Entain cashes in on NFL boost and pins hopes on World Cup to drive online bets October 13, 2022 WHILE we may not be banking on a Qatar World Cup victory, Ladbrokes owner Entain is certainly pinning its hopes on it being a big win for betting. Despite posting a relatively flat third quarter, with net gaming revenue up just two per cent, and online revenue up one per cent, the gambling giant is [...]
Ladbrokes owner Entain creates new venture to drive Central and Eastern European expansion August 11, 2022 Ladbrokes owner Entain has joined forces with an investment firm to create a new venture to fuel expansion in Central and Eastern Europe. Entertain CEE will drive expansion in the markets, in a partnership with EMMA Capital, with Entain owning 75 per cent of the economic rights. The London-listed firm also announced a takeover of [...]
Ladbrokes owner Entain’s shares tumble as Draftkings drops $22bn offer October 26, 2021 Draftkings has said it will not be making a final bid to purchase Entain causing the ladbrokes owner’s share price to shed 7 per cent. Draftkings had offered 2,800 pence a share in cash and stock for Entain back in September, a $22.4bn offer which represented a 43 per cent premium over the company’s stock [...]
Ladbrokes owner Entain fined record £17m over social responsibility and money laundering failures August 17, 2022 The gambling watchdog whacked the betting shop owner Entain with record £17m this morning over “completely unacceptable” anti-money laundering and social responsibility failures. The Gambling Commission said the Ladbrokes and Coral owner repeatedly failed to protect problematic gamblers from betting huge sums in their shops and online casinos. The commission said the firm let blocked [...]
Online gambling slows for Ladbrokes owner Entain as lockdown buzz fades and government review looms July 7, 2022 Online net gaming revenue dipped seven per cent Ladbrokes owner Entain as the gambling titan struggles to recapture lockdown momentum. A weaker macro-economic environment is also reducing customers’ rate of spend during the first half of the year, moderating overall online growth versus previous expectations. The closure of the Netherlands ahead of licencing has further [...]
Ladbrokes owner Entain posts online slowdown as lockdown boom dwindles April 7, 2022 Ladbrokes owner Entain reported an online gaming slowdown this morning as the pandemic boom dwindled during the first quarter of 2022. Though net gaming revenue was down eight per cent compared to the immense growth seen in 2021, group revenue was up 31 per cent thanks to retail. Discussing the results, Jette Nygaard-Andersen, Entain’s [...]
Ladbrokes owner Entain snaps up Dutch rival BetCity for up to €850m June 14, 2022 LADBROKES owner Entain snapped up Dutch online sports betting operator Betcity this morning for as much as €850m (£729m) as the betting giant continues its grand push into Europe. Entain said it would acquire the entire share capital of Betcity from Sports Entertainment Media BV for an initial consideration of €300m (£257m) and deferred contingent [...]
Ladbrokes owner Entain scores record number of bets at ‘fairytale’ Grand National April 12, 2022 Ladbrokes owner Entain has reported a record-breaking number of bets on Saturday’s Grand National at Aintree, with over 20,000 bets-per-minute placed in the run up to the race.
Entain’s share price jumps 18 per cent following takeover proposal September 21, 2021 Ladbrokes owner Entain’s shares soared late yesterday afternoon after revealing it had received a takeover inquiry from American betting giant DraftKings. Entain plc, a FTSE100 company and one of the world’s largest sports-betting and gaming groups, saw its shares surge by 18.04 per cent to 2,261.00 GBX. Before news of the deal broke, Entain’s enterprise value was [...]
Bookie bounce back for Ladbrokes owner Entain drives industry confidence March 3, 2022 Entain has enjoyed a revival in profits and revenues as pandemic restrictions ease, and its US venture takes off.