Tag Archives: Entain Plc

The board of LeoVegas AB has ‘unanimously recommended’ to investors an SEK 61 (€5.90) cash-per-share takeover offer submitted by US casino and entertainment group MGM Resorts. Publishing deal terms this morning, LeoVegas has advised shareholders to accept MGM’s offer, which has placed a 44% premium on the firm’s SEK 42.3 (€4.10) closing price on the Stockholm Nasdaq as of Friday, 29 …

Playtech has launched an exclusive live gaming show ‘Well Well Well’ for Ladbrokes, the flagship UK property of FTSE100 gambling group Entain Plc. Live-streamed from Playtech’s state-of-the-art studio in Riga, Latvia, the offer has been cited by the firm as one of its ‘most complex bespoke games developed to date’ for Ladbrokes customers. Playtech outlined that all game components were …

A flood of lawsuits could be on the horizon for German online gambling incumbents, as the High Court of Frankfurt supports a ruling that an online casino customer was entitled to reclaim losses. Brought to light by German weekly news magazine Spiegel, a gambler from the region of Hesse had made a claim against a ‘Malta-based operator ‘declaring that his …

The board of Entain Plc has informed investors that Peter Isola has chosen not to renew his duties as a Non-Executive Director of the FTSE100. As a result, Isola has chosen to end his six-year tenure as a corporate advisor of Entain Plc on 21 March 2022 to focus on new opportunities. A legal expert in financial services and online …

Environmental, Sustainability and Governance (ESG) initiatives are a growing focus of corporations across all mass market sectors. Though cynics may argue that the policies function largely as a public relations exercise, for Robert Hoskin this is far from the case.  To date Hoskin’s career reflects the ever-changing landscape of igaming, witnessing first-hand PartyGaming’s transition through subsequent M&As with Bwin, GVC …

Entain Plc has upped its expected full-year 2021 EBITDA results to be in the range of £875-to-£885 million, as the FTSE100 gambling group delivers on its high-growth targets.  Publishing a Q4 trading update, Entain cites that FY2021 group net gaming revenues (NGR) will be up 7% on corresponding 2020 results. Growth is attributed to the robust performance of its online …

MGM Resorts and Entain Plc have issued a joint statement on their US venture BetMGM, that targets a net revenue result of $1.3 billion for 2022 trading.  Of significance, the venture will aim to be EBITDA results positive in 2023, marking a significant milestone for the business that was launched in the summer 2018.  The two group’s aim to maintain …

Entain Plc has announced a breakthrough achievement for its headline CSR Foundation’s partnership with SportsAid, as sponsored athlete Niall Treacy has qualified for the Beijing 2022 Winter Olympics (4-22 February). Treacy (21) from Henley-in-Arden in Warwickshire will represent Team GB as an elite short-track speed skater competing in Beijing’s 1000m race. Team GB announced Treacy’s selection following his fourth-place finish …

The Betting and Gaming Council (BGC) has provided an overview of the gambling industry’s 2021 CSR initiatives, focusing on community outreach, economic and social contribution, promotion of equality and diversity, employee support and environmental initiatives.  A number of prominent companies were highlighted in the report, including bet365 Group, Flutter Entertainment, William Hill, Gamesys and Entain, whilst BGC members in general …

Entain Plc has extended its ‘put-up or shut-up’ deadline to DraftKings, as investors of the FTSE100 gambling group demand that its US suitor put definitive terms on its $20 billion acquisition bid. In an official announcement this afternoon, the gambling group detailed that it requires ‘a number of matters to be satisfactorily resolved ‘by no later than 5.00pm on 19 …