Entain Share Discussion Threads

[cheshiremoggie] 04/5/2022 18:46

It wasn't a 4bn bid.

[the white house] 04/5/2022 18:15

Radcliffe was bizarrely late but the fact it is a US merchant bank handling the sale and the preferred bidder has a US main backer may have something to do with the timetable not being extended by a week or so to allow an English bidder for a UK club. Radcliffe needs to offer them bank 100m to delay, that may concentrate their minds However, Chelsea made their bed...

[srpactive] 04/5/2022 16:15

A drop of 100p from 10am, for what reason?

The fed will do what they will do.

dyor

[srpactive] 04/5/2022 16:05

So UK Mr Ratcliffe has his £4bn offer for Chelsea rejected.

A US investor with a £2.5bn bid is placed as preferred bidder.

Another UK asset going the same way on the cheap.

Special relationship.

[srpactive] 04/5/2022 15:50

Mark up from here takes you to 2000p.

[bartyb] 04/5/2022 15:48

Always back to this level

[srpactive] 04/5/2022 15:07

This weakness every afternoon is most disappointing but
blatantly obvious what is happening with another UK
asset.

dyor

[fenners66] 04/5/2022 11:30

quite right they should not be advertising "free spins" and $100k bonus , this is a profitable business , not Draft Kings !!

[bartyb] 04/5/2022 10:46

Fines were not a lot

[mjb17] 04/5/2022 10:36

hmonk - very interesting development that.

[bartyb] 04/5/2022 10:29

BetMGM and PointsBet handed Ontario penalties over marketing breaches
4th May 2022 | By Robert Fletcher
The Alcohol and Gaming Commission of Ontario (AGCO) has issued monetary penalties to BetMGM and PointsBet after alleging the two operators breached regulations related to advertising and inducements.

The BetMGM Canada arm of BetMGM was served a notice of monetary penalties totalling CA$48,000 (£29,974/€35,565/US$37,401) for alleged failure to comply with Standards 2.04 and 2.05 of the Registrar’s Standards for Internet Gaming.

The PointsBet Canada division of PointsBet was also served a Notice of Monetary Penalties amounting to $30,000 for alleged breaches of Standard 2.05.

Standard 2.05 prohibits advertising and marketing materials that communicate gambling inducements, bonuses and credits, except on an licensed operator’s gaming site and via direct advertising and marketing, after receiving active player consent.

Meanwhile, Standard 2.04 states all operator marketing, advertising and promotions to be truthful, not mislead players or misrepresent products, including requiring materials do not imply the chances of winning increase the more a player spends.

The Standards were finalised and announced in September 2021 ahead on Ontario opening its legal online gambling market on 4 April this year.

Detailing the specific violations of these Standards, the AGCO alleged how BetMGM Canada ran a ‘$250K Launch Party’ advert, including a contest offer where the winner would receive a $100K casino bonus. The post was initially tweeted on 4 April and again on 11 April.

BetMGM Canada also ran a ‘Bellagio̵7; ad, including an offer of a $10 casino bonus in return for a $25 bet, with the post initially tweeted on 4 April, and again on 6 April and 8 April. In addition, the operator posted a ‘Jimi Hendrix Free Spin Friday’ for the chance to win 100 free spins on Twitter several times on 8 April.

According to the AGCO, these three cases were regarded as breaches of Standard 2.05.

BetMGM Canada was also found in violation of Standard 2.04, when it posted a tweet stating that “the more money you put in per bet, the higher your chance is of winning” on 10 April.

Meanwhile, PointsBet Canada was flagged for two alleged breaches of Standard 2.05, the first of which was that during the period from 4-21 April, posters were place on GO trains and in multiple products with an inducement to play for free.

In addition, the AGCO said that between 4 and 17 April, PointsBet Canada placed posters at two GO train stations with an inducement to play for free.

“The AGCO holds all registered operators to high standards of responsible gambling, player protection and game integrity, and monitors their activities to ensure they are meeting their obligations under Ontario’s Gaming Control Act and the Standards,” AGCO chief executive and registrar Tom Mungham said.

Both BetMGM Canada and PointsBet Canada will have the option to appeal the decisions to the Licence Appeal Tribunal, an adjudicative tribunal independent of the AGCO and part of Tribunals Ontario.

[bartyb] 04/5/2022 10:17

Bit of a drop ,profit taking?

[hmonk] 04/5/2022 10:13

It looks like online sports betting in California will be on the ballot later this year, it needed 1 million signatures on a petition to put it to referendum and got 1.6 million.

[mjb17] 04/5/2022 10:01

hmonk - noted and thanks. excellent perspective on the realities. One day the sponsors of the chasing pack will wake and call time on the loss making. The losses are so huge that it must end soon.

[srpactive] 04/5/2022 09:07

The brands are the name really, if we merge it will
change anyway.

[the white house] 04/5/2022 09:06

Which is why BetMGM and FanDuel did it differently as you should highlight here

[bartyb] 04/5/2022 09:03

I still reckon they should change the name to something more memorable and allied to gaming

[slogsweep] 04/5/2022 08:55

£2m buy at 7 this morning seems to have injected some life

[hmonk] 04/5/2022 08:38

Caesars US online results were impressive last night, negative revenues and a $570m loss in Q4. It turns out that giving out free money is expensive. BetMGM had $271m of revenues and loss of $184m over the same period.

[srpactive] 04/5/2022 08:36

Unless mgm and ent see massive profits coming from betmgm
cash cow and are investing it earlier, so when it does the pegs
are already in place. A merger could be on the cards.

dyor

[the white house] 04/5/2022 08:33

Short squeeeeezeadded

[hmonk] 04/5/2022 08:20

Agreed mjb17, Leovegas and Entain don’t overlap much at all. 35% of LV business is in unregulated markets where Entain has no exposure, 49% is in the Nordics where Entain is small with only a little exposure in Sweden.

Leovegas doesn’t have its own sports book technology either.

The latest rumour is that the UK white paper will be released between 1 - 2 weeks after the local elections.

[srpactive] 04/5/2022 08:15

Between the two of them they are buying lots of tech and
competition, if they merge and soing off betmgm they would
have a monster company with synergies.

[mjb17] 04/5/2022 08:04

And why should it create hostilities - this is business, it should create respect imo. As far as I understand it ENT have already decided to go it alone in Canada - a territory if I'm not mistaken quite close to America.

Why shouldn't MGM open a business and go for it in Europe - good healthy competition and enhances a consolidation justification - as if there needs to be one, with two companies in a JV with the probable market leader in the largest regulated domestic territory in the world.

MGM and ENT will want to come together at some point. It wont before both sides see what the UK Govt have in store for ENT.

[bartyb] 04/5/2022 00:15

This certainly will create some hostilities. Is entain able to stand up to the mgm giant?