Entain Share Discussion Threads

[bargainsniper] 03/5/2024 17:50

Flint ruled himself out, Andy Hornby or Dan Taylor could be possibilities

[italianofacile] 03/5/2024 16:33

BH does seem to have a soft spot for Stella... Question is do Entain and, Stella have a soft spot for Adam.. Now thay would be well received..

[merism] 03/5/2024 16:06

If they are struggling to find someone better, they may just appoint Stella on a permanent basis.

[bargainsniper] 03/5/2024 15:37

Bill Hornbuckle -- Chief Executive Officer and PresidentYes. Look, I think Stella, their new CEO, is a breath of fresh air. She's been extremely transparent, she took Adam Greenblatt, who is the CEO of BetMGM to India to get under the covers, to meet with the design development teams. So, she had him speak at a town hall about the importance of BetMGM and all that mattered and so we're excited by that.We think it's movement in the right direction, and it's something that, frankly, heretofore hadn't happened. And so, that's all affirmative and positive. Everyone is agreeing to the road map. It's an extensive road map on product development, and it's going to take some time and energy and some investment, particularly on Entain's behalf, and they're fully supportive of that.And so, yes, I think things have changed and I think for the much better.Https://www.fool.com/earnings/call-transcripts/2024/05/01/mgm-resorts-international-mgm-q1-2024-earnings-cal/

[macarona] 02/5/2024 15:05

Barry and current management are no better than Kenny. They declined an offer almost double our share price now.

Surely, if he/they knew of the impending regulatory impact, then they should have accepted the offer then??!

The past is the past and the main question is where does the company performance and share price from here. Future is potentially compelling, assuming no further unforeseen risks.

[bargainsniper] 02/5/2024 14:05

FY2024 back to profit here

[bargainsniper] 02/5/2024 13:35

Yes, consider FY2023, this is how the gambling companies did for net profitFlutter 1211M lossEntain 878.5M lossDraftkings 802M loss888 71.3M lossBet365 61.2M loss

[cheshiremoggie] 02/5/2024 13:13

Surely a 600m+ fine indicates how Entain is now paying for the 'glory days' of King Kenny.
That's 150m a year(if ENT are paying as proposed over 4 years) or over 20p a year that could have been given out as a dividend.

Also - for years analysts were talking about 'regulatory risk'. It didn't happen for years - now its here in a big way.

Just think - how big would profits have been if the regulatory crackdown had happened 10 years ago?

Sadly, going forward from here, betting companies will be less profitable than previously. Obviously.

CM.

[shareideas1] 02/5/2024 13:11

Well he has been restricted in taking other roles in the sector due to prior actions and indeed Entain engaged lawyers to see if could recoup prior comp

[shareideas1] 02/5/2024 12:41

Kenny was a cowboy riding a wave and bending rules... Entain are now paying the price for that - both figuratively and literally (ie turkey)

[badger8888] 01/5/2024 22:03

You may well be right. We haven't had any positive news for a very long time.

[badger8888] 01/5/2024 22:02

https://www.theguardian.com/society/2024/may/01/online-gamblers-who-lose-500-or-more-a-month-to-face-extra-checks

[bargainsniper] 01/5/2024 20:05

Mgm's Leovegas is all blah blah blah

They are insignificant

[macarona] 30/4/2024 20:30

hxxps://www.gamblinginsider.com/news/mobile/25078/mgm-resorts-introduces-betmgm-to-dutch-market

BETMGM launches in the Netherlands using LeoVegas…..did not the Netherlands just ban advertising with Entain stating their EBITDA is likely to be impacted??

[macarona] 30/4/2024 19:14

Not as shocking as £7….this is where we are heading, by the looks of things

[bargainsniper] 30/4/2024 18:21

786p share price
Shocking

[macarona] 30/4/2024 14:19

The rise had nothing to do with the repricing package. That news came out at 7 am. The share price increase was at 3 pm!!!

[tyroneshares] 30/4/2024 10:42

And today's 2% drop?I wonder if II will comment?

[davius] 29/4/2024 17:49

From II closing report:

Entain rose 2.1%, after it announced the repricing of two existing Term B loans, which it said will improve liquidity by about GBP295 million.

The Isle of Man-based bookmaker, which owns Ladbrokes and Coral, said the changes applied to a USD term loan worth USD1.74 billion, and a EUR term loan worth EUR1.03 billion.

[bargainsniper] 29/4/2024 16:41

Https://theshout.com.au/australian-hotelier/entain-venues-live-launches-with-dazn-content/

[demo trader] 29/4/2024 16:23

BUY NOTE earlier by a broker.

[the white house] 29/4/2024 15:46

Someone waded in at Grosvenor aka Rank with a 69m buy. Rank & Playtech both up over 10pc.Decent corporate action but who is involved??

[suetballs] 28/4/2024 11:57

Yep - we need a proper mover and shaker but I am concerned that we may just appoint another also ran.
Suet