Company
Entain PLC
LON:ENT
Entain PLC, formerly GVC Holdings, is one of the world’s largest sports betting and gaming groups, offering sports betting, casino, poker and bingo and operate some of the industry’s largest online brands including bwin, Sportingbet, partypoker, partycasino and Foxy Bingo. In March 2018, as GVC, the group acquired Ladbrokes Coral to become the UK’s largest high street bookmaker, adding retail and online gaming brands, Ladbrokes, Coral and Gala to the portfolio. The Group, headquartered in the Isle of Man, has licences in more than 20 countries and has been trading since 2004, when it started out on AIM as a provider of services to the online gaming industry.
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Archive
FTSE 100 Live: Stocks close near session highs after US CPI
London's blue chips took their lead from a strong start in New York
Entain's BetMGM venture 'in profit' and close to self-financing
“In fact, we have already achieved positive EBITDA for the full second quarter of this year.”
Entain faces £300mln fine in Turkey bribery case, says Citi
The gambling firm is currently in deferred prosecution agreement (DPA) negotiations with the Crown Prosecution Service (CPS) over cases involving bribery at its Turkish division, Sportingbet.
Archive
FTSE 100 closes above 7,900 after quiet start to the week
The FTSE's winning streak continued on Tuesday, finishing 0.4% higher at 7,909 points
Entain a buy for BetMGM growth reckons UBS
The UK businesses are also better placed than their peers to withstand the regulation risk
Entain agrees upsized loan to finance acquisition of SuperSport
The new funds, expected by the end of October, will also be used to maximise liquidity and “provide further balance sheet flexibility”, the betting firm said
Entain and Rank Group: a tale of two gaming groups
The promise of a final quarter boosted by the World Cup and strong growth in the US helped differentiate the companies
Entain Q3 gaming revenues rise 2%, expects a boost from the World Cup
The FTSE 100-listed betting and gaming operator said it expects full-year group EBITDA to be up 5%-10% year-on-year
Citi cuts EPS forecasts for UK gaming blue-chips Entain and Flutter ahead of third-quarter results
The US bank's analysts said while they have left Entain and Flutter’s operational forecasts largely unchanged, full-year 2022/23 EPS estimates have been cut by 3% to 12% reflecting rising interest costs
Entain to reveal if cost-of-living squeeze is getting tighter
A profit warning in July saw online revenue growth guidance cut to “flat” for the full year, down from the previous “mid to high single digit” growth
Entain under investigation by Australian regulator over money laundering processes
The London-listed company has already been fined £17mln by the British gambling regulator
Ladbrokes owner Entain fined record £17mln for 'unacceptable anti-money laundering and safer gambling failures'
“Our investigation revealed serious failures that have resulted in the largest enforcement outcome to date," said Gambling Commission chief executive Andrew Rhodes
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Market movers: Revolution Beauty jumps on Boohoo investment
A look at some risers and fallers on the market on Wednesday.
Where is the value in Entain?
Normally a fall in profits would result in a company's shares going the other way
Entain targets central Europe as online growth slows
Entain is acquiring Croatia's top bookie for €600mln
Archive
Entain, Antofagasta and M&G stand out on heavy day for company news
Miners, bookmakers and fund manager M&G make for an eclectic mix on Thursday
Entain, Flutter and 888 may struggle to tilt the odds as punters feel the squeeze
All three companies announce half-year results next week
Entain slips on back of target price cut from Deutsche Bank
Online revenues were below expectations, although this was somewhat offset by a stronger recovery in retail
Entain warns on profit as online sales fall 7% in first half
Revenue growth was driven mainly by its retail arm, including betting shops in the UK, Italy, Belgium and Ireland
Archive
Entain, Persimmon, Jet2 and CFD auction results fill diary for Thursday (plus some politics too)
This week the UK betting industry has also meant to have received the report of a major government white paper
Entain agrees to buy Dutch betting outfit BetCity
The acquisition will deliver €28mln of cost synergies by the end of 2026
Entain hails the return of retail but long-term it is all about the US
The growth of the US business should provide some succour to a group that is attracting unwanted regulatory attention in the UK
Entain shares mark time as strong start to the year fails to impress
The company hailed a return of punters to its Coral and Ladbrokes betting offices - but this came at a cost to online business
Standby for a new energy strategy, bookie Entain updates and house prices to keep on rising - Thursday's agenda
Nuclear, renewables and even a North Sea revival night be in energy plans to be unveiled tomorrow
Archive
FTSE 100 closes higher as US stocks make gains; oil prices firmer
At the close, the UK blue-chip index was 21.02 points, or 0.3% firmer at 7,558.92, below the session peak of 7,574.33 but above the day’s low of 7,532.34
Entain stutters as it waits on US gamble
Underlying profits fall 9%, while EBITDA hits tempered expectations as company continues US expansion
Entain and Flutter Entertainment increasingly looking to the US market for growth
Both declare results in the first week of March and the smart betting is that their activities in the US will likely garner the most attention.
Persimmon, Darktrace and US jobs the stand-outs of another big week ahead
Another huge week for results ahead with US jobs data to top it all off on Friday
Super Bowl's US$1bn of bets shows value of Entain's US joint venture
The bookmaker's target price was set at 2,400p by the broker, versus a closing price of 1,684.5p
Flutter upgraded as revenue from online sports betting in US tops Citi's expectations
The broker said it is “increasingly bullish on the size of the US prize”.
Entain ups profit target as betting shops lift sales
Ladbrokes owner reckons it can treble the size of its business
Entain's BetMGM venture raises revenue guidance
Net revenue from the sports betting venture is expected to be about US$850mln in 2021
Archive
FTSE 100 ekes out a gain at the close
London's blue-chip index finished the day on a high note
Entain claims success in player protection initiative
The bookmaker plans over £100mln investment in ESG over the next five years
Entain slides as DraftKings elects not to bid "at this time"
DraftKings is prevented from making a bid for Entain for six months unless another bidder emerges for the UK bookmaking business
Draftkings Inc gets more time for Entain bid
A put up or shut up option has been extended until 16 November
Royal Mail and Entain the big stock market winners in post-pandemic era
Mining is the sector that has done best since the FTSE 100 was last at its current levels (in February 2020) while the housebuilding sector has done surprisingly badly.
Entain shows bidder DraftKings it's business as usual with a strong quarterly update
The American gaming group has tabled an indicative £16.2bn bid its UK rival
Draftkings bid for Entain could go a number of ways, say analysts
Since walking away from a rejected 1,383p offer in January, MGM has accumulated more cash on its balance sheet
Entain mulls 2,800p offer from Draftkings; says rejected earlier 2,500p bid
The FTSE 100 bookmaker and online gaming group said it rejected an earlier offer from the US company at a price of 2,500p
Entain confirms takeover offer from DraftKings, reported to be worth $20bn
The FTSE 100 group rejected an all-share offer from MGM Resorts in January that was worth around £8bn at the time
Archive
FTSE 100 ends higher ahead of Jackson Hole symposium as FTSE 250 hits new peak
The UK's leading index closed in positive territory while US markets edge higher ahead of this week's key meeting of central bankers and policymakers
Entain hangs fire on dividend until betting shops recover fully
BetMGM, the US joint venture with MGM Resorts, maintained its number-two spot with a 22% market share
Archive
Deliveroo, insurers and bookmakers in focus for coming week
Also in the diary are fund manager Abrdn, Holiday Inn owner IHG and holiday giant TUI
Bookies set to lose a packet if Harry Kane bags a brace on Sunday
A lot of punters backed Harry Kane to win the Golden Boot when his odds drifted out to 50/1 before the England-Germany game.
Ladbrokes owner says England well backed as Euros shaping up as biggest sports betting event
New products around its Betbuilder concept, such as 'five-a-side', 'your call' and 'get a price' have accounted for a quarter of all UK bets in the tournament
Entain hikes guidance as betting shops reopen
Online sports betting revenues were up 65% in the second quarter compared to a year ago, when many sporting events were cancelled
Archive
FTSE 100 slumps nearly 2%; Wall Street faring little better
Market watchers saying today's price action has been “curious to say the least”
Ladbrokes parent Entain and Jet2 in Thursday’s spotlight whether its coming home or not
Entain and Jet2 are notable names in the diary, along with pub firm Fuller, Smith and Turner
Entain left in the cold as TabCorp goes for lotteries demerger
"It is really up to Entain and Apollo to come back to us”
Archive
FTSE 100 in the red at days' end, Wall Street largely ahead at midday after ADP data
The UK blue chip index closed in the red as Delta variant worries persist, while US markets are mostly higher
Entain says England fans singing Allez Les Bleus ahead of Euro 2020
Gamblers in countries such as Belgium, Croatia, France, Spain and Germany tend to favour their own national side more than punters in England. I wonder why ...?
Entain's BetMGM venture could hit jackpot as Japan mulls legalisation of sports betting
“If MGM were to win the casino license and sports betting were to be legalised, we believe Entain could work with MGM to develop this market,” said broker Peel Hunt
Entain ups ante for Aussie betting firm Tabcorp
It follows up an approach by Entain back in February.
Entain highlights strength of online operation as retail revenues collapse during lockdown
The owner of Ladbrokes has also unveiled a plan to allow over 22,500 employees to invest in the business
Archive
FTSE 100 ends within a whisker of 7000 after new records for Wall Street
The UK blue chip index edged closer to key level as US markets hit highs after positive US retail sales and jobless claims
Asos and Ladbrokes owner Entain will show lockdown divergence between online and off
Other results and updates are scheduled on Thursday from Dunelm Group, Ferrexpo, OSB Group and Winkworth
Entain expands markets where it operates by 30% after acquisitions
The group has completed deals to buy two European operators, Bet.pt and Enlabs AB
Entain best bet in US online gaming suggests JP Morgan
Estimates of the total addressable market (TAM) for US online gaming vary greatly
Entain gets regulatory green light for Enlabs takeover
The owner of Ladbrokes is currently offering 450p per share, valuing the Baltic gaming group at around £316mln
Entain vows to reach net-zero carbon emissions by 2035
The Ladbrokes owner is planning to further expand into regulated markets and is still awaiting approval for the Enlabs bid
Entain, William Hill and Aviva among names in Thursday’s busy diary
Thursday promises a busy morning of announcements in London.
Entain raises offer for Enlabs by a third to quell objections
The offer is SEK53 (£4.50) per share valuing the Swedish group at SEK3.7bn (£316mln).
Entain faces battle to buy Australia's largest sports betting firm
Tabcorp's Wagering & Media arm made A$2.1bn in the year to end-June 2020, mostly from bets on horse racing
Entain and 888 Holdings' upside from US gambling market not accounted for in share prices, says broker
Peel Hunt is forecasting that the US sports betting and online gaming market will bring in US$5.7bn in revenues in 2021, rising to US$8.6bn in 2022 and US$11.4bn in 2023
Entain makes each-way bet with new CEO and deputy CEO appointments
The Ladbrokes owner's new Danish boss previously headed up broadcasting, esports and satellite businesses
Entain back in spotlight but will Thursday bring answers or more questions?
Entain and EMIS are among the notable names in the diary for Thursday.