Entain Plc faces a pending lawsuit aimed at compensating institutional investors stung by the FTSE100 firm’s £585m penalty related to a bribery investigation of its former Turkish business by HMRC. Andrew Hill and Matthew Reach, the litigation team of London law firm Fox Williams, are preparing the claim against Entain “on behalf of institutional investors, targeting autumn 2024.” Fox Williams …
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Entain Plc’s leadership duo of CEO Jette Nygaard-Andersen and Deputy Rob Wood have notified investors that 2023 will be a tougher year for the FTSE100 gambling group’s UK arm. Though the firm’s revenue make-up continues to be diversified via M&As, UK brands accounted for 27% of Entain’s online NGR – contributing approximately £840m of the group’s £3.3bn online NGR results …
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Eyeing up stronger planning for financial and investment decisions, Future Anthem has appointed Laura Bird as its Chief Financial Officer. Bird is the artificial intelligence (AI) and data start-up’s first-ever CFO, and will be tasked with ‘spearheading’ financial strategy and coordination alongside other board members. She joins London-based Future Anthem six months after a Bettor Capital-led Series A funding round …
Read More »Entain has celebrated the development and coverage of its ‘Advanced Responsibility and Care’ (ARC) programme which operates across 22 active markets. Hosting its second annual ‘Entain: Sustain’ ESG event, ARC was branded as a game changer for safer gambling, providing real-time predictive modelling on customer behaviour and engagement with products. The programme’s proprietary built ‘Protector Model’ is reported to have …
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UK betting shops, casinos and bingos will be closed on Monday 19 September, to observe and respect Her Majesty Queen Elizabeth II’s state funeral. This weekend, UK gambling’s biggest retail operators individually announced that they would follow high street counterparts and close retail trade on Monday 19 September – a Bank Holiday ordered by the government to host Queen Elizabeth’s …
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Placing a bet can often present quite a few questions – which horse do you go for? Which bookmaker has the best odds? Is there other information available which would better inform your wager? Identifying these questions that punters might have, David Brown (right) set out to create City Bet Club, a members club which seeks to provide the shrewdest …
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Two weeks after being hit with the largest regulatory penalty in UK betting history, Entain is now back under the legal spotlight, as reported by The Times. The paper reports that a high-staking bettor named Simon Rose placed wagers with Ladbrokes in the UK and UAE between 2015 and May 2016, and is now lodging a High Court claim against …
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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 …
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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 …
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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 …
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