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 [...]
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 [...]
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 hikes Enlabs offer after shareholder resistance March 1, 2021 Ladbrokes owner Entain has today hiked its offer for Swedish rival Enlabs to around £310m, the firm announced this morning. The FTSE 100 firm said that it was raising its bid from 40 Swedish krona per share to 53 Swedish krona per share, giving the firm a valuation of 3.7bn krona (£311m). The decision to [...]
Entain doubles down on £250m Enlabs bid despite investor backlash February 11, 2021 Ladbrokes owner Entain has doubled down on its £250m cash bid for Swedish rival Enlabs despite complaints from one of the company’s largest shareholders. In a statement today Entain said it was extending the deadline for its offer of 40 Swedish krona per share until 18 March. The gambling group said it had filed applications [...]
UK betting giant Entain takes punt on Tabcorp as it eyes up Australian market February 2, 2021 Ladbrokes owner Entain has today announced that it has made an offer for betting firm Tabcorp Holdings’ wagering and media business. The non-binding indicative offer signals a desire from Entain to expand its services in Australia by becoming the country’s biggest betting company owner. Entain already has a small presence in the Australian betting market [...]
Ladbrokes owner Entain names Jette Nygaard-Andersen as first female boss January 21, 2021 Jette Nygaard-Andersen has been named the new CEO at sport-betting and gaming group Entain, becoming the first female chief executive of a major listed UK gambling firm. Outgoing CEO Shay Segev will remain available to Nygaard-Andersen until 8 July to facilitate an orderly transition. Rob Wood, Entain’s chief financial officer, will have the role of [...]
Ladbrokes owner Entain ‘lines up’ first female gambling boss January 14, 2021 Ladbrokes owner Entain is said to be lining up the first female chief executive of a major listed UK gambling firm as it pushes back against a £8bn takeover approach from MGM. Entain, formerly known as GVC, is in advanced talks to appoint board member Jette Nygaard-Andersen as its new boss, Sky News reported. It [...]
Ladbrokes owner CEO to leave after just seven months for DAZN January 11, 2021 Ladbrokes owner Entain this morning said its chief executive Shay Segev will leave after just seven months in the position. Segev will exit after a six-month notice period to join sports streaming platform DAZN as Co-CEO, only days after Entain rejected an £8bn approach from MGM. Chairman of Entain Barry Gibson said, “We are sorry [...]
Ladbrokes owner makes £250m bid for Enlabs after shunning MGM January 7, 2021 The owner of British betting firm Ladbrokes has made a £250m takeover bid for Swedish rival Enlabs, just days after rejecting an £8bn approach from MGM. Entain today said it is offering 40 Swedish krona for each share of Enlabs, which specialises in sports betting. This values the company at roughly 2.8bn krona (£250m), marking [...]