Tag Archives: Entain

Entain has written to landlords requesting rent cuts ahead of the reopening of the UK’s retail betting sector, which has faced significant financial constraints over the past year. The group currently operates over 3,000 licenced betting shops in over 30 different countries, but the request has only been extended to landlords with leases due to expire within the next two …

Scientific Games processed a ‘record volume of bets’ throughout last week’s Cheltenham Festival, reporting a ‘huge uplift’ of 53% on its OpenSports platform. The OpenSports solution is used by a number of leading sports betting operators including William Hill, Entain’s Ladbrokes and Coral brands and Flutter Entertainment’s Paddy Power and Betfair companies. In addition to the 53% increase in betting …

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 …

Entain Plc has continued to restructure its corporate governance team after confirming the appointment of Mark Gregory as an Independent Non-Executive Director with immediate effect.  Gregory has been appointed as the Chair of the FTSE100 group’s remuneration committee and will also hold a seat on the audit and nomination committees. An expert in corporate finance, business transformation and M&A, Gregory …

Entain Plc has appointed Lieutenant General Ed Davis (CBE), the former Governor of Gibraltar, as the first independent chair of the ‘Entain Foundation’ leading the FTSE100’s global sustainability and social responsibility duties. Lt Gen Davis, who ended his tenure as Governor and Commander-in-Chief of Gibraltar in 2020, will lead the governance oversight of the Entain Foundation – which is formalising …

Entain Plc will maintain its ‘Pitching In’ grassroots football and community funding scheme, despite the 2020/2021 season abandonment ordered by its Trident Leagues partners. The assurance comes following the decision of the Trident Leagues Isthmian, Northern Premier and Southern Leagues to prematurely conclude their seasons due to COVID-19’s impact on staging fixtures. In addition, the cancellation follows Entain making its …

Flutter Entertainment has disclosed that it is weighing up options to list a ‘small shareholding’ of FanDuel on a US stock exchange as a means to accelerate its North American market profile. This weekend, the FTSE100 betting group released a statement detailing that it was evaluating its capital structure in order to help the company achieve its long-term growth objectives. …

Pressure is being placed on UK broadcasters to end the sponsorship of daytime TV programmes by gambling operators.  The All-Party Parliamentary Group on Gambling-Related Harm (APPG) has revealed that it has written to the bosses of ITV and Channel 5 urging the broadcasters to end all daytime sponsorship promoting gambling. The APPG stated that it was deeply concerned that gambling …