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The Latest Breaking News from Entain

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

Evening Standard

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

The Guardian - AU

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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

Evening Standard

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 - AU

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

The Guardian - UK

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Under-fire boss of Ladbrokes owner Entain takes off

A report last week claimed shareholders were unhappy with her leadership, dealmaking and private jet use

Evening Standard

Ladbrokes and Coral owner to pay £585m to settle HMRC bribery inquiry

Gambling giant Entain reaches deal over past practice at company it owned in Turkey

The Guardian - UK

Gambling shares plunge as William Hill owner 888 warns on profits days after Entain reveals revenue hit

Punter-friendly sports results and safer gambling reforms have hit revenue at London-listed bookies

Evening Standard

£1bn knocked off Ladbrokes owner Entain’s market cap as new UK safer gambling rules hit revenue

The betting giant said it will cut costs and mull exiting certain markets to stay on course to hit profit targets

Evening Standard

Taxing unregulated gambling is easier said than done

Nicola Willis needs to be careful to not drive punters to websites based in tax-friendly jurisdictions like Malta or Guernsey

Newsroom.co.nz

Ladbrokes owner Entain’s shares fall as its US joint venture partner MGM enters UK market with rival tech

MGM and Entain together run the BetMGM brand in the US

Evening Standard

Ladbrokes owner sets aside £585m to settle HMRC bribery inquiry

Entain says it is close to ‘drawing a line’ under scandal at Turkish-facing online betting firm it owned

The Guardian - UK

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Evening Standard

FTSE 100 Live: Wilko goes bust but no ‘immediate’ job losses, US inflation rises

The downward run for US inflation ended today, with the rate of price rises in July rising to 3.2%. But core inflation ticked slightly down to 4.7%, enough to reassure investors that the fed is done with rate hikes.

Evening Standard

Ladbrokes and Coral owner Entain puts aside £585 million to settle HMRC bribery probe

The betting giant is in negotiations over a deferred prosecution agreement, and while it is not final, it says it expects to have to pay more than half a billion pounds

The Guardian - UK

Firm behind ‘voice of gamblers’ group co-owned by betting industry consultant

Gamblers Consumer Forum aims to derail planned betting reforms and claims to act on behalf of ordinary punters

Evening Standard

William Hill owner 888 takes apparent swipe at former CEO candidate Alexander as it picks new boss

888’s chair Lord Mendelsohn highlighted new boss Per Widerström’s “reputation on governance and compliance”, days after Alexander’s compliance record meant the firm stopped talks over him taking charge

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The Guardian - UK

UK operating licence of William Hill owner 888 placed under review

Move by Gambling Commission leads company to break off talks with prospective leadership trio

Evening Standard

William Hill owner 888 warns licence could be at stake as watchdog probes new investors

Kenny Alexander, who built the business now known as Entain before a shock exit, led a vehicle that bought a stake in 888 last month

Newsroom.co.nz

Gamblers hit back at TAB takeover

The Commerce Commission's consideration of the deal for the takeover of the TAB provides the first real forum for public consultation

Newsroom.co.nz

New TAB operator Entain breached Gambling Act, watchdog says

Entain subsidiary sent advertising materials days before TAB partnership was enacted.

The Guardian - UK

Ladbrokes owner Entain expects ‘substantial financial penalty’ after UK investigation

Authorities looked into possible bribery offences by one of gambling group’s former Turkish subsidiaries

The National (Scotland)

Owner of huge gambling chain may face 'substantial' penalty amid bribery probe

A NEARLY four-year bribery investigation into the owner of a betting chain could end in a “substantial financial penalty”.

The Guardian - UK

Ladbrokes owner funded ‘dishonest’ lobbying against gambling reforms

MP says campaign by Players’ Panel, funded by Entain, urging people to write to their MP was shameful

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