Tag Archives: Jette Nygaard-Andersen

Entain has appointed Ricky Sandler to its board of directors in a bid to improve investor relations and maximise shareholder value.  Sandler – founder of a global investment management organisation Eminence Capital – has been vocally critical of the FTSE 100 gambling group’s strategy in 2023. He will also join Entain’s People & Governance and Capital Allocation committee, both with …

Jette Nygaard-Andersen, CEO of global betting and gaming giant Entain, has resigned from her position with immediate effect. Nygaard-Andersen told the FTSE 100-gambling group’s board that she wishes to stand down, with the news following the resolution of HMRC’s investigation into the company’s former Turkish-facing business. Entain Chair Barry Gibson commented on Nygaard-Andersen’s departure from the company, thanking her for …

US casino giant MGM Resorts will not be making a bid for the whole of Entain as the pressure from activist investors on the UK group’s CEO Jette Nygaard-Andersen shows few signs of easing following last week’s Financial Times reports of shareholders moving against her. According to sources close to the group, the US casino giant is “not interested” in bidding …

Entain Plc has notified stakeholders of major share purchases initiated by leadership and board members as a sign of confidence in the long-term prospects of the FTSE100 gambling group.  A notification of share transactions on 8 November detailed that Chairman Barry Gibson had purchased 93,600 Entain shares. The transaction, valued at approximately £870,000, sees Gibson increase his personal shareholding in …

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 …

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 …

Entain Plc has announced the completion of its acquisition of Angstrom Sports to enhance the in-play sports betting capabilities of US joint-venture BetMGM. The deal, first announced on 17 July, will see Entain pay an initial consideration of £81m to acquire Angstrom, a dedicated specialist on sports modeling, forecasting and match analytics for all major US sports. Angstrom’s buyout is …

Entain remains confident in achieving its full year revenue expectations despite experiencing ‘mixed’ trading during the third quarter, according to an update this morning from FTSE100 gambling group. The company is due to announce its Q3 trading update on 2 November, but detailed to investors that some aggravating factors have posed hurdles in Q3, including ‘adverse sporting results’ impacting sports …

The Entain that operates today has ‘no resemblance’ to its forerunner GVC Holdings, Chairman Barry Gibson informed investors this week after the group’s H1 trading results Britain’s HMRC tax office has been conducting an investigation into Entain for a dispute involving the Turkish online betting and gaming business operated by GVC Holdings which was dissolved in 2017. In 2020, GVC …

Further to this morning’s announcement of H1 2023 interim results, Barry Gibson, Chairman of Entain Plc, has issued a separate statement on the FTSE100 firm’s ongoing HMRC investigation. The news that corporate governance had reserved a £585m legal provision to settle the HMRC dispute related to the former Turkish business terminated in 2017 dominated Entain’s half-year results. “Whilst negotiations with …