …
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The board of Entain Plc are reported to be in ‘advanced discussions’ to appoint Danish executive Jette Nygaard-Andersen as new chief executive of the FTSE100 betting group. Sky News reports that Nygaard-Andersen, the former EMEA Chief Executive of Swedish media conglomerate Modern Times Group, leads the pack to replace Shay Segev who announced his resignation last week, joining global OTT …
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GVC Holdings will rebrand its corporate identity to ‘Entain Plc’, as the FTSE100 online gambling group commits to operating 100% across regulated markets by the end of 2023 trading. This morning, GVC presented a series of strategic objectives to investors and analysts, outlining the firm’s ambitious plans to lead the global igaming sector in its era of sustainability and corporate …
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GVC Holdings has strengthened its corporate governance confirming the appointment of two new directors to its board. Issuing a statement, GVC revealed that David Satz has joined the company as an Independent Non-Executive Director, effective immediately. Robert Hoskin will also be promoted to the board as an Executive Director on 1 January 2021, assuming the role of Chief Governance Officer. …
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