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The Latest Breaking News from Entain

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

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

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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

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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

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

The Guardian - UK

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.

inkl

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

The Guardian - UK

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.

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

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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

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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

Evening Standard

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

The Guardian - UK

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

Evening Standard

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

Newsroom.co.nz

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

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