Business
March 29, 2021
Tabcorp Turns Down Entain $3bn Bid, Says It’s “Little Light”
After a month to consider, Tabcorp has turned down a $3bn bid by Entain for the company’s wagering and media division, arguing that the bidder has underestimated the company’s actual value. Tabcorp Says No to $3bn Entain Bid Tabcorp has formally rejected a $3 billion bid by Entain this morning and has launched a broad strategic review […]
Business
March 23, 2021
Entain Requests Rent Cuts Ahead of Retail Sector Re-Opening
Global sports betting and gaming group Entain requested landlords in the UK for rent cuts for its high-street betting shops ahead of the planned re-opening of the retail gambling sector in the country. Rent Reduction Will Ensure Business Sustainability The owner of Coral and Ladbrokes sent the letter only to landlords which have leases due […]
Business
March 22, 2021
Entain’s Acquisition of Enlabs Moves Forward
Approximately 94% of Enlabs’ shareholders approved Entain’s offer for acquisition at SEK53 per share. This sets a price tag for the acquisition of approximately SEK 3.7 billion. The Majority of Enlabs’ Shareholders Accepted Entain’s Offer Entain, the global betting and gaming group, announced today that its takeover of Enlabs AB moved one step forward. The […]
Legal
March 18, 2021
Entain Foundation to Fund Consumer Research in Ontario
Global betting and gaming group Entain announced today a research initiative into consumer practices, preferences, and behaviors in Ontario, Canada, will be funded via the Entain Foundation. RGC Tasked with the Research The research into consumer behavior in the Canadian province will be conducted by the Toronto-based nonprofit Responsible Gambling Council (RGC) as regulators in […]
Business
March 18, 2021
Entain Names Mark Gregory Independent Non-executive Director
Entain announced on Wednesday that it hired the services of Mark Gregory. In his new position, he is going to serve as an Independent Non-Executive Director, effective immediately. Mark Gregory Joins Entain as Independent Non-executive Director Global sports-betting and gaming group, Entain plc, announced on Wednesday that it appointed Mark Gregory as an Independent Non-Executive […]
Sports
March 10, 2021
Entain and TCF Deliver First 27 Grants to Football Clubs
Global betting and gaming group Entain announced its first grant offers to 27 football clubs in England and Wales under the “Pitching In” program and in partnership with the Trident Leagues. Pitching In Program Delivers Entain and the 3 Trident Leagues, the Isthmian, Northern Premier and Southern Leagues, set up the Trident Community Foundation (TCF) […]
Industry
March 9, 2021
Entain Receives Regulatory Approvals for Enlabs Acquisition
Entain Plc announced in a press release today it fulfilled the condition with regards to the receipt of necessary regulatory approvals related to the pending offer to buy shares of Enlabs AB. Regulatory Conditions Satisfied The global sports betting and gaming group received all the necessary approvals from relevant competition and gaming authorities and is […]
Business
March 8, 2021
Entain Bolsters Partnership with SG for 3 Additional Years
Scientific Games will provide Entain with its OpenGaming iGaming aggregator for another three years under an extended partnership. Scientific Games to Provide Entain with iGaming Solutions Through 2024 Entain continues to collaborate with Scientific Games by extending the companies’ existing partnership for additional three years. As a result, Scientific Games will continue to provide Entain with its cutting-edge OpenGaming technology. […]
Business
March 4, 2021
Entain Reports Strong Performance in 2020 Due to Online Growth
Entain’s results for 2020 show strong performance across the year with online net gaming revenue up 27%. Online Growth Offsets Retail Losses Entain Plc has published its full-year results for the period January – December 2020. The company posted revenues of £3.56 billion, a ‘flat’ change from the £3.57 billion recorded in 2019. Underlying EBITDA […]
Business
March 1, 2021
Entain Increases Bid for Obtaining Enlabs at SEK53 per Share
Following its offer of SEK40 per share in January, Entain confirmed today it increases the bid for Enlabs to SEK53 per share. After the Initial Offer of SEK40, Now Enlabs Valued at £316 Million Resolving to acquire Enlabs, Entain has now increased its bid to SEK53 per share, valuing Enlabs at £316 million. Enlabs’ key shareholders […]