Entain Plc has emerged as the first suitor to disclose its interest in acquiring Tabcorp Holdings’ TAB racing and sports betting unit, tabling an AUS $3 billion (£1.9 bn) all-cash offer to take control of the underperforming business. The FTSE100 firm’s cash offer represents, it said, the ‘market valuation’ placed by ASX analysts on Tabcorp’s wagering unit. The Australian Financial …
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A report commissioned by the Betting and Gaming Council (BGC), with the support of William Hill and Entain Plc, has provided evidence of black market threats to the UK’s gambling industry. The BGC commissioned ‘Big 4’ auditor PWC to undertake the ‘evidence-backed primary research’ on black market threats to the UK gambling sector. Findings indicate that although the number of …
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Ladbrokes has been sanctioned by the Advertising Standards Authority (ASA) after a complaint regarding an on-demand video advertisement. Released on 25 October 2020, the video, set in a café, depicted various customers using the Ladbrokes app on their phones. Footage of a horse race is then shown, while a voice over states ‘come starter’s orders, I’m a bag of nerves,’ …
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The board of Tabcorp Holdings is reportedly reviewing a number of individual offers and options from companies looking to acquire its TAB wagering and media units. Grabbing yesterday’s business headlines, FTSE100 Entain Plc revealed its interest to acquire TAB units and merge the heritage betting brand with its active Australian market portfolio. Despite its public announcement, Entain chose not to …
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Entain plc has launched ‘The Player’s Panel,’ a new initiative aimed at ‘giving consumers a voice’ on issues relating to betting and gambling in the UK. The Panel consists of a range of Entain’s customers from across the UK, who participate on a voluntary, unpaid basis. The members will interact with ‘political decision -makers, stakeholders and the media to give …
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Inspired Entertainment Inc has announced a major client extension as Entain Plc renews its virtual sports supplier agreement with the Nasdaq technology and entertainment group. Upgrading existing contract terms, Entain has approved Inspired to provide its full range of virtual sports products across its international portfolio of digital and retail brands covering more than 20 countries. Continuing a decade-long partnership, …
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Czech Republic gambling stakeholders hope that the government will proceed with regulatory adjustments to banking and customer verification requirements that will allow for a smoother market entry. Following 2017 amendments to the ‘Czech AML Act’ in connection with the implementation of a new ‘Czech Gambling Act’ – the Ministry of Finance enforced the requirement for operators to impose ‘face-to-face’ customer …
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MGM Resorts International has this afternoon communicated that following ‘careful consideration’ it will not submit a revised offer for Entain Plc. The confirmation ends weeks of speculation surrounding the proposed takeover, which saw MGM’s initial offer of 0.6 MGM shares for each Entain share, representing a value of 1,383 pence per share and a premium of 22% to the company’s …
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GambleAware has released its donor list for the first three quarters of 2020, with William Hill topping the list, followed by Flutter Entertainment and bet365. Publishing its industry donation figures for 1 April – 30 December 2020, GambleAware revealed that William Hill made a pledge of £1.04 million, with £540,000 donated. Following William Hill was Flutter Entertainment – the holding …
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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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