Aristocrat to buy Playtech in gaming industry cash acquisition – CityAM : CityAM October 18, 2021 Gaming technology company Aristocrat is acquiring the entire issued and issued ordinary share capital of gambling platform Playtech for 680p in cash per share. The acquisition, made through a subsidiary of Aristocrat – Bidco – has an approximate value of £2.1bn on a fully diluted basis, with £2.7bn value on an enterprise value basis. “This [...]
Flutter, Betfred and Ladbrokes owner pile into safer gambling campaign October 15, 2021 The UK’s biggest names in the betting space have piled into a fresh campaign for safer gambling. The ‘Take Time to Think’ campaign, launched by the Betting and Gaming Council (BCG), encourages customers to use safer gambling tools – like deposit limits, time-outs and self-exclusion – offered by its members. Director of corporate affairs at [...]
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 [...]
More gambling firms on US operators’ shopping list, says industry titan October 4, 2021 GAMBLING firm 888 Holdings could be next on US operators’ London shopping list, according to one high-profile industry figure. Speculation that more UK betting firms could be bought up by stateside giants has intensified after DraftKings formalised a proposal to buy Ladbrokes’ owner Entain last month. That follows the 2020 purchase of William Hill by [...]
FTSE 100 tops 7,000 as investors eye Fed rate decision September 22, 2021 London’s FTSE 100 topped the 7,000 this morning as investors shift their focus from the potential impact if embattled Chinese property developer Evergrande collapses to today’s rate decision by the US Federal Reserve. The capital’s premier index climbed 0.87 per cent to 7,041.72 points during early exchanges. The US central bank will announce its next [...]
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 [...]
Easing Evergrande fears lift FTSE 100 as investors brace for Fed rate decision September 21, 2021 The FTSE 100 rallied today to cancel out sharp losses registered yesterday, driven by easing fears over the fallout if heavily indebted Chinese property Evergrande collapses. The capital’s premier index finished up 1.12 per cent at 6,980.98 points, up from this week’s starting position of 6,963.64 points. Global markets sold off sharply on Monday, triggered [...]
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 [...]
888 makes inroads in Colorado as part of US invasion plans September 7, 2021 888, a leading online betting company, has announced its expansion into Colorado with the launch of a joint product with Sports Illustrated. The company will launch a Sports Illustrated wagering experience ahead of the start to the National Football League (NFL) season. The infamous media brand will direct its 30 million monthly viewers to 888’s [...]
Slowing US labour market recovery tempers Wall Street August 4, 2021 US shares dropped sharply on Wednesday morning after weaker than expected payrolls data tempered investor sentiment. The blue-chip S&P 500 dipped 0.42 per cent to 4,404, while the Dow Jones was clipped 0.78 per cent to 34,848. The tech-heavy Nasdaq edged down 0.06 per cent 14,752. Read more: Demand ‘peaks’ as US services recovery slows [...]