Tag Archives: Enlabs

Entain nets FY2021 profit rise against heavy retail drags

SBC News Entain nets FY2021 profit rise against heavy retail drags

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 …

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Entain hits peak online momentum as leadership launches £100m innovation programme 

Jette Nygaard-Andersen takes charge of Entain as new CEO

Entain Plc has lauded its diversified business model as the FTSE100 gambling group achieved 22 consecutive quarters of double-digit online growth.  Publishing its interim 2021 trading results (period ending 30 June), Entain registered group revenues of £1.79 billion, up 11% on corresponding 2020’s results of £1.61 billion. Period growth was attributed to improved online trading across all markets (except Germany), …

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Entain completes all Enlabs takeover duties

SBC News Entain completes all Enlabs takeover duties

Entain Plc has this morning announced that it has contractually completed its €370 million takeover of leading Baltic markets online gambling group Enlabs AB. Issuing a market statement, Entain confirmed that it had secured 67 million Enlabs shares, corresponding to 96% of the Nordic Nasdaq First North firm’s total shareholding. Prior to this morning’s announcement, 94% of Enlabs shareholders had …

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Entain secures shareholder approval of Enlabs €370m buyout

SBC News Entain secures shareholder approval of Enlabs €370m buyout

Entain Plc has this morning communicated that shareholders of leading Baltic markets operator Enlabs AB have approved its revised SEK 53 per share takeover offer. The FTSE100 online gambling group states that its revised €370 million cash offer of Enlabs received a unanimous 94% approval by company shareholders. Having previously secured regulatory approval, Entain declares that its offer is now …

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Entain secures regulatory approval for Enlabs takeover

SBC News Entain secures regulatory approval for Enlabs takeover

Entain has moved forward with its Baltic expansion plans, securing ‘all the necessary approvals’ from relevant competition and gaming regulatory authorities for the takeover of Enlabs. As a result, the condition for the completion of the group’s offer regarding the receipt of all necessary regulatory approvals has been met. However, the firm – which operates Ladbrokes and Coral – has …

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Entain stands firm on Enlabs £250m buyout offer

SBC News Entain stands firm on Enlabs £250m buyout offer

The board of Entain Plc has stood by its recommended offer of SEK 40 (£3.50) cash per share, in its bid to acquire leading Baltic online gambling group Enlabs AB. This morning, Entain confirmed that it had extended its offer ‘acceptance period’ until the 18 March 2021, with the FTSE100 group further stating that it anticipates ‘deal settlement’ to commence …

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SBC Digital Summit CIS: Key to staying afloat is diversifying products

SBC News SBC Digital Summit CIS: Key to staying afloat is diversifying products

In what has been an ‘unbelievable year’ for betting operators and media and marketing companies alike, the vast majority of firms believed that they had benefited from the after effects of COVID-19, as was the consensus from the guest speakers at the SBC Digital Summit CIS event. Mark McGuinness, Director of Marketing and Customer Success at Dam Mad Media and …

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Tobias Fagerlund ends Global Gaming CEO tenure

SBC News Tobias Fagerlund ends Global Gaming CEO tenure

Tobias Fagerlund, CEO of Global Gaming 555, has confirmed that he will step down from his position ‘with immediate effect’. The resignation comes as the online gambling operator enters a ‘new phase’ which requires its leadership to operate from Estonia and Malta, where its operating units are located. Fagerlund was appointed as the acting CEO of Global Gaming in April …

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EveryMatrix supports Enlabs with Optibet esports launch

SBC News EveryMatrix supports Enlabs with Optibet esports launch

Entertainment Laboratories (Enlabs) has secured a new partnership with EveryMatrix which has seen the two launch an esports betting service via Enlabs’ flagship brand, OPTIBET. EveryMatrix will supply extensive esports coverage and a tailored esports front-end with live streaming via its OddsMatrix Esports Services. Stian Hornsletten, Group CCO of EveryMatrix, commented: “I admire the work done at Enlabs in the …

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