Gambling Clear News
Great Britain’s leading gambling operators surpassed the £100m pledged in 2020 to tackle gambling harms, new figures from the Betting and Gaming Council (BGC) show. In June 2020, the Betting and Gaming Council’s (BGC) five largest members pledged £100m in donations to support research, education and treatment of gambling-related harms. While they originally intended to donate
BetMGM, the joint venture between Entain and MGM Resorts, generated almost $2.00bn (£1.59bn/€1.86bn) in revenue in 2023, reaching the upper end of its guidance range. Revenue for the 12 months to 31 December 2023 amounted to $1.96bn. BetMGM forecast between $1.80bn and $2.00bn for the full year, with several developments helping to drive growth. In line with
Mikolaj Cymerman has been appointed chief commercial officer of the Central and Eastern Europe (CEE) division of Entain and taken on a board advisory role with Polish sportsbook operator STS Holdings. Cymerman confirmed the news in a LinkedIn post, saying he will combine his two new roles at Entain and STS. He takes on the senior
Jette Nygaard-Andersen has issued a public statement following her exit as CEO of Entain last month, praising the business for its transformation into a responsible operator. Nygaard-Andersen resigned as CEO in December. She led Entain since January 2021, replacing Shay Segev after he left to join sports streaming platform Dazn. Stella David, currently a non-executive director, is now serving CEO on
Entain has reached a Deferred Prosecution Agreement (DPA) in principle with the Crown Prosecution Service (CPS) over historic activities in Turkey. Preliminary judicial approval was secured today (24 November) at the Royal Courts of Justice sitting as the Crown Court at Southwark. Entain will seek final judicial approval in court on 5 December. Terms of
Entain CEE is set to close the acquisition of STS on 24 August after its offer was accepted by investors holding 99.3% of the operator’s share capital. Entain CEE’s tender offer, announced in June, sees the joint venture pay PLN24.80 per STS share for an equity value of £750m, and an enterprise value of approximately
Increased and more widespread monitoring of women’s sport should be considered to help combat match-fixing, according to a new report. ‘Breaking Barriers: Assessing Women’s Sports, Betting, and Integrity Challenges’ looked at the current state of female sports around the world. Presented this week at iGB L!VE, the study had the support of leading industry organisations, operators
Entain-owned Ladbrokes has been rapped again by the Advertising Standards Authority (ASA) for releasing adverts with appeal to under-18s. The ads, which took the form of two promoted tweets, featured a number of Premier League managers. The ASA said they were likely to appeal to people under 18 due to the popularity of the league.
Entain says it is working to resolve an HM Revenue & Customs (HMRC) investigation into its Turkish operations but warned it could face a “substantial” penalty over alleged misconduct by employees and third-party suppliers. In November 2019, the group’s Entain Holdings UK Limited subsidiary received a production order from HMRC to provide information relating to
Entain-MGM joint venture BetMGM has warned that “certain BetMGM patron records were obtained” in a data breach earlier this year. BetMGM said it believed the breach occurred in May of this year, though it only became aware of it last month. The breach allowed unauthorised personnel to see “personal information of some patrons such as
