Entain has bolstered its senior leadership, making two internal promotions to appoint a new Chief Technology Officer (CTO) and Chief Commercial Officer (CCO). The vacancies will be filled by Shailendra Maurya (CTO) and Dominic Grounsell (CCO), two established members of Entain’s management team, having worked at the company for four years and three years respectively. Maurya’s tenure with the FTSE100 betting …
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Following its Q2 2022 earnings update, Entain has detailed continued focus on its M&A strategy as well as sustainability, as regulatory judgements in the UK loom. Sharing their perspectives in an investor earnings call, group CEO Jette Nygaard-Andersen and CFO Rob Wood explained that the FTSE100 gambling firm’s acquisition strategy was ‘active as ever’. Assessing Entain’s global operations, Nygaard-Andersen pointed …
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Entain Plc’s trading momentum has dragged amid a tougher regulatory backdrop and a weaker macroeconomic environment reducing customer spend. The bellwether for online gambling PLCs this morning published a snapshot interim 2022 trading update, which saw the FTSE100 group maintain NGR growth of 18%. Group growth was attributed to robust retail trading as Ladbrokes Coral and Eurobet Italia units recorded …
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Entain Plc has agreed to acquire BetEnt BV, the Dutch licensed operator of BetCity.nl, in a move to secure a leading presence within the Netherlands’ newly regulated online gambling regime. This morning, FTSE100 Entain announced that it had entered a deal to acquire BetEnt’s entire share capital from owner Sports Entertainment Media BV for an initial consideration of €300m (£257m). …
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BetCity.nl has signed a three year deal with the International Hockey Federation (FIH) in becoming the first-ever betting partner of hockey’s world governing body. The collaboration covers the upcoming FIH Hockey Women’s World Cup as well as the FIH Hockey Pro League seasons in the Netherlands, until June 2025. The Dutch betting company will be visible for the first time …
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The International Betting Integrity Association’s (IBIA) membership has been further enhanced, as VBET becomes the latest operator to join its ranks. VBET will now feed into the IBIA’s global betting integrity monitoring and alert platform, bolstering the association’s international scope due to the firm holding licences in jurisdictions such as Great Britain, Malta, France and Sweden, whilst also currently awaiting …
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BetCity.nl, the Dutch-facing subsidiary of BetEnt B.V, has fulfilled one of the requirements of its licence conditions, joining the International Betting Integrity Association (IBIA). One of the key criteria of membership of the regulated Dutch online sports betting and gaming market, under the terms of the KOA Act implemented on 1 October, is membership of an international integrity monitoring body. …
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Ahead of the Dutch market opening on 1 October, Kambi Group has signed a multi-year partnership with BetEnt to support the launch of its BetCity.nl-branded online sportsbook. Through the agreement, BetCity.nl will benefit from access to Kambi’s technology and sports betting offer, as well as its experience with compliance and sports integrity. Kristian Nylén, CEO of Kambi, said: “Kambi is …
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