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Legal
November 24, 2023
Entain Reaches an Agreement with the CPS, Set to Pay £585M
On November 24, the gambling giant Entain announced that it has reached a deferred prosecution agreement (DPA) with the Crown Prosecution Service (CPS). The agreement was also approved by Dame Victoria Sharp, president of the King’s Bench Division. The gambling company will proceed to seek final judicial approval from the Court on December 5. The […]
Business
November 23, 2023
Entain Faces Investor Uprising as Activist Hedge Funds Demand Change
Entain, the owner of Ladbrokes and Coral brands, is grappling with mounting pressure from two additional US activist hedge funds, Dendur Capital and Sachem Head Capital Management, joining Eminence Capital in expressing concerns about the company’s stagnant share price and the leadership of CEO Jette Nygaard-Andersen. New York-Based Hedge Funds Stealthily Invest Amidst CEO Criticism […]
Business
November 8, 2023
Entain’s Leadership Increases Its Stake in the Company
Gambling group Entain recently published its Q3 results, inspiring trust in the company’s position and the value of its shares. As a result, many members of the company’s board of directors have purchased Entain shares. The company’s chief executive officer Jette Nygaard-Andersen, for example, purchased more than doubled her shareholding from 31,000 shares to 65,400 […]
Business
November 7, 2023
Bragg Gaming Extends PAM Deal with Entain’s BetCity.nl Brand
Bragg Gaming Group announced an extension of its PAM (player account management) provision agreement with Entain. Under the extended deal, the former company will continue to supply the latter party’s Dutch iGaming brand, BetCity.nl, with its proprietary player account management platform. The deal has been extended until 2025 and will allow BetCity.nl to continue to […]
Business
November 2, 2023
Entain Posts Strong Growth with Group NGR Up by 7% In Q3
The global sports betting and gaming group, Entain plc, released its latest unaudited financial report, revealing insights regarding the company’s performance for the third quarter of 2023. The new update encompasses the trading period between July 1 and September 30, 2023. Overall, Entain reported a 7% increase in total group net gaming revenue (NGR), including […]
Business
October 31, 2023
Entain Names Amanda Brown as Independent NED
Global gaming and sports betting leader Entain has reinforced its board with the appointment of Amanda Brown as an independent non-executive director (NED). The experienced appointee has years of experience in corporate leadership roles and is a valuable addition to the team. Brown will officially join the team on November 8, also becoming a member […]
Business
October 11, 2023
The BetMGM Tie-Up between Entain and MGM Resorts May Not Last Forever
BetMGM is one of the world’s biggest and most influential gambling brands. A joint venture between MGM Resorts International and Entain, the operator continues to expand its global presence in key regulated markets. However, the current 50/50 ownership arrangement between its two parent companies may not be everlasting. During a recent speech at the Global […]
Business
October 9, 2023
Entain Changes Priorities, Downscales Unikrn
Entain unveiled its plans to scale back Unikrn’s B2C operations amid notable restructuring plans. Unikrn, which was acquired by Entain two years ago, marked the gambling company’s foray into the world of esports. However, Unikrn seems to no longer align with Entain’s overall strategy. After acquiring Unikrn in October 2021, Entain re-launched the esports brand […]
Business
October 2, 2023
Entain Completes Its $100M Acquisition of Angstrom Sports
Entain, a global sports betting and gaming company, has confirmed the acquisition of Angstrom Sports, a company specializing in the provision of next-gen sports modeling, forecasting and data analytics. Under the agreement, first announced in July this year, Entain will pay an initial consideration of $98.5 million for the acquisition. Additional payments totaling up to […]
Business
September 25, 2023
Entain Hit by Regulatory Headwinds, Prepares for Slower Online Growth
The global gaming, sports betting and interactive entertainment company, Entain, released a new report Monday, providing an update on its current trading as well as FY 2023 guidance. The recent report included details regarding strategic actions that seek to drive shareholder value and accelerate its operational performance. Focusing on current trading, Entain said that has […]
