Entain Plc has published all documents related to a proposed plan to bookbuild £600m in new capital, which will be primarily used to acquire STS Group – Poland’s largest bookmaker. The London Stock Exchange (LSE) has been informed that shares of the FTSE100 gambling group will be offered to institutional investors through an accelerated bookbuild process. In addition, Entain will …
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Entain esports goals on track as Tidal completes Sportsflare sale
Entain has secured yet another inroad on its M&A crusade, as Tidal Gaming Group has announced that the sale of its Sportsflare subsidiary to the global gambling company has been completed. The acquisition – described by Entain at the time as ‘arms length’ – was first announced in March 2023 at a purchasing price of $13.25m for all assets of …
Read More »Entain lays out new commercial vision for TAB NZ & 365scores
Big plans are underway at Entain, according to two of the group’s leading executives in separate investor presentations, providing analysis of the company’s partnership with TAB NZ and acquisition of 365scores. Entain expects these plans to bring about EBITDA of between £15m-£20m in 2024 and subsequent growth by 2025 of 50%. In their respective presentations, Dean Shannon and Sameer Deen …
Read More »Entain showcases rewards of its highest industry commitment to ESG
Entain Plc has lauded the significant milestones achieved during the past 12 months to strengthen the FTSE100 global gambling group’s Environmental, Social, and Governance (ESG) standards. As outlined in its ‘2022/2023 ESG Report‘, Entain has demonstrated an “unwavering commitment to sustainability and ethical business practices”, recognised as pillars central to the company’s long-term strategy and sustainability of business across all …
Read More »Entain faces HMRC settlement over former Turkish affairs
Entain Plc has this morning notified investors that it is engaged in ‘advanced talks’ with the Crown Prosecution Service (CPS) in response to a ‘deferred prosecution agreement’ (DPA) related to an ongoing investigation by HM Revenue & Customs (HMRC). The investigation relates back to 28 November, 2019, when UK subsidiary Entain Holdings Limited received a ‘production order’ from HMRC related …
Read More »Rumours circulate of Kindred sale in aftermath of executive departures
Following a series of departures from the firm’s Board, Kindred Group is reportedly accelerating plans for a potential sale of the company to a larger gambling conglomerate. Bloomberg reports that the Stockholm-listed 32Red and Unibet parent company is evaluating merger or sale options with Morgan Stanely, PJT Partners Inc and Canaccord Genuity Group. The business news outlet further asserts that …
Read More »Premier Greyhound Racing draws ‘plan for the future’ in broadcast schedule
Premier Greyhound Racing (PGR) has announced its schedule of fixtures to be offered to its digital, retail and international subscribers. The new schedule will see the organisation stage 59 meetings per week across its portfolio of tracks, and pledges to put fans of the dogs ‘at the heart of the action’. Races are scheduled throughout the day and night. Fans …
Read More »BetCity.nl upgrades Vitesse sponsorship for new Eredivisie season
BetCity.nl, the flagship Dutch sportsbook property of Entain Plc, has once again enhanced its sponsorship of Eredivisie football club SBV Vitesse Arnhem. Starting next season, BetCity.nl will become the principal sponsor of Vitesse, moving its brand logo from the back to the front of the club’s shirt. The partnership between BetCity.nl and Vitesse began in January 2022, with the sportsbook …
Read More »Robert Hoskin to step down from Entain ESG leadership
Robert Hoskin will vacate his position as Entain Chief Governance Officer (CGO), the international betting and gaming group confirmed this morning after nearly two decades with the company. Hoskin will step down from the Board on 30 June 2023, although he will continue serving in an unnamed capacity until 31 August, with his responsibilities assumed by Simon Zinger, the FTSE100 …
Read More »GambleAware: 2022/23 operator donations underscore RET levy importance
GambleAware has published its donor list for 2022/23, revealing that the four largest UK betting operators contributed the lion’s share of funds, a continuation of a long-running trend. The total number of donations as of 31 March 2023 was £46.5m, with the four largest bookmakers – bet365, Flutter Entertainment, Entain and Wiliam Hill – contributing a total of £42.9m together, …
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