Entain PLC Acknowledgement of UK Gambling Act Review (7323X)

TIDMENT

RNS Number : 7323X

Entain PLC

27 April 2023

For Immediate Release

27 April 2023

Entain plc

Acknowledgement of UK Gambling Act Review publication

Entain plc (LSE: ENT), the global sports betting, gaming, and interactive entertainment group ("Entain"), welcomes the publication of the review of the UK Gambling Act 2005 by the UK Government's Department for Culture, Media and Sports ("DCMS").

The review contains an extensive set of proposals, many of which align with actions that Entain has already implemented. However, it requires comprehensive assessment and analysis, and a more detailed response will be provided as soon as is practical.

Jette Nygaard-Andersen, Entain's CEO, commented:

"The UK Gambling Act Review is an important step towards having a robust regulatory framework that is fit for the digital age and creates a level playing field for all operators. We welcome the clarity that it will bring to the industry and customers. In leading the industry on player protection, we have already implemented a comprehensive range of actions to protect our customers, such as our industry-leading Advanced Responsibility and Care safer gaming programme, personalised online slots staking limits, and the implementation of an affordability model across the UK. We are also extremely proud to have led the industry in 2019 by voluntarily agreeing to increase our levy donations to 1% of our UK gross gaming revenues.

As a global and diversified business that operates in over 40 territories around the world, all of which are regulated or regulating, we are firmly in favour of regulation that preserves the market for the vast majority of customers who enjoy recreational betting and gaming, whilst also ensuring appropriate protection to all players."

Enquiries:

 
Investor Relations - Entain plc                                [e-mail] 
 David Lloyd-Seed, Chief IR & Communications Officer    [e-mail] 
 Davina Hobbs, Head of Investor Relations                   [e-mail] 
 Aimee Remey, VP US Investor Relations                       [e-mail] 
 Callum Sims, IR Manager                                     [e-mail] 
Media - Entain plc                                                 [e-mail] 
 Lisa Attenborough, Head of Corporate Communications   [e-mail] 
 Jay Dossetter, Head of Corporate PR                       [e-mail] 
 Jodie Hitch, PR Manager                                     [e-mail] 
Powerscourt                                                    Tel: [phone] 
 Rob Greening/Nick Hayns/Sam Austrums                      entain@powersco urt-group.com 
 

About Entain plc

Entain plc (LSE: ENT) is a FTSE100 company and is one of the world's largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports brands include BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, Sports Interaction and SuperSport; Gaming brands include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino. The Group owns proprietary technology across all its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis.

The Group has a 50/50 joint venture, BetMGM, a leader in sports betting and iGaming in the US. Entain provides the technology and capabilities which power BetMGM as well as exclusive games and products, specially developed at its in-house gaming studios. The Group is tax resident in the UK and is the only global operator to exclusively operate in domestically regulated or regulating markets operating in over 40 territories.

Entain is a leader in ESG, a member of FTSE4Good, the DJSI and is AA rated by MSCI. The Group has set a science-based target, committing to be carbon net zero by 2035 and through the Entain Foundation supports a variety of initiatives, focusing on safer gambling, grassroots sport, diversity in technology and community projects. For more information see the Group's website : www.entaingroup.com

LEI: 213800GNI3K45LQR8L28

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCUBRAROBUSUAR

(END) Dow Jones Newswires

April 27, 2023 07:08 ET (11:08 GMT)