Tag Archives: Enlabs AB

Entain launches shared ownership initiative

Entain has launched its ShareSave shared ownership plan, enabling over 22,500 to participate and acquire shares in the company as it expands globally. The group operates over 2,885 Ladbrokes and Coral high street bookmakers across the UK and Ireland, and over 14,000 people employed at these venues can apply to join the shared ownership scheme. Employees can join by making …

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Entain readies for full unit comeback as lockdown impacts Q1 trading

Jette Nygaard-Andersen takes charge of Entain as new CEO

Entain Plc has stated confidence in achieving its 2021 growth objectives, despite COVID-19 restrictions hampering the performance of its Ladbrokes Coral retail unit.  Publishing its Q1 trading update, Entain reports a 13% decline in group net revenues, attributed to its restricted retail unit, which recorded a 99% decline in NGR as ‘almost all estates were closed during the quarter’. The …

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Enlabs acquisition drives Entain’s international expansion

Entain’s acquisition of Swedish iGaming operator Enlabs AB and Portuguese online sportsbook Bet.pt has driven a 30% expansion in its international operations. A leading operator in the Baltic region, the Enlabs acquisition has enabled Entain to enter this market for the first time in its operating history via the Optibet brand. Enlabs is a market leader in Latvia, the second …

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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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Entain launches data driven player protection initiative

Entain, the holding company behind Ladbrokes and Coral, has launched the initial stage of a new player protection initiative based on data and analytics. The new preventative approach has been named ARC (Advanced Protection and Care), and has used behavioural indicators to identify players potentially at risk. The firm is now developing models using more than three times the previous …

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US investor demands that Entain revise £250m Enlabs offer 

Entain Plc faces a shareholder clash in its £250 million pursuit to acquire leading Baltics online gambling group Enlabs AB. Texas hedge fund Alta Fox Capital Management, the owner of 3.3% of Enlabs shareholding, has said that it will refuse to sell any shares to Entain at the recommended offer of SEK 40 (£3.50) per share. Led by US investor …

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Entain eyes Baltic opportunities with £250m Enlabs offer

Entain Plc has published the terms and conditions of its ‘recommended offer’ to Enlabs AB shareholders, as the FTSE100 gambling group seeks to expand its Baltic market footprint. Updating the market, Entain has proposed a cash offer of SEK 40 per Enlabs share on the Nasdaq Nordic exchange, valuing its latest M&A target at SEK 2.8 billion (approximately £250 million).  …

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