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Legal
April 2, 2025
Entain Accused of Neglecting Money Laundering Red Flags in Australia
The parent company of Ladbrokes and Neds, Entain, is facing scrutiny in Australia, where the body responsible for preventing, detecting and responding to criminal abuse of the financial system, the Australian Transaction Reports and Analysis Centre (AUSTRAC), claims the company systemically breached the country’s anti-money laundering (AML) laws and failed to conduct proper checks for […]
Business
March 6, 2025
Entain Posts Robust 2024 Financials, Expects Continued Growth
Global gaming giant Entain PLC has posted stable 2024 financials, reflecting a solid recovery in key markets and impressive online growth. The group recorded a 7% year-on-year net gaming revenue (NGR) increase to £5.16 billion ($6.67 billion), supported by an 8% increase in EBITDA to £1.09 billion ($1.41 billion). Entain remains optimistic regarding its prospects […]
Industry
February 20, 2025
Two Major Executives Depart from Entain Australia and New Zealand
Earlier this month, the leading gaming and entertainment company, parent to globally recognizable brands, Entain, announced the unexpected departure of its CEO, Gavin Isaacs. Now, a newly released report suggests another major switch in the company’s leadership, this time affecting its New Zealand and Australia operations. Lachlan Fitt and Cameron Rodger Leaving Entain It was […]
Legal
February 17, 2025
Ex-Entain Executives Seek Legal Action over Privileged Information
Ex-Entain CEO Kenneth Alexander and former chairman Lee Feldman have filed a legal claim against the gambling giant and its long-standing legal adviser Addleshaw Goddard (AG) for alleged unauthorized disclosure of confidential information during a £615 million ($775 million) deferred prosecution agreement (DPA) regarding historic bribery failings. This case follows similar legal action against the […]
Industry
February 13, 2025
MGM Advances Plans to Control Las Vegas Sportsbooks
The leading gaming and hospitality operator with a strong presence on the Las Vegas Strip, MGM Resorts Internation, made a major step toward managing BetMGM, the joint venture it owns in collaboration with Entain. The process continues to gain traction, after a recent hearing with the Nevada Gaming Control Board (NGCB). MGM Resorts Will Leverage […]
Business
February 11, 2025
Entain CEO to Change Again with Gavin Isaacs’ Departure
The global sports betting and gaming group, as well as FTSE100 company, Entain plc, announced unexpected changes to its senior-level team. On Tuesday, the company confirmed that its newly appointed Chief Executive Officer (CEO), Gavin Isaacs, is stepping down from his role. The Company Will Once Again Seek New CEO It was back in July […]
Industry
February 5, 2025
App Used for Baby Monitoring Displays Ladbrokes Ads, Alarming Parents
Earlier this week, the UK Gambling Commission, the country’s gambling regulator, announced changes to deposit limits, as well as player fund protection. The move comes at a time when an overhaul of the gambling sector is ongoing and seeks to make the country’s laws fit for the digital age, ensuring the protection of consumers. Yet, […]
Sports
January 29, 2025
Entain: Tennis Bets, Second-Most Popular in the US and the UK
One of the largest sports betting and gaming groups built on proprietary technology, Entain, has released a fresh report revealing tennis as the second-ranking sport in terms of the number of in-play bets across the UK and US markets. Bettors Rely on Momentum Swings Entain attributes tennis’ popularity to momentum swings, where bettors use real-time […]
Business
January 23, 2025
MGM May Consider Bid for Entain or Remaining Stake in BetMGM
Several years ago, the leading hospitality and gaming company, MGM Resorts International, filed a bid to acquire Entain Plc. The proposed takeover of the partner with which the company holds 50% ownership in BetMGM, a leading betting and gaming brand in the US, was ultimately rejected. However, MGM Resorts reportedly may consider a similar move […]
Industry
January 21, 2025
UK Auditing Regulator to Investigate KPMG’s Audit of Entain
The Financial Reporting Council (FRC) of the United Kingdom, an independent regulator responsible for auditors, accountants and actuaries, has launched an investigation into KPMG’s audit of Entain’s financials. The probe comes amid KPMG’s shaky reputation in the wake of recent scandals. FRC to Investigate the 2022 Audit As confirmed by the FRC, the body has commenced […]
