Ladbrokes and Coral owner warns stricter gambling rules may encourage ‘black market’ GAMBLING REFORMS Too tough rules on the betting and gambling sector may push individuals towards underground operators, according to the boss behind Coral and Ladbrokes. In an interview with the Sunday Times, Entain CEO Jette Nygaard-Anderson said she feared future regulations could see gamblers encouraged to seek out a “black market” of unlicensed websites. Ministers should strike [...]
Ladbrokes pocketed £102m in furlough cash despite record online sales FURLOUGH CONTROVERSY Ladbrokes received £102m from the furlough scheme, despite an online boom which overshadowed store closure losses.
Ladbrokes owner Entain forecasts Euro bets to hit £250m, with more betting on Italy Ladbrokes owner Entain forecasts Euro bets to hit £250m 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 [...]
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 [...]