Ladbrokes Owner Buys Croatian Gambling Co. For €600M

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Reuters

UK mulls 1% gambling levy to fund research and treatment of addiction

LONDON, Oct 17 (Reuters) - The British government said on Tuesday it was considering a new levy on online gambling companies of up to 1% in a move it predicts would raise 100 million pounds per year to fund research, prevention and treatment of gambling addiction. While a voluntary levy already exists, the government's Department for Culture, Media…

Gambling Addiction ・ 17 October 2023

Entain

Entain launches innovative new Bingo game in licensing partnership with Gaming Realms

Entain launches innovative new Bingo game in licensing partnership with Gaming Realms Slingo Bingo is available exclusively to Entain's UK customers Entain, the global sports betting, gaming, and interactive entertainment group, announces the launch of a unique and innovative multiplayer bingo game, Slingo Bingo, under licence from Gaming Realms.…

Industry ・ 25 May 2023

Gambling Industry News

UK Gambling Commission Hits Entain With Record Fine For Serious Failings

Gambling company Entain has been fined £17 million (€20.2 million) by the UK Gambling Commission after an investigation uncovered social responsibility and anti-money laundering failures at its online and land-based businesses. Online customer living in social housing deposited £186k without any source of funds checks The Commission's announcement…

Gaming Authorities ・ 17 August 2022

Mirror

Gambling giant that owns Ladbrokes, Coral and Foxy Bingo hit with huge £17million fine

Gambling giant Entain is to pay £17 million for social responsibility and anti-money laundering failures in the Gambling Commission's largest ever enforcement action. Entain Group will pay £14 million for failures at its online business LC International Limited, which runs 13 websites including ladbrokes.com, coral.co.uk and foxybingo.com. It will…

Bingo ・ 17 August 2022

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Investing

Entain Tumbles as Slowdown in Online Gambling Hits 2Q By Investing.com

Stock Markets 29 minutes ago (Jul 07, 2022 07:53AM ET) By Geoffrey Smith Investing.com -- Entain (LON:) shares fell 12% on Thursday to an 18-month low after the owner of the Ladbrokes and Coral betting chains reported a sharp slowdown in online gaming revenue in the first half of the year, suggesting that the boost it had from locked-down customers…

Sports ・ 07 July 2022

Gambling News

Playtech Launches New Live Game and Features on Ladbrokes UK

Playtech has struck a new partnership with Entain's Ladbrokes in the United Kingdom. The company has introduced its proprietary Well Well Well Live product to the casino platform. The game was developed by Playtech's dedicated software and live studio in Riga and will be streamed from there. Playtech can enjoy a high production value as one of the…

Live Gambling ・ 28 April 2022

World Casino News

Playtech launches new live studio gameshow for Ladbrokes

Gambling software development company Playtech (PTEC.L) has launched, Well Well Well Live, a new, bespoke live game show, for Entain plc's (LSE: ENT) flagship online gambling and sports betting brand Ladbrokes UK. Live-streamed from its next-generation Live Casino in Riga, Latvia Playtech pulled out all the stops building the new game, affording it…

Sports ・ 27 April 2022

Share Cast

Online gambling boosts Entain

The owner of Ladbrokes and Coral reported net gaming revenue (NGR) of £3.89bn for the year to 31 December, a 7% increase year-on-year, or 8% on a constant currency basis. Within that, online NGR rose 13% on a constant currency basis, the ninth consecutive year of double-digit growth. Retail was hit by store closures during the first half, following…

Bingo ・ 03 March 2022

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United Kingdom

KELO-AM

Ladbrokes owner Entain’s profit rises on online gambling growth

Industry ・ 03 March 2022

The Star

Entain's online gambling growth slows but betting shops rebound

Industry ・ 23 January 2022

This Is Money

Ladbrokes owner cuts profit forecast as online gambling boom falters

Gambling group Entain has narrowed its guidance as 23 consecutive quarters of digital revenue growth came to a shuttering end. The Ladbrokes and PartyPoker owner forecasts making between £875million and £885million in underlying earnings for the 2021 financial year, against a much broader previous estimate of £850million to…

Industry ・ 20 January 2022

The Guardian

$22.4bn bid for Entain underlines value of British online gambling expertise

The blockbuster $22.4bn (£16.4bn) bid for Ladbrokes and Coral owner Entain underlines just how valuable British online gambling expertise has become. Its prospective buyer, US fantasy sports outfit DraftKings, is one of the major players vying for supremacy in the fast-growing US online betting market. This 21st-century gold rush was triggered by…

Mobile ・ 22 September 2021

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Sports

UK News Today

Online Gambling Firm 888 Odds On To Snap Up William Hill's UK Bookies

Online bookmaker 888 is the favourite to take over William Hill's UK and European business and return the 87-year-old company to British ownership. The firm, which has a market capitalisation of £1.5billion, said it was in advanced talks with William Hill's new American owner to buy the non-US parts of the business in a deal worth up to…

Travel ・ 08 September 2021

London South East

TOP NEWS: Entain profit swells on Covid-induced online gambling boom

Covid ・ 12 August 2021

The Guardian

Some bets are safe despite upheaval in the British and US gambling industry

Fifteen years ago, when the UK government was finalising the legislation that shaped the modern gambling industry, moral panic about planned "supercasinos" meant the idea was ultimately consigned to the scrapheap. Plans for up to 40 were whittled down to eight, then again to just one in Manchester, before Gordon Brown caved in to media pressure -…

Industry ・ 08 August 2021

The Gazette

Blackpool South MP Scott Benton accepted almost £8,000 in free Wimbledon, Royal Ascot and Euro 2020 tickets from gambling industry

It comes a week after the Blackpool South tory MP asked culture secretary John Whittingdale to review a case for a super casino in Blackpool, and promoted the use of high street betting shops. The MP register of interests showed Mr Benton accepted £7494.60 in hospitality and free tickets to major sporting events from gambling firms in the country…

Industry ・ 15 July 2021

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Ladbrokes

Casino News Daily

Advent Said to Be Eyeing William Hill’s Non-US Gambling Assets

US private equity firm Advent International is understood to have joined the race for William Hill's UK and European operations and is believed to be among the leading bidders. The company is vying against buyout rival Apollo Global Management and online gambling operator 888 Holdings, among others, in the bidding war for the bookmaker's non-US…

Industry ・ 12 July 2021

Casino Guardian

Entain Intends to Boost Investment in Game Development Studios to Enhance Online Gambling Experience

British gambling giant Entain has revealed its decision to double its investment in its game development studios because the company wants to enhance its focus on online gambling following the closures of hundreds of high-street betting outlets. Entain, which currently owns brands such as Ladbrokes, Coral and bwin, also plans to double the number…

Software ・ 09 July 2021

Casino News Daily

Entain Eyes William Hill’s Non-US Gambling Arm as New Acquisition Target

Gambling powerhouse Entain is mulling making a bid for William Hill's non-US assets which the British bookmaker's new owner, Caesars Entertainment Inc., is looking to offload. In a recent interview, Entain's CEO, Jette Nygaard-Andersen, said that they plan to look at William Hill's UK and European operations and possibly table an offer for…

Industry ・ 08 August 2021

UK Investor Magazine

Lockdowns hold Entain back despite surge in online gambling

Entain (LON:ENT), owner of Ladbrokes, has confirmed its revenue fell during Q1 as the closure of its betting shops outweighed an increase in online revenue. While the FTSE 100 company's net gaming revenue rose by a third during the first quarter ending on 31 March, its 21st consecutive quarter of digital growth, the firm's overall revenue fell by…

Covid ・ 07 May 2021

New Jersey Online Gambling

MGM's New CFO Had a Hand in Tanking Caesars

After two failed attempts to acquire online gambling partner Entain, MGM Resorts International named Jonathan Halkyard as its new chief financial officer Thursday. Presumably, MGM, parent company of online sportsbook BetMGM, brought Halkyard on for his experience in mergers and acquisitions in the wake of the rejection of the company's $11 billion…

Industry ・ 19 January 2021

Casino Guardian

Entain Announces Enlabs Acquisition Deal only Days After Rejecting MGM Resorts' Takeover Bid

The British sports betting and gambling company Entain plc, which owns the popular bookmaker brand Ladbrokes Coral, has reached an agreement to purchase Swedish online gambling and sports betting firm Enlabs at the price of £250 million. The deal comes at a time when there has been an increased movement towards further consolidation across the…

Travel ・ 19 January 2021

Reuters

After snubbing MGM advance, Ladbrokes owner seeks to buy Swedish rival

Covid ・ 19 January 2021