Tag Archives: Jette Nygaard-Andersen

Entain’s leadership is adamant that it can deliver on the fronts of M&A integrations, UK regulatory adjustment and US market profitability to maintain the FTSE100 gambling group’s growth momentum and valuation.     Following publication of the group’s Q3 trading results this morning in which Entain reported a 2% GGR increase, CEO Jette Nygaard-Andersen and CFO and Deputy Rob Wood answered questions …

Looking ahead to a busy sporting schedule and continued international momentum, Entain has projected a full year revenue of $1.3bn, following progress in the third quarter. Issuing its Q3 trading update to investors this morning, the FTSE100 group revealed that NGR had risen by 2% from July to September, driven by 6% year-on-year uptick in customers to reach a ‘record …

Entain Plc has reported that it continues to achieve strategic objectives, as its business benefits from a ‘broader recreational customer base’ across regulated markets. Publishing its Interim 2022 trading results, the FTSE100 gambling group declared a ‘robust H1 performance’ against challenging global economic and regulatory headwinds. H1 trading saw Entain generate group net-gaming-revenues (NGR) of £2.11bn, up 18% on comparative …

Entain and the Trident Leagues have extended their community sports investment-based partnership, providing ‘critical funding’ to the Northern Premier, Isthmian and Southern leagues. Backed by the Entain Foundation under the ‘Pitching In’ banner, the funding covers all 248 clubs that make up steps three and four of the national league system. The group initially launched the Pitching In partnership in …

Entain has bolstered its senior leadership, making two internal promotions to appoint a new Chief Technology Officer (CTO) and Chief Commercial Officer (CCO). The vacancies will be filled by Shailendra Maurya (CTO) and Dominic Grounsell (CCO), two established members of Entain’s management team, having worked at the company for four years and three years respectively. Maurya’s tenure with the FTSE100 betting …

Following its Q2 2022 earnings update, Entain has detailed continued focus on its M&A strategy as well as sustainability, as regulatory judgements in the UK loom.  Sharing their perspectives in an investor earnings call, group CEO Jette Nygaard-Andersen and CFO Rob Wood explained that the FTSE100 gambling firm’s acquisition strategy was ‘active as ever’.  Assessing Entain’s global operations, Nygaard-Andersen pointed …

Entain Plc’s trading momentum has dragged amid a tougher regulatory backdrop and a weaker macroeconomic environment reducing customer spend. The bellwether for online gambling PLCs this morning published a snapshot interim 2022 trading update, which saw the FTSE100 group maintain NGR growth of 18%. Group growth was attributed to robust retail trading as Ladbrokes Coral and Eurobet Italia units recorded …

Entain Plc has agreed to acquire BetEnt BV, the Dutch licensed operator of BetCity.nl, in a move to secure a leading presence within the Netherlands’ newly regulated online gambling regime. This morning, FTSE100 Entain announced that it had entered a deal to acquire BetEnt’s entire share capital from owner Sports Entertainment Media BV for an initial consideration of €300m (£257m). …

Entain has witnessed a 7% reduction in absolute GHG emissions from 2020, as well as revealing a majority of its revenue stems from domestic regulated markets.  Publishing its 2021-22 ESG report, which sets out the firm’s approach to, and performance on, sustainability and ESG related issues, the operator revealed that, alongside the aforementioned, its UK and Republic of Ireland retail …

Entain Plc’s 2022 performance began in line with corporate expectations, as its business units and brand portfolio are matched against tough 2021 like-for-like comparatives.  Publishing its Q1 2022 trading update, Entain reported that group NGR was up 31%. This, it said, was supported by the return of its retail unit performance which achieved a 1,000% NGR uptake against 2021 lockdown …