Tag Archives: croatia

Entain CEE appoints Mikolaj Cymerman as CCO

SBC News Entain CEE appoints Mikolaj Cymerman as CCO

Entain CCE has appointed Mikolaj Cymerman to serve as Chief Commercial Officer (CCO) of the Central and Eastern European venture of FTSE100 Entain Plc. The appointment was confirmed by Cymerman on LinkedIn, who revealed that he would take on the dual responsibilities of commercial lead for Entain CEE as well as serving as an advisor to the board of STS …

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Flutter takes 51% stake in ‘Serbian Hero’ MaxBet for €140m

SBC News Flutter takes 51% stake in ‘Serbian Hero’ MaxBet for €140m

Flutter Entertainment Plc will take a ‘podium place’ in Serbia having agreed to terms to acquire a 51% stake in MaxBet Kladionica for a cash consideration of €141m (£123m). Announced this morning, Flutter stated that its majority investment in MaxBet advances commercial prospects in the fast-growth Balkans region, in which its ‘International unit’ targets ‘Gold positions’ in the markets of …

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Entain launches £600m bookbuild to acquire STS Poland 


Entain Plc has published all documents related to a proposed plan to bookbuild £600m in new capital, which will be primarily used to acquire STS Group – Poland’s largest bookmaker. The London Stock Exchange (LSE) has been informed that shares of the FTSE100 gambling group will be offered to institutional investors through an accelerated bookbuild process. In addition, Entain will …

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Betsson achieves record Q1 results reflecting new market make-up 

Betsson AB CEO Pontus Lindwall

Betsson AB has reported a ‘record strong start to 2023 trading’, as the Stockholm-listed gambling group celebrates its 60th year in business. Publishing its Q1 trading update, Betsson lauds bumper financial results as group revenues increased by 30% to €222m compared to Q1 2022 results of €170m. Headline growth accounted for a 37% increase in casino revenues to €152 and …

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Tipster.de Cologne office raided by anti-corruption force

SBC News Tipster.de Cologne office raided by anti-corruption force

This morning, German police and anti-corruption officers raided the Cologne offices of online sportsbook Tipster.de.  The news was broken by Bild.de, which reported that 1,000 officers from the state police force of North Rhine-Westphalia had stormed the office of Tipster.de to search over 100 items. It was reported that “the raid was carried out on suspicion of illegal gambling and …

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Entain tops 2022 earnings following busy Q4

Jette Nygaard-Anderson, Entain CEO

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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Entain launches new CEE venture in partnership with EMMA Capital 

entain supersport croatia

Entain Plc has disclosed its plans to become the leading Central and Eastern European betting business by launching a new venture, ‘Entain CEE’. As announced this morning in the FTSE100’s gambling group’s H1 2022 Interim results, Entain has agreed to acquire a majority stake in leading Croatian betting group SuperSport for €600m. The deal will see Entain acquire a 75% …

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Entain keeps post-H1 consensus ahead of critical portfolio refresh

Jette Nygaard-Andersen takes charge of Entain as new CEO

Entain Plc has reported that it continues to achieve strategic objectives, as its business benefits from a ‘broader recreational customer base’ across regulated markets. Publishing its Interim 2022 trading results, the FTSE100 gambling group declared a ‘robust H1 performance’ against challenging global economic and regulatory headwinds. H1 trading saw Entain generate group net-gaming-revenues (NGR) of £2.11bn, up 18% on comparative …

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EveryMatrix acquires Leapbit to upgrade OddsMatrix omni-channel services


EveryMatrix has moved to strengthen its OddsMatrix business by acquiring specialist sports betting developer Leapbit in a move that will bolster the unit’s omni-channel capabilities.  Updating stakeholders, the firm disclosed that the acquisition of Leapbit will transform “OddsMatrix platform to a true omnichannel solution” securing new tech provisions to offer a “comprehensive retail-focused software solution, including virtual sports and lottery …

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Intralot returns to black as Kokkalis transformation bears fruit 

SBC News Intralot returns to black as Kokkalis transformation bears fruit 

Intralot SA has branded 2021 as a breakthrough year for its business, as the Athens-listed gambling technology group accomplished its structural reorganizational directive, that secured financial benefits beyond previous expectations.  Publishing its full-year 2021 financial report, Intralot declared a group underlying EBITDA of €110 million up 67% on comparative FY2020’s results of €66 million. Group earnings were bolstered by a …

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