Tag Archives: Entain
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…
US – Entain completes Angstrom Sports acquisition
Entain has completed its acquisition of Angstrom Sports, a specialist provider of next generation sports modelling, forecasting and data analytics. The initial consideration of £81m was payable on completion, with additional contingent payments totalling a maximum of £122m, payable over three years. Angstrom’s proprietary offering secures Entain with highly sophisticated in-house forecasting, analytics, risk and…
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…
UK – Entain on course to deliver strong 2023
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…
US – Entain’s acquisition streak continues with 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…
Poland – Entain makes bid for STS, the number one sports-betting operator in Poland
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…
