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The Latest Breaking News from Entain

Third executive quits gambling giant as company battles ongoing money laundering case

Exclusive: Lachlan Fitt, who served as chief financial officer of Entain Australia since 2018, resigns from company that runs Ladbrokes and Neds brands

The Guardian - AU

FTSE 100 nudges up despite Trump steel tariffs

The blue-chip index has hit a succession of record highs in recent weeks.

Evening Standard

CEO of Ladbrokes owner Entain steps down after five months in role

Company will be run on an interim basis by the chair, Stella David, after exit of Gavin Isaacs

The Guardian - UK

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Boss of Ladbrokes owner Entain steps down after five-month tenure

The owner of betting shops Coral and Ladbrokes said that by ‘mutual agreement’ Gavin Isaacs was stepping down with ‘immediate effect’.

Evening Standard

Ladbrokes gambling ads shown to parents on app used as a baby monitor

Campaigners urge crackdown after user says they were shocked to see offers of free bets

The Guardian - UK

KPMG under investigation over audit of gambling company Entain

FRC confirms inquiry into accounting firm’s 2022 audit of Ladbrokes, Coral and Sportingbet owner

The Guardian - UK

KPMG being probed by accounting watchdog over Entain audit

The Financial Reporting Council said it had launched an investigation into KPMG’s work on Entain’s 2022 accounts.

Evening Standard

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Entain shrugs off run of punter-friendly US sports results

The company, which owns betting shops Coral and Ladbrokes, saw its share price jump by as much as 9% when markets opened on Monday morning.

Evening Standard

University of Sydney has invested in world’s biggest poker machine maker and global betting giant

Experts say ‘disappointing’ relationships with gambling industry, including funding for research, should be scrutinised

The Guardian - AU

What is DAZN, the global streaming service behind the sale of Australian pay-TV giant Foxtel?

British platform is backed by billionaire Len Blavatnik and run by Shay Segev, former chef executive of gambling giant Entain

The Guardian - AU

Morning Mail: NSW’s ‘abortion deserts’, more poll woe for Albanese, and a possible Kamala comeback

Only three public hospitals in the state are routinely providing abortions, a new study shows; PM’s disapproval rating at 50%

The Guardian - AU

Ladbrokes owner took $152m from customers with ‘suspected criminal associations’, court documents claim

Gambling giant, which runs Ladbrokes and Neds, was aware patrons may have been laundering money, according to federal court documents

The Guardian - AU

Entain sued by Australian regulator over money laundering allegations

Australia’s financial crime regulator said Entain’s activities in the country left it at ‘serious risk of criminal exploitation’.

The Independent UK

FTSE 100 drops to two-month low as bond yields rise after Budget

The FTSE 100 finished 59.98 points, or 0.73%, lower to end the day at 8,159.63.

Evening Standard

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The Guardian - UK

Shares in UK gambling firms fall £2bn amid talk of higher taxes in budget

Thinktank reports saying sector should be hit with extra £900m to £3bn in levies prompt market selloff

inkl

Entertain Reports UK&I H2 Growth That Exceeds Expectations

After a challenging start to the year, Entain has made an impressive comeback in its UK and Ireland business, with both gaming and sports betting showing a strong rebound.

The Guardian - UK

Investors could claim £100m payout from Ladbrokes and Coral owner Entain

Legal firm says group failed to update shareholders on problems with bribery and corruption at its former Turkish operation

Evening Standard

Who will be the new Entain CEO? Here are the latest odds

It’s the third week of March, a perfect time to place a couple of bets. Cheltenham? Yeah Spy’s managed to lose a few bob there.

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Evening Standard

Big betting brands could be put up for sale as Ladbrokes and Coral owner Entain ‘reviewing all assets’

It comes after Entain swung to a huge £878 million loss, mostly due to one-off items

Evening Standard

Betting firm 888 to pay $50 million to quit failing American venture

Firms like Flutter and Entain have had great success in America but 888 failed to gain any ground in the country

The Guardian - AU

Global gambling company to leave Australia’s peak lobbying group

Entain will withdraw from Responsible Wagering Australia in coming months, as a government crackdown on betting ads looms

Evening Standard

The biggest corporate gaffes of 2023

It's that time of the year again. Here are 15 of the City desk's best corporate gaffes of 2023

The Guardian - AU

Lobbyists lining up to put their case to minister over Australia-wide ban on gambling ads

Exclusive: Freedom of information reveals long list of concerned parties meeting Michelle Rowland

The Guardian - AU

Major gambling firms caught enabling illegal in-play sports bets in Australia

Acma ruling prompts calls for money to be returned to punters as government continues to consult on tougher regulation

The Guardian - UK

Jette Nygaard-Andersen steps down as boss of Ladbrokes owner Entain

Chief executive quits after betting group, which also owns Coral, agrees settlement over alleged bribery

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