ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

ENT Entain Plc

793.20
8.20 (1.04%)
Last Updated: 15:06:32
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Entain Plc LSE:ENT London Ordinary Share IM00B5VQMV65 ORD EUR0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  8.20 1.04% 793.20 793.00 793.60 797.40 779.00 789.80 390,110 15:06:32
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Amusement & Rec Svcs, Nec 4.77B -928.6M -1.4537 -5.47 5.08B

Entain PLC Acceleration of Unregulated Market Exits (0295N)

18/01/2023 10:00am

UK Regulatory


Entain (LSE:ENT)
Historical Stock Chart


From Mar 2022 to Mar 2024

Click Here for more Entain Charts.

TIDMENT

RNS Number : 0295N

Entain PLC

18 January 2023

For Immediate Release

10.00am 18 January 2023

Entain plc

("Entain" or the "Group")

Acceleration of unregulated market exits

Entain plc (LSE: ENT), the global sports betting, gaming and interactive entertainment group, today announces that it has accelerated its plans to exit a number of unregulated markets where it no longer sees a path to domestic regulation.

On 12 November 2020, Entain announced a clear strategy for sustainability, growth and innovation. As part of that strategy, the Group made a commitment that, by the end of 2023, 100% of the Group's revenue would come from markets that are nationally regulated.

From today, the Group will accelerate this process by exiting its few remaining markets where there is no clear path to market liberalisation via domestic regulation. The Group is now licensed in more than 30 countries and will remain in only a small number of markets where it expects changes in regulation will enable it to obtain domestic licenses in due course. With the exception of these markets, 100% of the Group's revenue will now be from domestically regulated markets where it is licensed. The net gaming revenue and EBITDA impact from these closures is relatively small and will have no effect on current expectations.

Barry Gibson, Entain's Chair, commented:

"As part of the profound and far-reaching transformation programme that Entain has undergone in the last few years, we took the decision in 2020 to only operate in nationally regulated markets. Today's announcement is therefore a continuation of that strategy, and should be taken as a clear demonstration of Entain's commitment to the highest standards of corporate responsibility, governance, sustainability, and player safety. We stated at the outset that we would exit any market that wasn't able to regulate at sufficient pace or to the right standards, and we have acted decisively to do so. We are proud to be leading our industry as the only global operator taking this approach of solely operating in markets where there is domestic licensing."

Enquiries:

 
Investor Relations - Entain plc                                investors@entaingroup.com 
 David Lloyd-Seed, Chief IR & Communications Officer    david.lloyd-seed@entaingroup.com 
 Davina Hobbs, Head of Investor Relations                   davina.hobbs@entaingroup.com 
 Callum Sims, IR Manager                                     callum.sims@entaingroup.com 
Media - Entain plc                                                 media@entaingroup.com 
 Lisa Attenborough, Head of Corporate Communications   lisa.attenborough@entaingroup.com 
 Jay Dossetter, Head of Corporate PR                       jay.dossetter@entaingroup.com 
 Jodie Hitch, PR Manager                                     Jodie.hitch@entaingroup.com 
Powerscourt                                                    Tel: +44 (0) 20 7250 1446 
 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, operating in over 40 regulated or regulating 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 rns@lseg.com 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

MSCBRMFTMTIBBMJ

(END) Dow Jones Newswires

January 18, 2023 05:00 ET (10:00 GMT)

1 Year Entain Chart

1 Year Entain Chart

1 Month Entain Chart

1 Month Entain Chart

Your Recent History

Delayed Upgrade Clock