Tag Archives: Entain
Entain considering ‘concise statement’ of AUSTRAC’s commencement of civil penalty proceedings
Entain, the global sports betting and gaming group, it is ‘carefully considering the Originating Application and Concise Statement filed and served by AUSTRAC,’ who has commenced civil penalty proceedings in the Federal Court of Australia against the group’s subsidiary in Australia. Gavin Isaacs, CEO of Entain, commented: “We note the allegations made, which we take…
Entain facing civil penalty proceedings in the Federal Court of Australia
AUSTRAC commenced civil penalty proceedings in the Federal Court against Entain Group, which operates online betting sites including Ladbrokes, Neds and other online betting brands. The proceedings allege serious and systemic non-compliance with Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws. AUSTRAC CEO Brendan Thomas said the agency considers there were systemic failures in Entain’s…
Entain ups guidance after first half increase of eight per cent
Entain, the global sports betting and gaming group, has upped its guidance range after its first half revenue showed growth of eight per cent to reach £2.9bn with BetMGM delivering sequential quarterly revenue growth to hit $1bn in net revenue whilst stabilising market share, ahead of further expected investment in the second half of the…
Entain appoints Gavin Isaacs as new CEO
Entain, the global sports betting and gaming group, has announced that Gavin Isaacs has been appointed as Chief Executive Officer, effective from September 2 2024. Mr Isaacs has over 25 years of experience across the global sports betting, gaming and lottery industries. His broad leadership experience has been built through previous roles within companies including…
Entain launches live gameshow modeled on The Chase
In the first of its kind to market, Entain, the global sports betting and gaming group, announces the launch of a new live gameshow – The Chase – modeled on the popular ITV gameshow which attracts up to four million viewers daily in the UK. The new gameshow has been developed in partnership with ITV…
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…
UK – Entain continues exit strategies as it looks to operate 100 per cent in regulated markets
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…
UK Â – Entain given 12 months to leave certain markets in Latin America
The Crown Prosecution Service (CPS) the principal public agency for conducting criminal prosecutions in England and Wales has ordered Entain to leave a number of Latin American gaming markets. On 5 December The CPS entered into a deferred prosecution agreement (DPA) with Entain plc, the global online sports betting and gaming business (owner of Ladbrokes and Coral…
