Entain Share Discussion Threads

[the white house] 21/3/2022 14:02

So many comments all missing the pointRobins heated quote, 5 or 6 days back, was the day a fellow Director sold 5m bucks worthAnyway DK were down again Sat night after crashing 4 times on opening night of MM. Hopeless and plenty of comments re moving to FanDuel and BetMGM on their twitter. Did the director know !?Upsets continue on the hoops and books will be well ahead thus far on the tourney, turnover hugeWhat with Italy rugger beating Wales at 25/1 things ticking along nicely

[srpactive] 21/3/2022 13:48

rns
Probably making room for a US person.

[mip55] 21/3/2022 13:30

What Robins actually said was If you sold #DKNG today, just be aware that my team and I are on a mission to make you regret that decision more than any other decision you've ever made in your lifeWhich puts a slightly different emphasis on things.

[srpactive] 21/3/2022 13:08

They are American companies different rules.

[base7] 21/3/2022 13:04

I am surprised a CEO of a quoted company can make such a statement without being hauled before the regulator as his integrity must surely be called in to question .
That said ,Elon Musk seems to say what he wants without repercussions

[italianofacile] 21/3/2022 11:36

or for that matter £16.24bn of stock in Cash...

[srpactive] 21/3/2022 11:26

Or if he wants to make good money buy $16m of ent stock.

[italianofacile] 21/3/2022 11:07

For sure and if memory serves he sold $16m of stock in Sept Oct 2021..and best way to get even I would have thought would be for the CEO to buy the stock everyone is dumping..

[phillis] 21/3/2022 09:06

He probably needs to tweet a bit more
That will make a difference I am sure

[coxsmn] 21/3/2022 07:09

He really is a champion spin doctor.

[pete160] 21/3/2022 06:53

Well he would say that wouldn't he! The same goes for me and my magic bean company.

[italianofacile] 20/3/2022 21:14

DraftKings CEO says people selling his company’s stock will ‘regret that decision more than any other decision you’ve ever made in your life’.. End quote

[phillis] 20/3/2022 16:38

Ah wonderful
That tells us a lot

[coxsmn] 20/3/2022 07:27

Twitter followers 2nd Jan to 20th Mar 2022 :Draftkings Sport 121.6k, 140.8k (+15.8%) Fanduel Sport 161k, 191.3k (+18.8%) BetMGM Sport 165k, 223.0k (+35.2%) Total for Sport + Casino (20th Mar) :Draftkings 140.8k + 9.18k = 150.0kFanduel 191.3k + 2.22k = 193.5kBetMGM 223k + 41.9k = 264.9k

[srpactive] 20/3/2022 07:03

S / if

Thank you, good info.

We have betboo, King Kenny bought it years ago.

[italianofacile] 19/3/2022 20:59

Below indicates perfectly the Elephant in the room... Igaming..
Sports is a side show.. Igaming gets, adopted in US and Entain can go way north of £50...igaming averages 5 times sports revenue.. TAM sports 25bn..igaming on that basis 125bn..
"February internet gaming gross receipts were a Michigan record $122.78m, exceeding the previous record of $121.8m set in December 2021. The figure was also up by 53.8% compared to $79.7m in February 2021.

Gross sports betting receipts totalled $22.5m, down 35.2% on January 2022 but up 136.7% year-on-year from $9.5m."

[speedsgh] 19/3/2022 12:57

Gambling groups hedge their bets as Brazilian market opens -

Brazilians in search of a flutter for a long time had the odds stacked against them.

Due to a decades-old general ban on gambling, punters were mostly limited to state-run lotteries and scratch cards, horse wagers at authorised racetracks, or an illegal but widespread numbers game — jogo do bicho — based on picking different animals.

Yet thanks to a law passed at the end of 2018, anyone with an internet connection and electronic payment method in Latin America’s most populous nation now has another officially sanctioned option: online sports betting.

The activity has taken off in popularity since it was legalised and is already estimated to collectively generate hundreds of millions of dollars for digital bookmakers. Entain, the UK-listed owner of Ladbrokes and Sportingbet, this month said its betting revenues in Brazil more than doubled in 2021. Exact figures are not disclosed but revenue of £259mn derived beyond its key markets of the UK, Europe and Australia is “predominantly driven by Brazil”.

Peter Jackson, chief executive of Flutter, the world’s largest gambling group and whose Betfair brand offers also betting there, said the country presented “a very significant opportunity”.

An absence of regulation and formal licence awards has however deterred some operators who are wary of the legal uncertainty and costs, according to sector executives.

For example, says one, “you have to do your banking outside of Brazil and so you are faced with exchange rates going in and out”.

But as the government in Brasília races to draft rules for the budding industry in time for a deadline set by the original legislation and December’s soccer World Cup in Qatar, international gambling companies are eyeing Brazil as a major growth market.

The expectation is that a clear regulatory framework will open the door to new entrants, set standards and boost the public coffers.

Following liberalisation by multiple US states, which have permitted online gambling to help plug pandemic-induced budget holes, the South American country is tipped as one of the next big frontiers. A population of 214mn people and national obsession with football are enticing prospects for bookies.

Entain plans to apply for a Brazilian sports betting licence “as soon as it is available”, said its senior vice-president for American regulatory affairs, Martin Lycka.

“It’s a very exciting opportunity and the regulation is now finally getting there,” he added. “As the overall tax burden will be around 19 per cent of gross gambling revenue, compared to some European jurisdictions the market will be more welcoming.”

Mature European markets typically take upwards of a fifth of gross gambling yield — the amount retained by operators after winnings have been paid out. In Greece, the tax rate is around 34 per cent of GGY, while in it Italy it is 24 per cent...

[italianofacile] 18/3/2022 18:35

The top gambling regulator in Nevada on Thursday delayed MGM Resorts International stakeholder Barry Diller’s licensing after federal authorities launched insider-trading investigations into his share purchases of Activision Blizzard Inc.

[macarona] 18/3/2022 17:35

Long may it continue.

[coxsmn] 18/3/2022 17:24

We are way undervalued is a good reason.

[macarona] 18/3/2022 16:53

So what’s behind today’s rise?

[the white house] 18/3/2022 15:42

Rachael wins the races, fav but not Mullins again so ok for the books and top publicity for the sport Wonderful racing all week, bookies and stands back full

[the white house] 18/3/2022 15:14

Mullins win the first two with favs and the bookies were fearing the roll ups. He wins the 3rd but with 2nd string 18/1 skinner and all is well again for the books...so far

[tyroneshares] 18/3/2022 14:05

There's definitely something about 1666.

[coxsmn] 18/3/2022 12:08

https://twitter.com/EntainGroup/status/1503436687740915718?s=20&t=Q2ZFK9I0-JUpVOMmpk2NIA