By Jerome García

Business

After Stellar 2020, Entain Enters 2021 with Good Momentum

January 21, 2021

2020 was a stellar year for Entain, according to the company’s most recent financial year report. After observing a 27% growth of online net gaming revenue, the company enters 2021 with good momentum. Entain Reveals Its Q4 2020 and Financial 2020 Update The global sports-betting and gaming entertainment company, Entain plc released its trading report […]

By Mike Johnson

Industry

Jette Nygaard-Andersen Confirmed as Entain’s Chief Executive

January 21, 2021

Entain officially confirms Jette Nygaard Andersen as its new chief executive along with appointing Rob Wood as vice CEO. Nygaard-Andersen Steps in as Entain CEO Speculation season is over and Entain Plc has confirmed Jette Nygaard-Andersen as its new chief executive following the announcement that Shay Segev, the outgoing CEO, will step down and move […]

By Julie Moraine

Business

MGM Resorts Would Not Table a Firm Takeover Bid for Entain

January 19, 2021

Las Vegas-based gaming and hospitality company MGM Resorts announced Tuesday it would not proceed with a firm bid for Entain PLC after having its latest proposal worth $11 billion rejected. All-Stock Bid Swiftly Rejected MGM Resorts offered an all-stock deal to Entain shareholders in which each share at the Isle of Man-registered gaming group would […]

By Julie Moraine

Business

Alta Fox Capital Would Block Entain’s Bid for Enlabs

January 18, 2021

Entain’s £250 million bid for Baltic gaming operator Enlabs AB is on the verge of collapsing after a second large shareholder of the Stockholm-listed company vowed to block the deal, EGR reports. Alta Fox Capital Management, a hedge fund holding 3.34% stake in Enlabs stated it would reject the purchase at the proposed price. Bid […]

By Mike Johnson

Business

Entain Looking to Appoint Jette Nygaard-Andersen as CEO: Sources

January 15, 2021

In the midst of a takeover bid from North American partner MGM Resorts, the rebranded GVC Holdings, Entain, is reportedly seeking to appoint Jette Nygaard-Andersen as permanent CEO to take over from departing CEO Shay Segev. Jette Nygaard-Andersen to Potentially Take Entain’s Top Job Entain is reading up to inaugurate its first female chief executive, […]

By Julie Moraine

Business

Entain Should Up the Bid, Enlabs Large Shareholder Suggests

January 14, 2021

Entain’s acquisition bid to Baltic operator Enlabs AB disappointed some shareholders of the acquired company, a report in EGR reveals. Earlier in the month, the wholly-owned by Entain Malta-based subsidiary Bwin Holdings offered SEK2.8 billion for the Nasdaq First North-listed operator. Entain’s Acquisition Bid in Tatters The tabled bid of SEK40 per share “significantly undervalues […]

By Mike Johnson

Industry

Ninja Casino Could Relaunch in Sweden under Entain’s bwin Brand

January 12, 2021

Defunct Ninja Casino iGaming brand is now looking at a new chance to return to business as Entain is taking over Enlabs AB and looking to restore the iconic brand in Sweden. Ninja Casino Is Coming Back to Sweden, Eventually Entain is looking to recover the Ninja Casino brand in Sweden once it finalizes its […]

By Stoyan Todorov

Business

Entain CEO Shay Segev to Withdraw for a Position in DAZN

January 11, 2021

Entain’s CEO, Shay Segev, is leaving the company to take up a position at DAZN, a global streaming giant. Entain Sees Shay Segev Go to DAZN Only six months after stepping in at the helm of Entain, and steering the company to an ambitious future, Shay Segev, the now-departing CEO, has decided to move on […]

By Fiona Simmons

Industry

IAC to Support MGM Entain Takeover Bid

January 10, 2021

MGM Resorts shareholder IAC ready to invest US$1 billion in Entain acquisition MGM and Entain Could Become Global Gaming and Entertainment Leader Media and internet company IAC/InterActiveCorp vowed to help MGM Resorts International in its bid to acquire British online betting firm Entain PLC. The US media giant, founded by Barry Diller, boasts a 12% […]

By Julie Moraine

Business

Entain’s Bwin Holdings Tabled Cash Bid to Enlabs Shareholders

January 7, 2021

Global sports betting and gaming group Entain plc announced today its wholly-owned Malta-based subsidiary Bwin Holdings tabled a cash offer of SEK40 per share to shareholders of Enlabs AB. Bid Unanimously Recommended to Enlabs Shareholders The proposed bid which values Enlabs at around SEK2.8 billion was endorsed by the Independent Bid Committee of the Nasdaq […]