Last Thursday, Entain Plc published its full-year accounts revealing the scars of a problematic 2023. The long-awaited results of the FTSE100 gambling group left no place for hiding as leadership declared corporate losses of £900m. Though leadership maintains that dire 2023 results were down to legacy failings, under the bonnet, the year-end accounts detailed growing concerns across all markets including …
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A few months after announcing the planned launch of its sports betting venture in the UK market, DAZN believes it is poised to capitalise on shifts in bettor habits. A report this morning from the Financial Times (FT) quoted DAZN group CEO Shay Segev as stating the firm’s betting offering will cater to changing consumer trends among UK bettors, whilst …
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The financial uncertainty and volatility of global markets continue to impact the online gambling sector as 888 Holdings is reportedly struggling securing investors to back its £1bn bond. During H1 trading, 888 proceeded to issue a £1bn debt bond, needed to finalise its £1.9bn takeover of William Hill’s UK and international units from Caesars International. The debt bond, made-up of …
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Blexr has moved to strengthen its day-to-day media and marketing operations by appointing two new executives to join its senior management team. The Malta and Barcelona-based publisher has confirmed the appointment of Nick Walker as Chief Operating Officer (COO), joining Blexr from iTech Media, where he formerly served as Head of Agile Delivery. An expert in media operations and product …
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UK business news sources have valued the potential merger of FTSE-listed William Hill Plc and Toronto TSX operator Amaya Inc at a combined value of £4.5-5 billion. On late Friday, William Hill and Amaya governances declared that they had entered initial talks discussing plans for an ‘all stock merger of equals’. The governances’ further detailed that the potential merger was …
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The Financial Times has labelled FTSE-listed online betting operator GVC Holdings (GVC) the gambling industry’s ‘Dark Horse’ as its corporate value hits the £2 billion mark. Since its £1.1 billion takeover of bwin.party Entertainment (deal completed February), GVC’s growth rate has surpassed competitors 888 Holdings and Ladbrokes Plc. Its takeover of bwin.party assets has transformed the company, which according …
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UK business news source The Financial Times (FT) has profiled bet365’s founder and Co-CEO Denise Coates. The profile, written by Enterprise Editor Andrew Bounds, describes Coates as the ‘driving force’ behind the operator’s success and rapid growth. In a period of 15 years bet365 has become the world’s largest online gambling operator employing more than 2000 staff, making the company …
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The Financial Times (FT) has reported that Gala Coral governance are preparing for a potential IPO post the UK General Election (7 May). The newspaper reports that the operator is targeting a potential Q4 2015 float. Gala Coral governance will examine whether market conditions are favourable post the election as the UK gambling market may be hit with further constraints …
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Gala Coral has made a positive move to divest its bingo division by recruiting Lazards to set up a sale, according to the latest reports in the Financial Times. Any sale would allow the company to concentrate on its betting business, mainly the UK’s third biggest retail estate. The gambling operator is hoping that its 135 bingo halls will generate …
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The UK Financial Times reports that UK sports betting operators are in a battle to secure new customers ahead of the proposed 2015 igaming taxation. The top six UK Sports betting operators – Paddy Power, Bet365, Betfair, Coral, William Hill and Ladbrokes will break all previous records on industry TV adspend in order to gain new customers in 2014, prior …
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