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.

Entain Plc (OTCPK:GMVHF) Q4 2022 Results Conference Call March 9, 2023 4:00 AM ET Company Participants Jette Nygaard-Andersen - CEO Barry Gibson - Chairman Rob Wood - CFO and Deputy CEO David Lloyd-Seed - Chief IR & Communications Officer Conference Call Participants Ed Young - Morgan Stanley Kiranjot Grewal - Bank of America Joe Thomas - HSBC James Rowland Clark - Barclays Ivor Jones - Peel Hunt Louise Wiseur - UBS Jette Nygaard-Andersen Good morning, and thank you for joining us today for our full year results presentation. I'll start with a brief overview, touching on the headlines for the year.

Entain Plc (GMVHF) Q4 2022 Earnings Call Transcript

adidas AG

Diageo

Entain PLC (LSE:ENT) is still a takeover target, the new adidas AG (OTCQX:ADDYY) boss is finding City support and ITV PLC (LSE:ITV) is a ‘buy' – these are just some of the analyst calls found in Thursday's broker spotlight:

Entain, Diageo, Fevertree, Adidas and ITV are all in Thursday's broker spotlight

Ladbrokes owner Entain PLC (LSE:ENT) could still be in the sights of US partner MGM Resorts International (NSX:MGM), according to industry experts. The FTSE 100-listed bookmaker published results on Thursday that hit the top end of guidance, which disappointed markets and led to the shares falling almost 4% by lunchtime.

Entain still in MGM sights but will depend on UK gambling white paper - analysts

Entain PLC (LSE:ENT) reported on Thursday profits at the top end of expectations as growth in its retail operations offset a slowdown in online earnings. The owner of Ladbrokes and Coral said underlying earnings before interest, taxation, depreciation and amortisation rose 13% to £993mln in the 12 months to December 31 from £881.7mln a year before at the top end of upgraded guidance given in February.

Entain profits hit top end of guidance as growth in retail offsets online decline

Aviva PLC

Following its life insurance rival earlier in the week, results from Aviva PLC (LSE:AV.) will see the spotlight again on shareholder returns as well as other things management might spend the company's spare cash on.

Aviva continues insurance week, whilst Ladbrokes owner Entain reports, Thursday's agenda

Entain PLC (LSE:ENT), the sports betting firm that owns Ladbrokes and Coral, has a strong route to the American betting market with its BetMGM joint venture, but the path to profits is likely to be one of the main issues when it reports results on Thursday 9 March. Having already revealed its headline numbers, investors will be keeping an eye on what's new, including how its plans to make the US sportsbook profitable and how the American market is reacting to the product.

How can Ladbrokes owner Entain transform US arm into a prize winner?

Entain PLC (LSE:ENT) shares tumbled after the boss of MGM ruled out a bid for the owner of Ladbrokes and Gala Bingo. The FTSE 100-listed gambling group and MGM Resorts International (NSX:MGM) currently are in partnership, operating a US joint venture BetMGM.

Entain shares tumble after MGM rules out takeover

Shares of Entain plc tumbled as much as 13% on Thursday after U.S-based MGM Resorts International said it had "moved on" from pursuing an offer for the British gambling firm.

Entain's shares tumble as MGM scraps buyout plan

Entain PLC (LSE:ENT) (Entain PLC (LSE:ENT)) raised guidance following positive results driven by the World Cup, a trading update revealed, but its hardiness could be marred by the UK government's gambling review. “Historically, gambling has been resilient in recessions,” said Ivor Jones, an analyst at Peel Hunt.

Entain remains resilient to economic pressures despite gambling review looming

Strong end to 2022 prompts the FTSE 100 gambling giant to upgrade its full-year estimates.

FTSE 100 Shares: Entain Shares Rise Following Boost To Earnings Forecasts

Entain PLC (LSE:ENT) has predicted full-year profits will be ahead of expectations boosted by the World Cup which helped drive 11% growth in net gaming revenues (NGR) in the fourth quarter. The owner of Coral and Ladbrokes now expects full-year group EBITDA between £985mln to £995mln, well ahead of the £925mln to £975mln range given in October.

Entain raises guidance as World Cup draws in punters

GlaxoSmithKline

Vodafone Group

Kicking off the new month are a trio of intriguing London blue-chips, with the US Fed decision to grab all the headlines later. In London, heavyweight pharma contender GSK PLC (LSE:GSK, NYSE:GSK), which has done well enough since the Haleon consumer products arm was spun out last summer, but investors will feel the shares could do with another shot in the arm.

GSK, Vodafone and Entain all updating, Wednesday's agenda

Fourth-quarter numbers from Entain PLC (LSE:ENT) on Wednesday, 1 February, should deliver good news if its BetMGM joint venture update is anything to go by, but not necessarily if results from rival William Hill were the guide. Entain, which owns Ladbrokes, Gala Bingo, Sportingbet among its many gambling brands, this past week said its joint venture with US firm MGM Resorts saw revenues rise strongly in 2022.

Entain's quarterly results to shine floodlight on World Cup earnings

MGM Resorts

Entain PLC (LSE:ENT) has revealed that BetMGM, its 50/50-owned joint venture with MGM Resorts International, saw revenue rise strongly in 2022, as the company targets positive earning for 2023. The FTSE 100-listed betting group said BetMGM net revenue was US$1.44bn in 2022, up 69% from about US$850mln in 2021, and ahead of its prior guidance of US$1.3 billion.

Entain says BetMGM, its 50/50-owned joint venture with MGM Resorts International, saw revenue rise strongly in 2022

The British company Entain operates in the sports betting sector. Its business unit BetMGM (which is 50% owned by MGM) has a large 25% market share in North America. MGM has made a second attempt to acquire Entain.

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