The board of LeoVegas AB has ‘unanimously recommended’ to investors an SEK 61 (€5.90) cash-per-share takeover offer submitted by US casino and entertainment group MGM Resorts. Publishing deal terms this morning, LeoVegas has advised shareholders to accept MGM’s offer, which has placed a 44% premium on the firm’s SEK 42.3 (€4.10) closing price on the Stockholm Nasdaq as of Friday, 29 …
Read More »
Entain Plc’s 2022 performance began in line with corporate expectations, as its business units and brand portfolio are matched against tough 2021 like-for-like comparatives. Publishing its Q1 2022 trading update, Entain reported that group NGR was up 31%. This, it said, was supported by the return of its retail unit performance which achieved a 1,000% NGR uptake against 2021 lockdown …
Read More »
SBC has fired the starting gun on the race to crown the best betting and igaming operators, affiliates, and suppliers in the U.S. and Canada by declaring that nominations for the SBC Awards North America 2022 are open. The winners of the prestigious awards will be crowned in front of an audience of industry leaders at a lavish ceremony at …
Read More »
Entain Plc’s leadership duo of Group Chief Executive Jette Nygaard-Andersen and Deputy-CEO Rob Wood have outlined their shared objective to showcase the FTSE100 business’ innovation capabilities during 2022. Innovation and organic growth were marked as ‘capital allocation priorities’ by Andersen and Wood, hosting yesterday’s Entain leadership conference call with investors and market analysts. The start of 2022 saw Entain maintain …
Read More »
Entain Plc has branded 2021 as another transformative year for its business that has expanded its global brand portfolio to service 31 regulated/regulating markets. Publishing its full-year 2021 results, the company registered group net revenues of £3.88 billion, up 7% on corresponding FY2020 results of £3.63 billion. Headline performance saw its online portfolio declare a ‘ninth consecutive year of double-digit …
Read More »
Environmental, Sustainability and Governance (ESG) initiatives are a growing focus of corporations across all mass market sectors. Though cynics may argue that the policies function largely as a public relations exercise, for Robert Hoskin this is far from the case. To date Hoskin’s career reflects the ever-changing landscape of igaming, witnessing first-hand PartyGaming’s transition through subsequent M&As with Bwin, GVC …
Read More »
Entain Plc has upped its expected full-year 2021 EBITDA results to be in the range of £875-to-£885 million, as the FTSE100 gambling group delivers on its high-growth targets. Publishing a Q4 trading update, Entain cites that FY2021 group net gaming revenues (NGR) will be up 7% on corresponding 2020 results. Growth is attributed to the robust performance of its online …
Read More »
MGM Resorts and Entain Plc have issued a joint statement on their US venture BetMGM, that targets a net revenue result of $1.3 billion for 2022 trading. Of significance, the venture will aim to be EBITDA results positive in 2023, marking a significant milestone for the business that was launched in the summer 2018. The two group’s aim to maintain …
Read More »
Legalised mobile sports betting in the state of New York is due to commence tomorrow (8 January), as the New York State Gambling Commission (NYSGC) approved licences for four operators. Issuing an update this morning, the state regulatory body advised that each of the four licence holders had satisfied all necessary statutory and regulatory requirements for mobile sports betting. Furthermore, …
Read More »
The final quarter of the year saw huge news across a range of areas of the international betting and gaming industry, as two major acquisition sagas concluded – with differing results – and the UKGC made a number of important announcements. In the second half of 2021, the betting sector closely followed a prominent transatlantic development, as major US player …
Read More »
SBC News Voice of the Sports Betting Industry