Tag Archives Entain

Entain counters resistance by increasing its takeover offer for Enlabs AB

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Prominent iGaming and sportsbook operator Entain has announced that it has redoubled its effort to purchase smaller Baltic-facing competitor Enlabs AB by upping an earlier bid by some 32.5% to approximately $446.1 million. The Isle of Man-based firm is already responsible for a plethora of iGaming brands including Bwin, Ladbrokes, PartyPoker and SportingBet and ...

Entain completes first stage of preventive approach to online customer care with release of ARC

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Top-rated online sports betting and gaming entertainment operator Entain has just finished up its first stage of a plan to provide additional customer protection. Titled Advanced Responsibility and Care (ARC) the product will help the company review behavior indicators of players to determine if there is a risk. The tool also develops models using ...

Entain remaining committed to its Enlabs AB takeover offer

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Prominent iGaming and sportsbook operator Entain is reportedly standing by its $336.7 million offer to purchase smaller Baltic-facing competitor Enlabs AB after extending the acceptance period for a further month to March 18. According to a report from Gambling Insider, the Isle of Man-based firm is already responsible for a plethora of iGaming brands ...

Entain in talks to purchase a slice of Tabcorp Holdings Limited

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Fresh from rebuffing a $11.1 billion takeover offer from MGM Resorts International and prominent land-based and online sportsbook operator Entain is now reportedly attempting to buy a significant portion of Australian sportsbetting giant Tabcorp Holdings Limited for an undisclosed amount. According to a report from the Bloomberg news service, the London-listed firm behind the ...

MGM Resorts International abandons Entain takeover pursuit

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American casino operator MGM Resorts International has reportedly announced that its campaign to acquire Entain has come to an end after investors in the prominent iGaming and sportsbook firm rejected its latest takeover offer. According to a Tuesday report from the Bloomberg news service, the Las Vegas-headquartered firm behind venues including the Borgata Hotel ...

Entain facing resistance to proposed Enlabs AB acquisition

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Prominent iGaming and sportsbook operator Entain is reportedly facing shareholder resistance to its proposed £250 million ($340.3 million) plan to purchase Baltic-facing competitor Enlabs AB. According to a Monday report from SBCNews, the Isle of Man-based firm is already responsible for a plethora of iGaming brands including Bwin, Ladbrokes, PartyPoker and SportingBet while partnering ...

Shay Segev leaving Entain amid MGM Resorts International takeover offer

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Prominent iGaming and sportsbook operator Entain has reportedly announced that its Chief Executive Officer, Shay Segev (pictured), has decided to stand down after less than seven months in charge. According to a report from the Reuters news service, the revelation follows last week’s rejection by shareholders in the company previously known as GVC Holdings ...

Entain purchase could hurt MGM Resorts International’s Japan plans

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American casino behemoth MGM Resorts International could reportedly seriously damage its chances of being able to enter the Japanese market by moving ahead with its attempt to purchase prominent iGaming and sportsbook operator Entain. According to a report from Inside Asian Gaming, this is the opinion of international brokerage Sanford C Bernstein Limited owing ...

Entain shareholders reject latest MGM Resorts International takeover offer

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Shareholders for prominent iGaming and sportsbook operator Entain have reportedly rebuffed a takeover offer from American casino behemoth MGM Resorts International rumored to be worth in the region of $11.1 billion. According to a report from the Bloomberg news service, the investors snubbed the all-share deal even though it represented a 22% premium when ...

Verizon Media inks ground-breaking Entain virtual reality partnership

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The Verizon Media subsidiary of American telecommunications conglomerate Verizon Communications Incorporated has announced the signing of a deal to develop innovative virtual reality experiences in partnership with prominent iGaming and sportsbook operator Entain. The New York-headquartered firm behind the Yahoo! and AOL online brands used an official press release to declare that the arrangement ...

GVC to be renamed Entain to reflect lofty ambition of group

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British sports betting and gambling company GVC Holdings PLC (LSE:GVC) has announced it will be renamed Entain plc. The move, which is subject to shareholder approval, reflects the Isle of Man-based group’s ambition to be “the world-leader in sports betting and gaming entertainment.” The London-listed firm has announced several major changes to its future ...