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UK – Entain records £842.6m loss and predicts £40m regulatory hit in 2024

Entain has recorded a pre-tax loss of £842.6m in 2023 – significantly down from profits of £102.9m in 2022 – after paying £585m to resolve a probe into alleged bribery at a former Turkish subsidiary, as well as impairment charges related to Australia operations. Shares in Entain have taken a hit this morning following the…

Regno Unito – Entain porta avanti le strategie di uscita con l’obiettivo di operare al 100% nei mercati regolamentati

London-based betting giant Entain has left over 140 grey markets as it looks to address a ‘legacy’ issue of operating in markets without betting regulation and overhaul its compliance. Entain confirmed it had now ‘exited approximately 140 markets where there was no clear path to regulation.’ The list includes several non-entities in the betting world…

UK – Jette Nygaard-Andersen steps down as CEO of Entain

Entain, the global sports betting and gaming group, has confirmed that Jette Nygaard-Andersen, Chief Executive Officer, has informed the Board that she wishes to stand down from the Group with immediate effect. The Board has asked Stella David, currently a non-executive director, to become Chief Executive Officer on an interim basis.  Stella will start this…

Regno Unito – Concessi 12 mesi per lasciare alcuni mercati dell’America Latina

Il Crown Prosecution Service (CPS), la principale agenzia pubblica per lo svolgimento di procedimenti penali in Inghilterra e Galles, ha ordinato a Entain di abbandonare diversi mercati di gioco dell'America Latina. Il 5 dicembre il CPS ha stipulato un accordo di prosecuzione differita (DPA) con Entain plc, l'azienda globale di scommesse sportive e giochi online (proprietaria di Ladbrokes e Coral...

Stati Uniti – Entain completa l'acquisizione di Angstrom Sports

Entain ha completato l'acquisizione di Angstrom Sports, un fornitore specializzato di modellistica sportiva di prossima generazione, previsioni e analisi dei dati. Il corrispettivo iniziale di 81 milioni di sterline doveva essere pagato al completamento, con ulteriori pagamenti contingenti per un totale massimo di 122 milioni di sterline, pagabili in tre anni. L'offerta proprietaria di Angstrom garantisce a Entain servizi interni altamente sofisticati di previsione, analisi, rischi e…

Turkey – Entain prepares for Turkish settlement with £585m set aside

Entain, the global sports betting, gaming, and interactive entertainment group, announced that it has taken a £585m provision in respect of its ongoing deferred prosecution agreement (DPA) negotiations with the Crown Prosecution Service (CPS). The company previously announced an investigation by HMRC into its legacy Turkish facing business, which it sold in 2017, and subsequently…

Regno Unito – Mantenersi sulla buona strada per un 2023 forte

With revenue up 19 per cent in the first half of the year, Entain, the global sports-betting, gaming and interactive entertainment group, has said it is on course to deliver EBIDTA in the range of £1,000m to £1,050m. The company stated: “Following recent acquisitions and an encouraging start to H2 we expect FY 2023 Group…

USA – Continua la serie di acquisizioni di Entain con Angstrom Sports

Entain has acquired Angstrom Sports, a specialist provider of sports modelling, forecasting and data analytics, for an initial fee of £81m with a potential further £122m contingent on hitting various milestones over the next three years. Angstrom is the latest in a series of acquisitions, following in the lucrative footsteps of STS, Sportsflare, 365scores, BetCity…

Polonia – Entain fa un'offerta per STS, l'operatore di scommesse sportive numero uno in Polonia

Entain, the global sports-betting, gaming and interactive entertainment group is launching a tender offer to acquire 100 per cent of STS Holding for £750m. STS is the leading sports-betting operator in Poland and is listed on the Warsaw Stock Exchange. The Offer will be priced at PLN 24.80 per share, valuing the equity value of…