Company
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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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
The Ladbrokes owner's new Danish boss previously headed up broadcasting, esports and satellite businesses
Entain and EMIS are among the notable names in the diary for Thursday.
“We look forward to continuing to work closely with MGMRI to drive further success in the US through the BetMGM joint venture".
Texas-based shareholder Alta Fox Capital said it believes the offer of 40 Swedish krona per Enlabs share "is considerably too low"
Segev is leaving the Ladbrokes Coral parent to join sports streaming group DAZN.
The owner of Labrokes said it will acquire the Swedish firm for a total of 2.8bn Swedish Krona, equivalent to around £250mln
The shares have shot to a premium over the proposed bid price but one analyst said a higher price “may prove too much to swallow”
The move mirrors a similar takeover for Entain’s UK rival William Hill, which is being taken over by its Las Vegas-based partner Caesars Entertainment