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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 […]
Sports
September 21, 2023
STS Secures UEFA Advertising Rights Thanks to Entain Takeover
Polish-facing sports betting brand STS has secured an advertising rights arrangement with the Union of European Football Associations (UEFA). Now owned by Entain, the operator has secured the right to conduct marketing activities for the UEFA Europa League and the UEFA Europa Conference League in Poland. This will expand the sports sector presence of Entain, […]
Sports
August 25, 2023
Entain’s Australian Arm Implements Substantial Job Cuts Across Departments
In response to shifting consumer spending patterns and a need for operational adjustments, Entain, the prominent operator behind well-known brands like Ladbrokes and Neds, has taken a strategic step by cutting a significant portion of its Australian workforce. Entain Responds to Challenges with Workforce Reductions Over 50 positions have been eliminated from Entain’s Australian arm […]
Business
August 21, 2023
FS Gaming Terminates Voting Rights Deal with Segev
FS Gaming Investments is ending its voting rights agreement with Shay Segev, Entain’s former chief executive. This was announced in a regulatory filing filed by 888. FS Gaming Investments is a fund owned by three ex-Entain (formerly GVC Holding) executives, namely Kenny Alexander, Lee Feldman and Stephen Morana. The new filing says that Segev, who […]
Sports
August 16, 2023
Entain Reports More Women Betting on Women’s World Cup
Ahead of the wrap-up of the biggest women’s sporting event in the world this weekend, the global sports betting, gaming and interactive entertainment group, Entain, released new data, highlighting growth in the number of bets by women for the Women’s World Cup. In its recent report, the company revealed key details regarding the performance and […]
Business
August 10, 2023
Entain’s Strong H1 2023 Report Reflects Impressive Growth
Entain’s impressive financial achievements highlight the group’s continued success and ability to navigate the evolving landscape of the iGaming industry. Despite a potentially costly HMRC settlement, the gambling giant achieved notable success in its core markets and seized many new expansion opportunities, guaranteeing enduring growth. A growing customer base and improved community-focused efforts should ensure […]
Legal
August 10, 2023
Entain Hedges Against HMRC Ruling with $750M Provision
The leading global betting, gaming and interactive entertainment group, Entain, announced that it has set aside some £585 million ($747 million) regarding its ongoing deterred prosecution agreement (DPA) negotiations with the Crown Prosecution Service (CPS) over an investigation by the HMRC for one of its former Turkish-facing businesses. The business, which was under the name […]
Sports
August 3, 2023
Entain Highlights Positive Effect of Sports Docuseries
Global gaming, sports betting and entertainment company Entain released a new report, highlighting the positive impact of docuseries in sports and how such blockbuster shows can help attract new sports fans and engage with existing ones. It was back in November 2020 when Ryan Reynolds and Rob McElhenney, two iconic Hollywood actors, took over Wrexham […]