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Business
March 13, 2024
Entain Strengthens Board with Former Wynn Resorts President
Entain, the global sports betting and gaming conglomerate, has appointed Ronald J. Kramer, former president of Wynn Resorts, to its board of directors as an Independent non-executive director. Kramer’s extensive experience in the gaming industry, coupled with his corporate finance background, is expected to fortify Entain’s position in the US market. Kramer’s Arrival and Share […]
Business
March 12, 2024
Entain Reportedly Eyes Potential Sale of PartyPoker
In an effort to counter activist investors and keep its focus on core operations, the owner of Ladbrokes, Entain, is reportedly exploring options for selling PartyPoker. Last year, industry analysts suggested Entain may consider selling its stake in MGM, media reports confirmed at the time. Another option Entain may explore, as suggested by expert analysts, […]
Business
March 7, 2024
Entain Reports Favorable FY 2023 Results Despite Setbacks
Global betting and gaming powerhouse Entain has published its FY 2023 report, highlighting favorable results across the board despite the recent decline in share price. As reported by the company, its total group net gaming revenue increased by 14% to £4.83 billion. Entain emphasized that 100% of its revenue came from regulated or regulating markets. […]
Legal
February 28, 2024
Defense Deadline Extended for Former BetCity Owners in Entain Lawsuit
Late last month, Entain, the leading gaming and entertainment giant, filed a lawsuit against the former owners of BetCity, a leading online betting and sports brand it acquired last year. The lawsuit came after a couple of undisclosed accidents that involved the brand and ultimately resulted in monetary penalties. Entain alleged that BetCity’s former owners […]
Industry
February 22, 2024
Coral Launches Milestone Promotional Campaign Ahead of Cheltenham Festival
Leading UK bookmaker Coral has unveiled its new brand campaign, “We’re Here For It,” featuring a series of TV ads focusing on horse racing and gaming. This campaign, the first by Wonderhood Studios since they became Coral’s lead creative agency, unites various types of racing, sports, and gaming fans through their shared passion. The TV […]
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 […]
