Entain and Rank Group: a tale of two gaming groups
The promise of a final quarter boosted by the World Cup and strong growth in the US helped differentiate the companies
Company
Entain PLC
LON:ENT
Entain PLC, formerly GVC Holdings, is one of the world’s largest sports betting and gaming groups, offering sports betting, casino, poker and bingo and operate some of the industry’s largest online brands including bwin, Sportingbet, partypoker, partycasino and Foxy Bingo. In March 2018, as GVC, the group acquired Ladbrokes Coral to become the UK’s largest high street bookmaker, adding retail and online gaming brands, Ladbrokes, Coral and Gala to the portfolio. The Group, headquartered in the Isle of Man, has licences in more than 20 countries and has been trading since 2004, when it started out on AIM as a provider of services to the online gaming industry.
207 stories · page 8 of 11
Entain Q3 gaming revenues rise 2%, expects a boost from the World Cup
The FTSE 100-listed betting and gaming operator said it expects full-year group EBITDA to be up 5%-10% year-on-year
Citi cuts EPS forecasts for UK gaming blue-chips Entain and Flutter ahead of third-quarter results
The US bank's analysts said while they have left Entain and Flutter’s operational forecasts largely unchanged, full-year 2022/23 EPS estimates have been cut by 3% to 12% reflecting rising interest costs
Entain to reveal if cost-of-living squeeze is getting tighter
A profit warning in July saw online revenue growth guidance cut to “flat” for the full year, down from the previous “mid to high single digit” growth
Entain under investigation by Australian regulator over money laundering processes
The London-listed company has already been fined £17mln by the British gambling regulator
Ladbrokes owner Entain fined record £17mln for 'unacceptable anti-money laundering and safer gambling failures'
“Our investigation revealed serious failures that have resulted in the largest enforcement outcome to date," said Gambling Commission chief executive Andrew Rhodes
Archive
Market movers: Revolution Beauty jumps on Boohoo investment
A look at some risers and fallers on the market on Wednesday.
Where is the value in Entain?
Normally a fall in profits would result in a company's shares going the other way
Entain targets central Europe as online growth slows
Entain is acquiring Croatia's top bookie for €600mln
Entain, Antofagasta and M&G stand out on heavy day for company news
Miners, bookmakers and fund manager M&G make for an eclectic mix on Thursday
Entain, Flutter and 888 may struggle to tilt the odds as punters feel the squeeze
All three companies announce half-year results next week
Entain slips on back of target price cut from Deutsche Bank
Online revenues were below expectations, although this was somewhat offset by a stronger recovery in retail
Entain warns on profit as online sales fall 7% in first half
Revenue growth was driven mainly by its retail arm, including betting shops in the UK, Italy, Belgium and Ireland
Entain, Persimmon, Jet2 and CFD auction results fill diary for Thursday (plus some politics too)
This week the UK betting industry has also meant to have received the report of a major government white paper
Entain agrees to buy Dutch betting outfit BetCity
The acquisition will deliver €28mln of cost synergies by the end of 2026
Entain hails the return of retail but long-term it is all about the US
The growth of the US business should provide some succour to a group that is attracting unwanted regulatory attention in the UK
Entain shares mark time as strong start to the year fails to impress
The company hailed a return of punters to its Coral and Ladbrokes betting offices - but this came at a cost to online business
Standby for a new energy strategy, bookie Entain updates and house prices to keep on rising - Thursday's agenda
Nuclear, renewables and even a North Sea revival night be in energy plans to be unveiled tomorrow
Archive
FTSE 100 closes higher as US stocks make gains; oil prices firmer
At the close, the UK blue-chip index was 21.02 points, or 0.3% firmer at 7,558.92, below the session peak of 7,574.33 but above the day’s low of 7,532.34
Entain stutters as it waits on US gamble
Underlying profits fall 9%, while EBITDA hits tempered expectations as company continues US expansion