Entain’s Strategic Foray into Free-to-Air Television: A Game-Changer for Australian Racing Entain, a global leader in sports betting and gaming, is set to redefine the Australian broadcasting landscape. Reports from the Australian Financial Review reveal that Entain has been in discussions with top commercial networks, including Seven, Nine, and Ten, exploring opportunities to launch a […]
Entain’s Legal Challenge: Uncovering BetCity’s Hidden Regulatory Probes In a significant legal move, global gaming giant Entain has filed a lawsuit against the former owners of BetCity, alleging a deliberate concealment of investigations by the Netherlands Gambling Authority (KSA) during the €850 million acquisition process. This action highlights the critical importance of transparency and compliance […]
Discover the latest legal showdown as Entain takes on former BetCity owners in a high-stakes lawsuit. Entain’s Legal Battle: Suing Former BetCity Owners Entain, a prominent player in the global gambling industry, has escalated a legal dispute by initiating legal proceedings against the former owners of BetCity, a Dutch brand it acquired in June 2022. […]
Entain, the renowned gambling group behind brands like Ladbrokes and Coral, has embarked on a significant boardroom reshuffle following last week’s departure of CEO Jette Nygaard-Andersen. This strategic move signals a new chapter for the company as it navigates through a period of transition and seeks to maintain its strong position in the gambling industry. […]
In a landmark enforcement action, the Dutch gambling regulator, Kansspelautoriteit (KSA), has levied a massive €3 million fine against the well-known operator BetCity. This fine, one of the largest in the sector’s history, arises from significant breaches in anti-money laundering (AML) and terrorist financing regulations, highlighting the KSA’s unwavering commitment to maintaining integrity within the […]
In a financial twist that sent shockwaves through the gaming industry, investment banking titan Goldman Sachs has officially downgraded Entain from a buy to a sell, marking a pivotal moment for the renowned Ladbrokes and Bwin owner. The reason behind this drastic shift? Lingering concerns about Entain’s growth trajectory, especially within its online gaming division, […]
Entain, a prominent player in the gaming industry, has taken a decisive step towards resolving its historical legal predicament. The company has reached a groundbreaking Deferred Prosecution Agreement (DPA) in principle with the Crown Prosecution Service (CPS) concerning its past activities in Turkey. With preliminary judicial approval secured, Entain is now poised for a final […]
Entain’s Ladbrokes brand has received a warning from the Advertising Standards Authority (ASA) regarding a social media poll related to the popular social media personality Jake Paul. The bookmaker conducted the poll in anticipation of Paul’s second boxing match against Tommy Fury in February. The poll posed the question: “So, we’ve got to ask the […]
Shortly after securing ministerial approval in New Zealand, Entain, in partnership with TAB New Zealand, has violated the New Zealand Gambling Act by unlawfully promoting its products. Following the approval from Racing Minister Kieran McAnulty, Entain assumed control of TAB NZ, securing a 25-year operating license and pledging a substantial $900 million investment in the […]
Entain, the gambling company listed on the FTSE, has issued a warning that it anticipates a significant financial penalty following an investigation into potential tax and bribery violations involving a former Turkish subsidiary. The investigation was initiated by UK tax authorities in 2019. Entain, the owner of Ladbrokes and Coral, has informed its shareholders that […]