Betclic has denied any wrongdoing in relation to an investigation launched by the French Tax Inspectorate (DNEF) into its Malta subsidiary. French news sources reported this week that the DNEF had ‘seized documents from Betclic premises’ in October. These documents are related to the business activities of its Maltese subsidiary, Betclic Enterprises Limited. The Inspectorate initiated an investigation into Betclic …
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FL Entertainment has highlighted the importance of its Betclic business, as the Pan-European media group maintains growth despite encountering ‘seasonal difficulties’ impacting its content and distribution units. Publishing its Q1 2023 trading update, the Amsterdam Euronext group matched corresponding 2022 revenue results of €900m. The stagnant revenue results were attributed to FL’s Content Production unit, registering a 5% decrease in …
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FL Entertainment has hailed the positive contribution of its Betclic Everest subsidiary to achieving the objectives of its merger and transformation as a new Amsterdam Euronext enterprise. The pan-European entertainment group which in H1 listed on the Amsterdam Exchange merging the assets of Banijay Media and Betclic Everest achieved total revenues of €4.05bn – a result matching its upper-end guidance. …
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French authorities need to do more to regulate online casino games and counter the wider threat of illegal gaming, according to a prominent c-level executive in the country. Nicolas Béraud, Founder and CEO of Betclic, shared his views on French regulation with radio station franceinfo, arguing that the government must bring icasino regulations in line with those imposed on wagering. …
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Betclic Everest owner FL Entertainment has reaffirmed its full-year 2022 guidance as the Pan-European media and entertainment conglomerate completes a successful year-1 listing on the Amsterdam Euronext. Updating investors, FL cited that it had “enjoyed strong momentum across its two business lines of media production and sports betting throughout 2022’. Flagship sportsbook subsidiary Betclic had “registered high double-digit growth in …
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The board of bet-at-home AG has upgraded the full-year revenue guidance of the Frankfurt Boerse online gambling group The upgrade follows a positive period of World Cup trading registered during the closing months of 2022. Updating shareholders, “bet-at-home.com AG now expects its consolidated gross betting and gaming revenue (GGR) to stand in the range of €52 to €54 million in …
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Multimedia betting, gaming and content production company FL Entertainment has reported a strong performance across the board in Q3, despite the liquidation of its bet-at-home brand, with trading bolstered by the Betclic sportsbook and Banijay content division. Updating its Amsterdam Euronext investors on third quarter and year-to-date trading performance, the Paris-based multinational company reported group-wide revenue of €2.7bn from January-September, improving 15% …
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FL Entertainment NV has published its first set of results as an Amsterdam Euronext media and entertainment conglomerate, merging the business assets of Banijay Group and Betclic Everest. Founded in May, FL Entertainment was formed via a SPAC merger with Pegasus Entrepreneurs. The business holds the media and sports betting assets of French mogul Stéphane Courbit, and listed on the …
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Société des Bains de Mer et du Cercle des Étrangers à Monaco (SBM Monaco) – the sovereign investment trust of the Principality of Monaco, has agreed to sell its 47% shareholding in Betclic Everest to FL Entertainment. The equity sale was notified to the Luxembourg Bourse securities exchange, in which the Monaco fund disclosed that it had agreed €850m for …
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Betclic has become central in the plans to establish ‘FL Entertainment’ – a new Pan-European entertainment conglomerate that seeks to list on the Amsterdam Euronext Exchange, targeting a + €7 billion valuation. Yesterday, French media mogul Stéphane Courbit ordered for his Banijay (Zodiak + Endmol Shine) entertainment venture to be merged with Betclic Everest to form FL Entertainment. Deal makers …
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