The board of Entain Plc has lifted the firm’s full-year EBITDA guidance to be in the range of £850-to-£900 million, citing a strong H1 performance. This morning Entain published its interim trading update, registering total group revenues up 11%, as the FTSE100 gambling group updates investors on its UK retail reopening and international expansion projects. Headline results, saw Entain declare …
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Entain: UK fans back Les Bleus ahead of EURO 2020
Entain anticipates that more than three million people will place bets on EURO 2020, with almost half of UK fans backing France to be the tournament’s winners. Ahead of the tournament starting tomorrow, Entain – the operating firm heritage bookmakers’ Ladbrokes and Coral – has revealed that its UK customers have placed the most bets so far with many putting …
Read More »Entain Foundation backs Chance for Childhood’s Ghana project
Entain Plc has incorporated child poverty and equality charity ‘Chance for Childhood’ as a new global partner of its flagship Entain Foundation CSR programme. Working with Chance for Childhood, the FTSE100 gambling group has launched a new pilot project titled ‘Change the first 1,000 Days’ that will support 600 out of school children in street situations in Accra, Ghana, to …
Read More »Entain monitors sale of William Hill’s European assets
The leadership of Entain Plc is closely monitoring the planned sell-off of William Hill’s UK and European assets by new owner Caesars Entertainment. Group CEO, Jette-Nygaard Andersen, disclosed to Bloomberg that the FTSE100 firm was looking at the possibility of acquiring William Hill’s UK/European divisions, which are set to be divested by Caesars Entertainment as new owner of the heritage …
Read More »Entain Party brands join McLaren Racing sponsorship roster
Sports betting and entertainment group Entain Plc’s PartyCasino and PartyPoker brands have entered into a multi-year partnership with the McLaren Racing team. The alliance, which is built on ‘a shared track record of delivering entertainment through cutting-edge innovation’, according to a joint statement, will be underpinned by a common approach to safety and responsibility. From the Monaco Grand Prix onwards, …
Read More »Entain makes £100,000 commitment to India pandemic relief
Entain has committed £100,000 to assist with relief efforts in India, as COVID-19 cases in the country continue to surge amid a new strain of the virus. The donation will be primarily utilised to fund purchases of medical supplies – such as the essential drugs Remdesivir, Tocilizumab and Dexamethasone, used for the treatment of the virus – as well as …
Read More »Entain launches shared ownership initiative
Entain has launched its ShareSave shared ownership plan, enabling over 22,500 to participate and acquire shares in the company as it expands globally. The group operates over 2,885 Ladbrokes and Coral high street bookmakers across the UK and Ireland, and over 14,000 people employed at these venues can apply to join the shared ownership scheme. Employees can join by making …
Read More »Entain readies for full unit comeback as lockdown impacts Q1 trading
Entain Plc has stated confidence in achieving its 2021 growth objectives, despite COVID-19 restrictions hampering the performance of its Ladbrokes Coral retail unit. Publishing its Q1 trading update, Entain reports a 13% decline in group net revenues, attributed to its restricted retail unit, which recorded a 99% decline in NGR as ‘almost all estates were closed during the quarter’. The …
Read More »Enlabs acquisition drives Entain’s international expansion
Entain’s acquisition of Swedish iGaming operator Enlabs AB and Portuguese online sportsbook Bet.pt has driven a 30% expansion in its international operations. A leading operator in the Baltic region, the Enlabs acquisition has enabled Entain to enter this market for the first time in its operating history via the Optibet brand. Enlabs is a market leader in Latvia, the second …
Read More »Entain to deploy new affordability model across UK brands
Entain Plc will deploy a ‘new affordability model’ across its entire UK brand portfolio, to detect customers at ‘greatest risk of potential financial harm’, ensuring early intervention from its customer care teams. The model – which has been ‘under development for the past 18-months’ – has been configured by Entain’s proprietary ‘ARC’ (Advanced Responsibility and Care) safer gambling player monitoring …
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