Entain PLC

Entain Plc engages in the provision of online sports betting and gaming. It operates through the following business segments: Online, UK Retail, European Retail, Corporate, and Other. The Other segment comprises betting and gaming activities from online and mobile operations, Sports Brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes and Sportingbet; Gaming Brands include Casino Club, Foxy Bingo, Gala, Gioco Digitale, partypoker and PartyCasino. The UK Retail segment comprises betting activities in the shop estate in Great Britain, Northern Ireland and Jersey. The European Retail segment comprises all retail activities connected with the Republic of Ireland, Belgium, Italy and Spain (JV) shop estates. The Corporate segment includes costs associated with Group functions including Group executive, legal, Group finance, tax and treasury. The Other segment includes activities primarily related to telephone betting, Stadia, Betdaq, on course pitches and Intertrader. The company was founded on November 30, 2004 and is headquartered in Douglas, the United Kingdom.

Australia's anti-money laundering (AML) and counter-terrorist financing (CTF) regulator has commenced civil proceedings against UK gambling giant Entain PLC (LSE:ENT). The Australian Transaction Reports and Analysis Centre (AUSTRAC) is accusing the Ladbrokes and BetMGM owner of “systemic failures” in its approach to regulatory compliance.

Ladbrokes owner Entain facing counter-terrorism financing charges in Australia

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Shares in bookmakers galloped higher after the UK Budget, led by Ladbrokes and Coral owner Entain PLC (LSE:ENT), which rose over 8%, and William Hill owner Evoke PLC, rising 12%. Paddy Power and Betfair owner Flutter Entertainment PLC (LSE:FLTR) also rose 6%.

Ladbrokes and William Hill owners Entain and Evoke jump on Budget relief

Entain Plc (OTCPK:GMVHF) Q3 2024 Earnings Conference Call October 17, 2024 4:00 AM ET Company Participants Davina Hobbs - Director of Investor Relations Gavin Isaacs - Chief Executive Officer Rob Wood - Chief Financial Officer & Deputy Chief Executive Officer Conference Call Participants Ed Young - Morgan Stanley Monique Pollard - Citigroup Estelle Weingrod - JPMorgan David Brohan - Goodbody Joe Thomas - HSBC Jack Cummings - Berenberg Benjamin Shelley - UBS Investment Bank Simon Davies - Deutsche Bank James Rowland Clark - Barclays Operator Good morning and welcome to Entain's Q3 Trading Update Call. Today's call is for analysts and investors.

Entain Plc (GMVHF) Q3 2024 Earnings Call Transcript

Betting giant Entain PLC (LSE:ENT)'s strategy to crack the US market is delivering the goods, reckon analysts following today's third-quarter trading update. Richard Hunter, head of markets at interactive investor, stated: “Entain's gamble to conquer overseas markets in addition to its core UK offering is showing signs of paying off, with potentially the largest target of all exhibiting particular promise.

Some of Ladbrokes ower Entain's gambles are paying off - analysts

Ladbrokes owner Entain raised its full-year guidance and reported third-quarter results that exceeded its own expectations, helped by growth in the U.S.

Entain Raises Full-Year Guidance After Results Exceed Expectations

Gambling heavyweight Entain PLC (LSE:ENT) has increased its full-year guidance after reporting stronger-than-expected results for the third quarter. The Ladbrokes and BetMGM owner's net gaming revenue (NGR) rose by 8% on a reported basis and by 10% in constant currency, supported by growth across all key markets.

Ladbrokes owner Entain ups guidance in encouraging start for new chief executive

Shares in Evoke, Entain, Flutter Entertainment and Rank Group tumbled on the back of the reports, which suggest that the U.K. government is aiming to raise up to $3.9 billion from the sector.

U.K. Gambling Stocks Fall on Reports of New Industry Taxes

Shares in listed bookmakers Entain PLC (LSE:ENT), Flutter Entertainment PLC (LSE:FLTR) and Evoke PLC (LSE:EVOK) tumbled on the back of news that the UK government might target the sector in this month's Budget.  HM Treasury could hit the gambling industry with a £3 billion tax raid, it was reported at the weekend, as Rachel Reeves looks for ways to help fill the £22 billion 'black hole' in the public finances.

Bookmakers Entain, Flutter, Evoke and Rank tumble on new gambling tax reports

Entain PLC (LSE:ENT)  recently received a target price hike to 780p from 680p from UBS ahead of its third quarter numbers on 17 October. The Swiss bank expects 4.8% pro forma organic revenue growth online and an underlying acceleration from the previous three months.

Entain update might be clouded by Budget, suggests UBS

Drawing on its cricket puns, Shore Capital has identified three leisure stocks that could hit a century in the near future. All can “Raise the bat'”, the broker suggests, “Be it £100 million of operating profit (Rank and C&C) or 100p of EPS (Entain).

Entain, Rank, C&C can 'raise the bat' and rerate, suggests broker

British gambling group Entain said on Monday online revenue growth was running ahead of its expectations so far in the second half of its financial year, helped by betting on popular sports events.

Ladbrokes owner Entain's second half kicks off better than expected

Ladbrokes and Foxy Bingo owner Entain PLC (LSE:ENT) said online net gaming momentum has continued ahead of expectations in the third quarter. The FTSE 100-listed bookmaker also reported that year-on-year growth had returned to the online business in UK and Ireland, earlier than expected, across both gaming and sports betting, with its international divisions also said to have maintained positive trading.

Ladbrokes owner Entain says UK has returned to growth quicker than expected

Entain Plc faces regulatory pressures in the UK, impacting revenues and EBITDA, but sees strong growth in Brazil and other international markets. Despite slowed growth, BetMGM's potential and upcoming state legalization in the US offer promising prospects, though losses continue due to scaling investments. Entain's valuation is attractive, trading below industry multiples, with significant potential from BetMGM and cost savings from Project Romer.

Entain: Declines Should Be Bottoming

Ladbrokes and BetMGM owner Entain plc's interims showed a “surprisingly early return to net gaming revenue growth”, said analysts at broker Shore Capital Markets. Shore Cap highlighted that online revenues returned to growth in the second quarter, exceeding earlier forecasts.

Entain's ‘surprisingly early return' to growth applauded by City analysts

Ladbrokes owner Entain PLC (LSE:ENT) tallied up a £55.7 million operating loss in its BetMGM US-based joint venture in the first half, extending the previous year's interim losses by £7.2 million. Entain has signposted 2024 as a year of investment in capturing market share in the US via BetMGM.

Entain's US venture BetMGM struggles to gain market share

Investors of Ladbrokes owner Entain PLC (LSE:ENT) will be hoping that its interims bring a better reaction than its update for BetMGM did on Monday. Shares in the betting group have dropped more than 11% since it revealed its US sportsbook would continue to be loss-making throughout the year despite increased investment.

Entain results to come as US business drives share slump

BetMGM, the US-based sports betting and gaming joint venture between Ladbrokes-owner Entain PLC (LSE:ENT) and MGM Resorts International (NYSE:MGM), brought in $1 billion worth of revenues in the first half of 2024, representing a 6% year-over-year increase. FTSE 100-listed Entain has increased its North American footprint considerably through the BetMGM venture, having captured 22% of the iGaming market share.

Ladbrokes-owner Entain ramps up marketing spend in US

Ladbrokes owner Entain PLC (LSE:ENT) has appointed Gavin Isaacs as the betting group's new chief executive, to take the helm on 2 September in place of placeholder chief executive Stella David. Isaacs is a stalwart of the gaming industry, having held roles at lottery business Scientific Games Corporation, DraftKings and Australian gambling machine maker Aristocrat Technologies, among others.

Ladbrokes owner Entain announces new chief executive

Global sports betting and gaming group Entain said on Monday Gavin Isaacs will take over as chief executive officer effective Sept. 2.

Entain names Gavin Isaacs as CEO

J Sainsbury PLC

Shares in Ladbrokes owner Entain PLC (LSE:ENT) and J Sainsbury PLC (LSE:SBRY) are higher in end-of-day exchanges. Could it be football fever?

Entain, Sainsbury's catch football fever as England faces Netherlands in Euro semis

Coral and Ladbrokes owner Entain PLC (LSE:ENT) could see its investors seek more than £100 million in compensation due to the corruption and bribery issues surrounding its former Turkish business.  Fox Williams, the law firm, said it was readying to launch a large group litigation claim against the betting group for its "failure to report honestly" on the issues.

Entain at risk of £100 million lawsuit over Turkish bribery case

Ladbrokes owner Entain PLC (LSE:ENT) has reported a fall in UK and Irish revenues over the first quarter on the back of tougher gambling restrictions. UK online net gaming revenue slipped 9% while retail revenue fell 6% over the three months to March, Entain reported on Wednesday.

Ladbrokes owner says revenues hit by betting regulations

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In what has been a tricky week already for the Footise, another dose of inflation news is probably not what it needs. But that's what it's got and investors will hope there is enough encouragement in tomorrow's number for the BoE at least to consider a cut to interest rates soon.

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If you think about it, many of today's high-flying stocks were once ignored by the Street. Nvidia (NASDAQ: NVDA ) was a struggling video-game chip maker, Amazon (NASDAQ: AMZN ) was a fledgling online book seller and Apple (NASDAQ: AAPL ) was a formerly successful PC maker, fighting to stay in business.

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