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Legal
February 17, 2025
Ex-Entain Executives Seek Legal Action over Privileged Information
Ex-Entain CEO Kenneth Alexander and former chairman Lee Feldman have filed a legal claim against the gambling giant and its long-standing legal adviser Addleshaw Goddard (AG) for alleged unauthorized disclosure of confidential information during a £615 million ($775 million) deferred prosecution agreement (DPA) regarding historic bribery failings. This case follows similar legal action against the […]
Industry
February 13, 2025
MGM Advances Plans to Control Las Vegas Sportsbooks
The leading gaming and hospitality operator with a strong presence on the Las Vegas Strip, MGM Resorts Internation, made a major step toward managing BetMGM, the joint venture it owns in collaboration with Entain. The process continues to gain traction, after a recent hearing with the Nevada Gaming Control Board (NGCB). MGM Resorts Will Leverage […]
Business
February 11, 2025
Entain CEO to Change Again with Gavin Isaacs’ Departure
The global sports betting and gaming group, as well as FTSE100 company, Entain plc, announced unexpected changes to its senior-level team. On Tuesday, the company confirmed that its newly appointed Chief Executive Officer (CEO), Gavin Isaacs, is stepping down from his role. The Company Will Once Again Seek New CEO It was back in July […]
Industry
February 5, 2025
App Used for Baby Monitoring Displays Ladbrokes Ads, Alarming Parents
Earlier this week, the UK Gambling Commission, the country’s gambling regulator, announced changes to deposit limits, as well as player fund protection. The move comes at a time when an overhaul of the gambling sector is ongoing and seeks to make the country’s laws fit for the digital age, ensuring the protection of consumers. Yet, […]
Sports
January 29, 2025
Entain: Tennis Bets, Second-Most Popular in the US and the UK
One of the largest sports betting and gaming groups built on proprietary technology, Entain, has released a fresh report revealing tennis as the second-ranking sport in terms of the number of in-play bets across the UK and US markets. Bettors Rely on Momentum Swings Entain attributes tennis’ popularity to momentum swings, where bettors use real-time […]
Business
January 23, 2025
MGM May Consider Bid for Entain or Remaining Stake in BetMGM
Several years ago, the leading hospitality and gaming company, MGM Resorts International, filed a bid to acquire Entain Plc. The proposed takeover of the partner with which the company holds 50% ownership in BetMGM, a leading betting and gaming brand in the US, was ultimately rejected. However, MGM Resorts reportedly may consider a similar move […]
Industry
January 21, 2025
UK Auditing Regulator to Investigate KPMG’s Audit of Entain
The Financial Reporting Council (FRC) of the United Kingdom, an independent regulator responsible for auditors, accountants and actuaries, has launched an investigation into KPMG’s audit of Entain’s financials. The probe comes amid KPMG’s shaky reputation in the wake of recent scandals. FRC to Investigate the 2022 Audit As confirmed by the FRC, the body has commenced […]
Business
January 15, 2025
Crayford Racing Track Confirms Upcoming Closure, Sets Date
In November, Entain confirmed its intention to put an end to the Crayford Greyhound Stadium greyhound track. Now, the track has confirmed the date of its last race as its closure draws near. Crayford Track to Close Before the End of the Month In an official statement, Crayford Racing confirmed that its final races will […]
Business
January 14, 2025
BetMGM & Entain Reaffirm 2024 Guidance amid Mixed Results
Entain plc and its subsidiary BetMGM have reaffirmed their 2024 EBITDA guidance ahead of their financial results report. This follows a recent Entain stock drop of nearly 10% due to market volatility. BetMGM and Entain Reveal Guidance for 2025 One of the world’s largest sports betting and gaming groups, Entain plc, as well as daughter […]
Legal
January 7, 2025
Two Former Entain Execs Sue UK Gambling Regulator
Two senior-level executives who used to be part of the management team of Entain’s predecessor recently filed a lawsuit against the gambling regulator in the UK, the Gambling Commission. Proposed Senior-Level Transition Results in Review by the UKGC That is the case of a legal claim filed by the former chair of GVC Holdings, now […]
