Tag Archives: Entain

KSA fines BetCity.nl €3m for slack AML measures

KSA, Netherlands/Dutch gambling authority

Kansspelautoriteit (KSA), the gambling authority of the Netherlands, has imposed a €3 million penalty on BetEnt NV, the operating company of BetCity.nl. The penalty relates to BetCity.nl’s failure to comply with the rules of the Netherlands Money Laundering and Terrorism Financing Prevention Act (Wwft). A subsidiary of Entain Plc, BetEnt was warned by KSA of shortcomings in AML compliance in …

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Entain: GGL must address German gambling’s black market exposure 

SBC News Entain: GGL must address German gambling’s black market exposure 

Entain Plc has backed the findings of the ‘Schnabl Study‘ highlighting the significant presence of black-market operators targeting Germany’s Fourth Interstate Market (GlüNeuRStv). Published by the trade bodies of DSWV (sports betting) and DOCV (online casino), the study conducted by Prof. Gunther Schnabl of the University of Leipzig, found that ‘around half of the online gaming activity in Germany takes …

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Entain to settle HMRC Turkish dispute with + £600m payout

SBC News Entain to settle HMRC Turkish dispute with + £600m payout

Entain Plc has reached an ‘in principle’ agreement with the Crown Prosecution Service (CPS) to resolve its Deferred Prosecution Agreement (DPA) concerning the investigation by HM Revenue & Customs (HMRC) of its former Headlong Turkish business. This afternoon, Entain informed investors of obtaining preliminary judicial approval from Dame Victoria Sharp, President of the King’s Bench Division, to finalise a £585m …

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Bragg to supply player account management in extended Entain deal

SBC News Bragg to supply player account management in extended Entain deal

Bragg has extended its agreement with Entain to supply the latter’s Dutch igaming operator, BetCity.nl, with its Player Account Management (PAM) platform until 2025. The gaming technology and content provider will provide its proprietary aggregated casino content, as well as deliver sports betting products to customers of BetCity.nl. Bragg Chairman and CEO, Matevž Mazij, stated: “As reflected in BetCity.nl’s strong …

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Entain: streamline will answer difficult questions of growth on all fronts

Entain

Regulatory difficulties have dogged Entain’s Q3 performance significantly according to the group’s leadership, particularly in Germany and the UK with the group facing an ongoing HMRC investigation in the latter. Expect headlines…. In his address to investors following publication of the company’s Q3 results, group Chairman Barry Gibson informed that Entain will go before the courts during Q4 and expects …

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Entain triggers streamline as growth pains compound in Q3   

SBC News Entain triggers streamline as growth pains compound in Q3   

Entain Plc has outlined key initiatives to accelerate its operational strategy and improve the quality of earnings across its business portfolio.  The new plans were disclosed in Entain’s Q3 trading update, as the FTSE100 gambling group reported proforma net gaming revenue (NGR) declines across its Online and Retail units.   Q3 trading is tracked to the revised full-year EBITDA guidance of …

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Amanda Brown named Entain NED ahead of Q3 2023 earnings call

Entain

Amanda Brown has become the latest member of Entain’s senior leadership team, joining the company as a Non-Executive Director (NED) at a time of global expansion across multiple markets. The new hire will also become a member of the FTSE100 gambling group’s Remuneration Committee, working alongside Committee Chair, Stella David, and fellow NEDs Virginia McDowell and Rahul Welde. Prior to …

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Going for growth with Novibet’s George Athanasopoulos in SBC Leaders Magazine

SBC Leaders Issue 28

Strategies for growth is very much the theme of the new edition of SBC Leaders Magazine, as cover star George Athanasopoulos, CEO of Novibet, explains his approach to expansion. In addition to detailing the company’s launch in Latin America and strong performance in Greece, he reveals the reason its plans to go public via a SPAC deal were cancelled and …

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BGC: UK big five bookmakers racing media payments to rise by £30m

William Hill and PA Betting Services renew racing data deal

The financial contribution made to British racing by the country’s largest bookmakers is set to rise in 2024, according to the Betting and Gaming Council (BGC). Payments from Entain, Flutter Entertainment, bet365, 888/William Hill and Betfred will increase by £30m, the standards body and trade association revealed today. This ‘record cost increase to broadcast races’ will see the total payment …

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Entain downsizes Unikrn B2C esports offering

SBC News Entain downsizes Unikrn B2C esports offering

Entain Plc has announced that it will reposition the business of its Unikrn esports venture, scaling down its B2C operations.  This weekend, Entain communicated to media partners that it had shut down Unikrn’s affiliate programme, after which the esports betting platform would stop taking customer deposits from 9 October.  Entain issued the following statement on Unikrn’s closure of its B2C …

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