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The Latest in entain
Business
January 8, 2024
Jette Nygaard-Andersen Will Take a Break before Pursuing Another Opportunity
Jette Nygaard-Andersen, Entain’s former CEO, departed from the global gaming company recently. Almost a month after her exit, Nygaard-Andersen released a statement on LinkedIn, expressing her thoughts about the departure. Entain’s ex-CEO said that the decision to leave the company did not come easily. She thanked everyone who supported her throughout her three years as […]
Business
January 3, 2024
Entain Names Eminence Founder Ricky Sandler as NED
Global sports betting and gaming giant Entain has unveiled a major new appointment to its team. As announced by the company, the experienced Ricky Sandler will join its team as a non-executive director. The appointment is with immediate effect, Entain added. It also explained that under the UK Corporate Governance Code, Sandler will not be […]
Business
December 20, 2023
Entain May Sell BetMGM Stake or Consider MGM Merger, Analyst
Earlier this month, the global gaming giant, Entain, announced the departure of its CEO, Jette Nygaard-Andersen. The unexpected move resulted in the appointment of the company’s non-executive director, Stella David, as interim CEO, until the hire of a permanent replacement for the senior-level role. Now, a new report released by Seeking Alpha, citing an expert […]
Business
December 18, 2023
Entain Considers New Board Appointment to Answer Investor Concerns
Global gaming and sports betting powerhouse Entain remains wracked by turmoil as the recent departure of CEO Jette Nygaard-Andersen and intensifying shareholder pressures may herald a significant deviation from the management’s original long-term plans. The rumors regarding the potential onboarding of Ricky Sandler, one of the most vocal advocates for change, lend further credibility to […]
Industry
December 15, 2023
ACMA: Entain, Bet365 and Sportsbet Have Violated the In-Play Betting Rules
The Australian Communications and Media Authority (ACMA) announced that it has found a number of operators guilty of breaching the country’s rules on gambling. As reported by the authority, the gambling companies in question used “Fast/Quick Codes” to facilitate in-play betting on sports matches. Violators, according to the ACMA, included Entain’s Ladbrokes and Neds, bet365 […]
Business
December 15, 2023
Entain Faces Activist Pressure as Corvex Management Calls for Change
New York-based hedge fund, Corvex Management, has announced its entry into the ongoing drama surrounding FTSE 100 gambling giant, Entain, as it has acquired a significant 4.4% stake in the Ladbrokes owner. Corvex Spearheads Activist Onslaught, Deeming Current State ‘Unacceptable’ Corvex, led by former Carl Icahn lieutenant Keith Meister, has become the latest activist investor […]
Business
December 13, 2023
Entain’s CEO Jette Nygaard-Andersen Departs with Immediate Effect
Jette Nygaard-Andersen, the chief executive officer of the global gambling giant Entain, has announced her departure from the group. Nygaard-Andersen believes that the recent resolution of the HMRC investigation is a clean inflection point and will therefore leave with immediate effect. Jette Nygaard-Andersen commented on her departure from the team, describing the past three years […]
Business
December 7, 2023
Entain Must Exit Unregulated Markets as Per the DPA
Entain recently reached a deferred prosecution agreement (DPA) with the Crown Prosecution Service (CPS). However, the settlement also says that Entain will have to exit unregulated markets. For reference, the DPA saw Entain commit to pay $737.5 million because of the bribery-related offenses of its former Turkey-facing business. The company was also required to donate […]
Business
November 29, 2023
MGM Resorts May Consider Bid for BetMGM, Suggests Report
Last week, the owner of Ladbrokes and Coral, Entain, saw growing pressure from US activist hedge funds, Sachem Head Capital Management and Dendur Capital, showing concerns about the company’s leadership under CEO Jette Nygaard-Andersen and its share price. The two additional US activist hedge funds joined Eminence Capital as an expanding number of investors who […]
Industry
November 27, 2023
Entain Speaks Out against Ineffective German Regulations
Entain Plc, a prominent player in the global gaming industry, endorsed the findings of a study commissioned by the German Online Casino Association (DOCV) and the German Sports Betting Association (DSWV), highlighting the significant presence of black-market operators in Germany. The operator noted that current regulations disincentivized consumers from engaging with regulated gambling companies, contributing […]