Tag Archives: bwin

Entain and ARC form media JV to revitalise greyhound racing’s appeal

Entain Plc will revamp its live racing offering across its entire sportsbook portfolio having secured an exclusive long-term media rights partnership with Arena Racing Company (ARC).  The exclusive partnership will see ARC deliver a new range of horseracing and greyhound media products for its UK flagship sportsbook unit of Ladbrokes Coral, as well as for its digital betting brands of …

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International expansion assists Entain with COVID-19 comeback

Jette Nygaard-Andersen takes charge of Entain as new CEO

Entain Plc has swung back into the black with the group’s expansion into regulated markets along with its pivot towards online betting offsetting the impact that COVID-19 has had retail operations. Publishing its full-year results for the period January – December 2020, Entain declared revenues of £3.56 billion, a ‘flat’ change from the £3.57 billion recorded in 2019. Underlying EBITDA …

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MGM confirms ‘compelling’ proposal for Entain shares

US casino giant MGM Resorts International has confirmed that it has proposed a merger with its US sports betting and igaming partner Entain plc, but has refused to say if a firm offer to acquire the company will follow. It has also been confirmed that the offer consists of 0.6 MGM shares for each Entain share, representing a value of …

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Entain says £8bn MGM Resorts offer ‘significantly undervalues’ company but asks for more information

Diversified Entain rides out 2020 retail storms

Responding to press speculation, the Board of Entain has confirmed that it has received proposals from its US partner MGM Resorts International (MGMRI) concerning a possible offer for the company, but has quickly poured cold water on any deal being agreed in the short-term. Reports emerged in the Wall Street Journal yesterday that MGM had made a fresh approach for …

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MGM Resorts makes moves to acquire Entain Group

US casino giant MGM Resorts is attempting to acquire the Entain Group, the new name for the recently rebranded GVC Holdings, according to the Wall Street Journal. Entain operates several global gaming brands, including Ladbrokes, Coral, Bwin, PartyPoker , SportingBet, Gala Bingo, Eurobet and Betboo, but is already a partner with MGM in the burgeoning US sports betting and gaming …

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Entain eyes early 2021 debut for Bwin Colombia

Entain Plc (formerly GVC Holdings) expects to launch its Bwin sportsbook property for the regulated Colombian online gambling market next month. Martin Lycka, Entain’s Senior Vice President of US Regulatory Affairs & Responsible Gambling, told SBC Noticias about the fast-moving developments for the FTSE100 betting group within Colombia. Having recently secured a Colombian online gambling licence by federal regulator Coljuegos, …

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Buttigieg and Elliot to lead GVC’s customer care duties

GVC Holdings has strengthened its group customer care units by creating two new leadership roles to maintain direct oversight of customer responsibilities, safeguards and duties. Confirmed to SBC News, long-term Group AML Director Paul Buttigieg has been promoted to the new position of ‘Director of Player Protection’. GVC stated that Buttigieg would take on an ‘international remit’ to bolster leadership …

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Winning Post: Germany 2021… the enemy of a good plan

Observing German regulatory developments ahead of 2021, Regulus Partners states that in seeking to have a rule for everything, the onrushing Interstate licensing regime is likely to be immensely destructive on many levels… Perhaps attempting to prove that there is such a thing as a national character, German licensing authorities are now applying considered and potentially highly effective operational engineering …

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GVC safeguards German profile by securing four Länder approved ‘transitional licences’

GVC Holdings has this morning confirmed that it has been approved four separate sports betting licences for Germany, adhering to market conditions set by the Länder approved ‘transitional framework’. Updating investors, the FTSE100 betting group confirmed that transitional licences have been authorised for its SportingBet, Ladbrokes, bwin and Gamebookers brands. Announced at the start of October, Germany’s 16 federal Länder …

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Germany 2021: Landers’ ‘transitional framework’ receives mixed reactions 

The approval by Germany’s 16 Lander (regional councils) to launch a ‘transitional tolerance period’ for igaming services, which will bring clarity to operators who wish to participate in the federal relaunch of the online gambling marketplace in 2021, has drawn contrasting views.   As German Lander continue to individually ratify the final amendments of the federal New Interstate Treaty on Online …

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