The Supreme Court of New South Wales (NSW) has provided an update on the ongoing legal case Tabcorp has initiated against Entain. Presiding Judge James Stevenson has ruled that Tabcorp be granted access to documents relating to Entain’s partnership with the Australian Hotels Association New South Wales (AHA NSW). Tabcorp has now stated that it welcomes the Court’s decision and …
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Entain Plc has outperformed its FY2022 earnings guidance, following a strong close to year-end trading buoyed by peak online results. Publishing its Q4 2022 trading update, Entain delivered a ‘strong group performance’ as group net revenues (NGR) increased by +11% (+7% constant currency basis). Period trading saw the FTSE100 gambling group achieve a record online NGR of +12%, results reflecting …
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SIS (Sports Information Services) has signed its biggest commercial deal of the year so far, partnering with Ladbrokes and Coral operator, Entain. The FTSE100 gambling group, the largest retail operator in the UK, will leverage SIS’ production technology services until December 2030, targeting a more flexible broadcasting schedule. Additionally, the deal will also cover distribution of live racing content via …
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US gambling giant MGM Resorts is once again considering a bid to acquire its BetMGM joint-venture partner Entain Plc, as dealmakers await for the UK Gambling Review to be concluded. Citing ‘city sources’, the Daily Mail’s This is Money business news page stated that an M&A move would likely be reconsidered after the White Paper on the Gambling Act review …
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Coral has launched its ‘Bet Bundles’ offer, a first-of-its-kind incentive rewarding customers during the busiest of sporting seasons. Designed by Coral’s in-house trading team, Bet Bundles will allow customers to buy a bundle of five bets, with each bundle guaranteeing double its value. Bundles have been designed for Racing and Football enthusiasts to close a year end that features the …
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The FIFA 2022 World Cup is now just a few days away, and Entain projects that the tournament will be a resounding success for sportsbooks. A ‘record number of actives, bets, stakes and first-time-deposits’ is expected by the Ladbrokes and Coral operator, as its brands prepare for the event with new products and promotions. This includes Ladbrokes’ Half Time Quiz …
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Coral has launched its ‘Racing Club’, a ‘ground-breaking’ initiative for racing fans to experience the thrill of racehorse ownership and further racing benefits. Launched for the winter jump season, the Coral Racing Club will enable punters to enter ballots of ownership for Coral-trained racehorses, with all prize money distributed back to participating members. The free-to-join club comprises of four racehorses …
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Coral has become title sponsor of Newbury Racecourse’s two-day Coral Gold Cup Meeting following a three-year commercial deal with Entain Group. As the competition commences at the end of November, the bookmaker will sponsor 13 races over the two days, with the ‘feature’ being the handicap chase known for almost 60 years as the Hennessy Gold Cup, and more recently …
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Coral has become the official betting partner of the Cazoo St Leger Festival, at Doncaster Racecourse. In a three-year collaboration with the Arena Racing Company (ARC), the operator’s branding will be ‘prominently’ displayed across the racecourse. The firm also takes naming rights for some of the feature races of the meeting, including three Group 2 contests – the Coral Doncaster …
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Entain Plc has been summoned to pay the largest penalty in UK gambling history, totalling £17m, for regulatory failures connected to its online and retail business. This morning the UK Gambling Commission (UKGC) notified that it had issued Entain subsidiary LC International, which operates 13 UK websites, a sanction totalling £14m. A further demand for £3m was issued to the …
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