Entain has begun a consultation process that could lead to the loss of approximately 400 customer care positions across its global operations, as the gambling group seeks to manage the impact of rising tax costs in the United Kingdom and prepare for potential further increases. The company, which owns Ladbrokes, Coral and Sportingbet, said the proposed reductions would affect around one-fifth of its 2,000 customer care roles spread across 11 countries. The review includes employees in the UK, Austria, Bulgaria, […]

The post Entain Plans 400 Job Cuts Amid UK Tax Pressure Risks appeared first on World Casino News.

As the UK government moves closer to deciding whether to prohibit sponsorship agreements with gambling firms that lack a British license, a growing number of Premier League clubs could find themselves exposed to significant commercial disruption. The issue has intensified following the conclusion of a government consultation examining whether sports teams should be allowed to maintain relationships with betting operators that are not authorized to operate in the UK. According to recent analysis published by The Guardian, 10 of the […]

The post Premier League Clubs Face Uncertainty Over Gambling Deals appeared first on World Casino News.

Less than a week after hitting the online sportsbetting exchange at Smarkets.com with a six-figure fine and the United Kingdom’s Gambling Commission regulator has now reportedly ordered Entain to pay a penalty of £17 million ($20.4 million). According to a report from the Financial Times newspaper, the record-setting punishment for the owner of the Ladbrokes and Coral chains of retail sportsbetting outlets comes after an official investigation uncovered a series of social responsibility and anti-money laundering failures linked to the […]

The post Entain hit with record-setting Gambling Commission fine appeared first on World Casino News.

American gaming machines behemoth Scientific Games Corporation has announced that its new Light & Wonder arm has successfully completed a pair of debt refinancing transactions to reduce its aggregated arrears by some $4.8 billion. The Las Vegas-headquartered parent used an official Thursday press release (pdf) to detail that the subordinate in charge of all of its gaming and iGaming activities now holds outstanding debts of approximately $4 billion after completing the sale of its lottery business to a subordinate of […]

The post Light & Wonder completes successful debt refinancing exercises appeared first on World Casino News.

British land-based and online sportsbook behemoth Entain has reportedly started negotiations on a deal that could see it acquire Eastern European casino operator Olympic Entertainment Group for approximately $1 billion. According to a Friday report from the Bloomberg news service, the London-listed firm is currently discussing a cash and earn-out arrangement that would see it immediately purchase the online and land-based businesses of Olympic Entertainment Group in Croatia and Lithuania. The source detailed that such an understanding could also include […]

The post Entain looking to purchase Olympic Entertainment Group appeared first on World Casino News.

American online sportsbook operator DraftKings Incorporated has reportedly cancelled the cash-and-stock offer worth $20 billion that was to have seen it purchase London-listed iGaming and sportsbetting behemoth Entain. According to a report from The Wall Street Journal newspaper, the Boston-headquartered firm lodged its initial takeover proposition in September and later agreed to extend the stalled talks in hopes of being able to finalize a deal in advance of a definitive November 16 deadline. However, the company purportedly detailed that it […]

The post DraftKings Incorporated abandons $20 billion Entain takeover proposition appeared first on World Casino News.

British land-based and online sportsbook operator Entain has reportedly chalked up an increase of 4% year-on-year in third-quarter net revenues despite experiencing a comparative slowdown in online receipts. According to a report from the Financial Times newspaper, the London-listed behemoth responsible for a slew of online casino and sportsbetting domains including Ladbrokes.com, Bwin.com, Coral.co.uk and Sportingbet.com saw its iGaming revenues for the three months to the end of September rise by over 10% year-on-year. The source detailed that this represented […]

The post Entain experiences third-quarter slowdown in online revenue growth appeared first on World Casino News.

British land-based and online sportsbook operator Entain has announced the launch of a program that is to see it digitize its retail businesses in the United Kingdom and Italy so as to enhance the omni-channel experience for its customers. The London-listed firm used an official Wednesday press release to pronounce that the move will involve its Ladbrokes and Coral-branded locations in the United Kingdom ‘being converted into digital hubs’ featuring the newest gaming machines as well as interactive displays. The […]

The post Entain embarks on retail sportsbook digitization campaign appeared first on World Casino News.

American online sportsbook operator DraftKings Incorporated has reportedly tabled a cash-and-stock offer worth $20 billion that would see it purchase London-listed iGaming and sportsbetting behemoth Entain. According to a Tuesday report from the online news domain at CNBC.com, news of the proposal immediately pushed the individual value of shares in Entain up by approximately 18% to give the Isle of Man-based enterprise an aggregate valuation of around $18 billion with its potential new parent’s associated appraisal dropping by 7.4%. Important […]

The post DraftKings Incorporated tables $20 billion Entain takeover proposal appeared first on World Casino News.

In the United Kingdom and prominent land-based and online sportsbook operator Entain has reportedly inked a deal that is to see it acquire American eSports betting provider Unikrn Incorporated. According to a Thursday report from the Financial Times newspaper, the London-listed firm revealed that the purchase will cost it around £50 million ($69.1 million), which is to include expenses associated with further developing the acquisition’s eSports platform so as to be better able to exploit a market widely considered to […]

The post Entain entering eSports betting market via purchase of Unikrn Incorporated appeared first on World Casino News.