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Legal
August 10, 2023
Entain Hedges Against HMRC Ruling with $750M Provision
The leading global betting, gaming and interactive entertainment group, Entain, announced that it has set aside some £585 million ($747 million) regarding its ongoing deterred prosecution agreement (DPA) negotiations with the Crown Prosecution Service (CPS) over an investigation by the HMRC for one of its former Turkish-facing businesses. The business, which was under the name […]
Sports
August 3, 2023
Entain Highlights Positive Effect of Sports Docuseries
Global gaming, sports betting and entertainment company Entain released a new report, highlighting the positive impact of docuseries in sports and how such blockbuster shows can help attract new sports fans and engage with existing ones. It was back in November 2020 when Ryan Reynolds and Rob McElhenney, two iconic Hollywood actors, took over Wrexham […]
Business
July 17, 2023
Entain Confirms Plans to Acquire Angstrom Sports
The global sports betting, gaming and interactive entertainment group, Entain, unveiled details regarding a new acquisition. The company said Monday it plans to acquire the specialist provider of sports modeling, forecasting and data analytics, Angstrom Sports in a deal with a maximum payment of up to £203 million ($265.5 million). Entain said that the acquisition […]
Business
July 14, 2023
STS Posts Strong Q2 Results Ahead of Entain Takeover
Ahead of the finalization of the acquisition by Entain, STS Group, the leading Polish sportsbook operator, released a new trading update, outlining the strong growth of the company for the second quarter of 2023. For Q2 of this year, the recorded amount of stakes hit PLN 1.103 billion ($278 million). This result, when compared to […]
Industry
July 5, 2023
Entain, Superbet Withdraw Interest in Slovenia’s Sports Lottery
The saga of the sale of Slovenia’s Sports Lottery has come to a sudden end after both candidates to acquire a stake, Entain and Superbet, withdrew their applications. Purchase Applications Withdrawn Slovenia’s Ministry of Finance announced that negotiations for the acquisition of a major stake in the state-run sports betting operator, Sports Lottery (Športna Loterija) […]
Business
June 16, 2023
Eminence Capital Calls Entain’s STS Acquisition “Destructive” in Open Letter
Eminence Capital, the investment firm located in New York that currently owns around 13.2 million shares in the popular FTSE 100 sports betting and gaming group Entain, has published an open letter addressing the latter’s board of directors in regard to their proposal to acquire STS Holdings. The Harshly Critical Letter, Accusing Entain of Lack […]
Business
June 14, 2023
Entain Acquires STS and Strengthens Presence in Central and Eastern Europe
Entain, the owner of well-known gambling brands such as Ladbrokes and Coral, has announced its plans to acquire STS Holding, a leading sports betting company based in Poland, in a deal worth approximately £750 million ($945 million). The bid has received approval from the two largest shareholders of STS, Mateusz Juroszek and Zbigniew Juroszek, who […]
Esports
June 10, 2023
Tiidal Gaming Completes C$13.25m Sportsflare Sale to Entain
Esports and gaming platform operator, Tiidal Gaming Group Corp., announced today that the transaction for the sale of its esports betting business, Sportsflare, to global sports betting and gaming group, Entain, has been closed. Purchase Price, Holding Period Tiidal Gaming Group sold its wholly-owned subsidiary, Tiidal Gaming NZ Limited, the company behind Sportsflare, for gross […]
Legal
June 8, 2023
Entain Gets Scrutinized over Illegal Advertisements in NZ
Entain, which recently teamed up with TAB New Zealand, has breached the New Zealand Gambling Act by illegally promoting its products. This comes less than a week after the company secured ministerial approval in the country. Entain took over TAB NZ after Racing Minister Kieran McAnulty approved the move, allowing the company to operate TAB […]
Industry
June 7, 2023
Entain Continues to Make Progress on ESG Objectives
The leading gaming, sports betting and interactive entertainment company, Entain, released its 2022-23 ESG report, outlining the progress on strategic ESG-related objectives and issues. The company reminded that its two prime ongoing goals include growth and sustainability. Within its recent report, Entain confirmed the significant progress it made within different ESG objectives including safer betting […]
