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Business
February 14, 2024
Entain Shares Drop 4% After MGM Excludes Takeover Bid
Recently, MGM Resorts’ chief executive officer, Bill Hornbuckle, was asked about any change of heart following the company’s latest public statement on the acquisition bid topic. His answer led to a 4% drop in Entain’s shares. Last fall, it was speculated that MGM Resorts would possibly make a new acquisition bid for global gaming giant […]
Business
February 12, 2024
Entain Explores Bid for Free-to-Air TV in Australia
Global gambling giant Entain is reportedly exploring a bid to secure direct access to a free-to-air TV channel targeting Australian audiences. The move aims to broadcast racing events, explore synergies, promote gambling products, and challenge the monopoly of Tabcorp-owned Sky Racing. Entertain’s previous broadcasting experience should provide substantial benefits, helping leverage a potential agreement. Entain […]
Business
February 7, 2024
Barclays Cuts Entain’s Price Target, Downgrades Company to Equalweight
Late last year, Entain faced pressure from activist investors, urging for change in light of a tipping share price trend observed over the year. The announcement came on the heels of the unexpected departure of the company’s CEO, Jette Nygaard-Andersen. Now, Barclays reduced its price target for Entain from 1,120p to 1,070p, downgrading the company […]
Business
February 5, 2024
Entain Presses on with Management Reshuffles as Peter Marcus Takes His Leave
Entain group operations director Peter Marcus will allegedly leave the company after an impressive eight-year stint. Marcus joined the multi-brand entity in September 2016 as the managing director for the group’s Casino Club brand and later ascended to his current position in June 2018. His departure, scheduled for the end of June 2024, will necessitate […]
Legal
January 29, 2024
Entain Files Legal Claim for Damages against Former BetCity Owners
Last year in January, the leading betting and gaming giant, Entain, finalized the acquisition of Betent, trading as BetCity, a leading online gambling and sports betting operator in the Netherlands, from Sports Entertainment Media (SEM). The acquisition with a price tag of a whopping $484.2 million was initially announced in June 2022 but has taken […]
Legal
January 17, 2024
Entain Filed a Lawsuit against BetCity’s Former Owners
Entain seems to have a quarrel with the former owners of BetCity, a Netherlands-facing gambling brand currently owned by Entain. As reported by CasinoNiews, a Dutch gambling-oriented website, a lawsuit was filed by Entain on December 7, 2023. CasinoNiews explained that the report has been filed in the UK’s Commercial Court, a court focused specifically […]
Business
January 9, 2024
Entain Withdraws from More than 140 Unregulated Markets
The leading global gaming and betting operator, Entain, started to withdraw from unregulated gambling markets across the globe back in November 2020. Since then, the company has exited many jurisdictions and as of the end of last year operates only in regulated markets. Only recently, Entain completed an initiative that was referred to internally as […]
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 […]
