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Business
April 22, 2021
BetMGM: First Quarter 2021 Revenue 90% of 2020 Total
BetMGM, a US sports betting and iGaming brand, released some details regarding its first quarter financial performance ahead of the official release and press conference on April 28, 2021. The company jointly owned by MGM Resorts International and Entain released the figures during its investor day event. Exceptional First Quarter BetMGM announced as part of […]
Business
April 15, 2021
Entain Reports Strong Momentum in Beginning of 2021
Entain’s 1Q2021 financial results show a strong start to the year with growth across all major online markets. Entain Ready to Challenge Second Place in the US Today, global sports-betting and gaming entertainment group Entain posted its financial results for the period from 1 January to 31 March 202. The company reported a 33% rise […]
Industry
March 29, 2021
Entain: Gender Pay Gap Stands at 7.1% in 2020 vs UK Average of 15.5%
Entain’s pay between male and female employees in the business in 2020 is below the UK average, according to the company’s recent gender pay gap report. Gender Parity in Retail Business Beneficial for Low Pay Gap The sports betting and gambling company announced its median hourly pay gap for 2020 is 7.1%, which is lower […]
Business
March 29, 2021
Tabcorp Turns Down Entain $3bn Bid, Says It’s “Little Light”
After a month to consider, Tabcorp has turned down a $3bn bid by Entain for the company’s wagering and media division, arguing that the bidder has underestimated the company’s actual value. Tabcorp Says No to $3bn Entain Bid Tabcorp has formally rejected a $3 billion bid by Entain this morning and has launched a broad strategic review […]
Business
March 23, 2021
Entain Requests Rent Cuts Ahead of Retail Sector Re-Opening
Global sports betting and gaming group Entain requested landlords in the UK for rent cuts for its high-street betting shops ahead of the planned re-opening of the retail gambling sector in the country. Rent Reduction Will Ensure Business Sustainability The owner of Coral and Ladbrokes sent the letter only to landlords which have leases due […]
Business
March 22, 2021
Entain’s Acquisition of Enlabs Moves Forward
Approximately 94% of Enlabs’ shareholders approved Entain’s offer for acquisition at SEK53 per share. This sets a price tag for the acquisition of approximately SEK 3.7 billion. The Majority of Enlabs’ Shareholders Accepted Entain’s Offer Entain, the global betting and gaming group, announced today that its takeover of Enlabs AB moved one step forward. The […]
Legal
March 18, 2021
Entain Foundation to Fund Consumer Research in Ontario
Global betting and gaming group Entain announced today a research initiative into consumer practices, preferences, and behaviors in Ontario, Canada, will be funded via the Entain Foundation. RGC Tasked with the Research The research into consumer behavior in the Canadian province will be conducted by the Toronto-based nonprofit Responsible Gambling Council (RGC) as regulators in […]
Business
March 18, 2021
Entain Names Mark Gregory Independent Non-executive Director
Entain announced on Wednesday that it hired the services of Mark Gregory. In his new position, he is going to serve as an Independent Non-Executive Director, effective immediately. Mark Gregory Joins Entain as Independent Non-executive Director Global sports-betting and gaming group, Entain plc, announced on Wednesday that it appointed Mark Gregory as an Independent Non-Executive […]
Sports
March 10, 2021
Entain and TCF Deliver First 27 Grants to Football Clubs
Global betting and gaming group Entain announced its first grant offers to 27 football clubs in England and Wales under the “Pitching In” program and in partnership with the Trident Leagues. Pitching In Program Delivers Entain and the 3 Trident Leagues, the Isthmian, Northern Premier and Southern Leagues, set up the Trident Community Foundation (TCF) […]
Industry
March 9, 2021
Entain Receives Regulatory Approvals for Enlabs Acquisition
Entain Plc announced in a press release today it fulfilled the condition with regards to the receipt of necessary regulatory approvals related to the pending offer to buy shares of Enlabs AB. Regulatory Conditions Satisfied The global sports betting and gaming group received all the necessary approvals from relevant competition and gaming authorities and is […]