Tag Archives: FTSE

Flutter stands by global recreational focus ahead of H2 turnaround

SBC News Flutter stands by global recreational focus ahead of H2 turnaround

Flutter Entertainment has reported difficult first-half trading, as the FTSE100 betting group widened its year-on-year operating losses to £112m (H12021: £86m). Publishing its H1 2022 interim results, Flutter stated that earnings and profit reflected a period of known regulatory and macroeconomic challenges, highlighted by leadership at the start of the year. Period trading saw the group continue to register headline …

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888 interim results on target ahead of William Hill takeover on 1 July

SBC News 888 interim results on target ahead of William Hill takeover on 1 July

888 Holdings expects its 2022 interim revenues to be “broadly” in line with corporate expectations, as the FTSE250 igaming group navigates a tougher European regulatory climate. In process of finalising its £2 billion acquisition of William Hill – 888 expects interim revenues to be between £330-and-£335 million range, for the six months to 30 June. The board of 888 noted …

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Parvus activist fund builds shareholding in Flutter Entertainment

SBC News Parvus activist fund builds shareholding in Flutter Entertainment

Flutter Entertainment Plc has disclosed that London activist fund Parvus Asset Management has built a 7.1% shareholding in the FTSE100 betting group. The activist’s shareholding was brought to the public’s attention, as Flutter informed investors that Parvus had reached its ‘7% threshold on voting rights’ that required disclosure to markets. Parvus’ 7.1% shareholding has been built by ‘way of equity …

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Flutter hails £24m social impact of #ClubsinCrisis fund

SBC News Flutter hails £24m social impact of #ClubsinCrisis fund

Flutter Entertainment has revealed that its #ClubsinCrisis fund has generated £24 million in social/community benefits according to independent research conducted by Newton for a charity partner Made by Sport. The FTSE100 betting group launched its #ClubsinCrisis fund in March 2021, forming its Cash4Clubs partnership with Made by Sport – a UK  charity that champions local sports development as a vital …

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Mor Weizer: Playtech reaps big rewards of Latin American JV gambles 

SBC News Mor Weizer: Playtech reaps big rewards of Latin American JV gambles 

In what may well be his last conference call as Group CEO of Playtech Plc, Mor Weizer highlighted to investors the firm’s dominance across nascent Latin American markets as the group’s joint-venture partnerships continue to dictate the state of play.  Weizer, who has chosen to freeze his leadership of the FTSE250 technology group to support the takeover by Hong Kong …

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Gopher withdraws from Playtech bidding war

SBC News Gopher withdraws from Playtech bidding war

Gopher Investments has withdrawn from its pursuit to acquire Playtech Plc, confirming that it will propose no counteroffer to investors of the FTSE250 gambling technology group. The Hong Kong investment vehicle that maintains a 5% shareholding in Playtech, had previously stated its intent to table a counteroffer against the £2.7 billion deal put forward by ASX games manufacturer Aristocrat Leisure. …

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Playtech joins All-in Diversity Project to strengthen its ‘Sustainable Success’ charter

SBC News Playtech joins All-in Diversity Project to strengthen its ‘Sustainable Success’ charter

The All-in Diversity Project (AiDP) has welcomed Playtech Plc as its latest member, as the FTSE250 technology group commits to participating in the non-profit’s workforce diversity and employment equality and inclusion directives.   The membership follows Playtech launching its ‘Sustainable Success’ – corporate responsibility programme, establishing the tech firm’s CSR l goals in a new decade of complex socio and environmental …

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Entain champions diversity and carbon neutrality as new ESG objectives

SBC News Entain champions diversity and carbon neutrality as new ESG objectives

Entain Plc has published its Environmental Social and Governance (ESG) 2020/2021 report, tracking the FTSE100 gambling group’s progress on its corporate charter and sustainability objectives.  Establishing its new identity as Entain, in November 2020 the group launched its ‘Sustainability Charter outlining its ambitious plans to lead the ‘global gambling sector in an era of sustainability and corporate conduct’. The charter is …

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888 forms new CSR committee led by Lord Mendelsohn 

SBC News 888 forms new CSR committee led by Lord Mendelsohn 

The board of 888 Holdings has formed a new ‘Environment, Social and Governance’ (ESG) committee to help structure and guide the FTSE250 online gambling group’s corporate social responsibility (CSR) duties and objectives. The ESG Committee will be led by Lord Jon Mendelsohn, 888’s forthcoming non-executive Chairman who will take leadership of the firm’s corporate governance duties from May onwards.  A …

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Entain strengthens credit check duties with Synalogik  

SBC News Entain strengthens credit check duties with Synalogik  

Entain Plc has partnered with financial security technology services provider Synalogik to deepen its verification and risk reporting accuracy protecting its group-wide customers. The FTSE100 group becomes the first major igaming operator to deploy Synalogik credit check and financial assessment systems, used by companies such as NatWest, O2, Telefonica, and Innovate UK.   A developer of customised credit verification systems for …

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