Deadline for DraftKings and Entain takeover deal extended October 20, 2021 Gambling giant DraftKings has secured another month to agree a deal with rival Entain after the pair failed to nail down a £16.4bn takeover. Ladbrokes owner Entain was given the green light from the Takeover Panel on a request to extend a deadline on agreeing a restructuring model. The deadline has been extended to November [...]
Entain gaming revenue grows against lockdown boom October 12, 2021 Net gaming revenue grew four per cent at sports betting group Entain in its third quarter, marking growth despite the explosion of gaming last year. Online gaming revenue jumped 10 per cent in the three months to 30 September, against a period of high growth in 2020 when global lockdowns amid the pandemic spurred a [...]
Entain caught between US rivals DraftKings and MGM as £18bn takeover looms September 22, 2021 Ladbrokes owner Entain has confirmed a £18.4bn takeover bid by US betting giant Draftkings which puts the FTSE 100 company at the centre of a battle between its US partner MGM and its prospective buyer. In a statement published yesterday, the board of Entain confirmed it had received a second takeover offer from Draftkings on [...]
What is the Wrexham effect and how is it impacting sports betting? August 3, 2023 Wrexham AFC’s meteoric rise to fame, thanks to the docuseries ‘Welcome to Wrexham’ has caused sports betting to skyrocket in a phenomenon that has been dubbed the ‘Wrexham Effect’. Gambling giant Entain’s UK sportsbook reported a nearly 60 per cent surge in bets during the National League’s 2021-22 season compared to 2017-18 – the 2019-20 [...]
Ladbrokes owner gambles on media expansion, buying 365scores for £128m April 5, 2023 Entain has bought 365scores in a deal worth up to $160m (£128m) as the betting giant hopes to expand its global reach. The Ladbrokes owner will pay $150m plus contingent payments of up to $10m for the Israeli sports media company. 365scores has 15m active users and a “fast growing” audience. It provides sports information, [...]
Online play drives Ladbrokes owner Entain to profit March 29, 2021 Online gaming was the driving factor behind a profit at gambling company Entain, which owns Ladbrokes, Foxy Bingo and Party Poker. The business saw an operating profit of £530m in 2020, up two per cent on £521m, with some 89 per cent of EBITDA coming from its online presence. EMBITA grew 11 per cent [...]
Ladbrokes owner Entain forecasts Euro bets to hit £250m, with more betting on Italy July 8, 2021 Gaming revenue lifts at Ladbrokes owner Entain as Brits seek lockdown escapism
Entain hikes offer for Aussie bookie Tabcorp to £1.9bn April 27, 2021 Entain this morning hiked its offer for Australia’s biggest bookies Tabcorp to AU$3.5bn (£1.9bn), the FTSE 100 firm has confirmed. An initial approach worth AU$3bn was batted back by the company in February, but this morning Entain redoubled its pursuit. In a statement, it said: “Entain believes that the revised proposal is compelling both in [...]
Vue plans debt-for-equity swap after Hollywood strikes delay blockbuster films January 14, 2024 Europe's largest independent cinema operator is prepping to restructure its debt after the Hollywood actor's strike pushed back the release of a number of movies.
Shop closures weigh down Ladbrokes owner Entain despite online surge April 15, 2021 Ladbrokes owner Entain saw net gaming revenue shrink in the first quarter as the closure of its bookies due to Covid-19 restrictions offset rising online revenues. Although online net gaming revenue grew 33 per cent for the three month period – the segment’s 21st straight quarter of double digit growth – overall revenue fell 13 [...]