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2 February 2021
Entain plc
(“Entain” or the “Group”)
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Statement in response to press speculation in Australia
Entain plc (LSE: ENT), the global sports-betting and gaming group, notes the recent press speculation regarding a possible transaction involving Tabcorp Holdings Limited (‘Tabcorp’) in Australia and confirms that it has made a non-binding indicative offer to acquire its Wagering and Media business.
Whilst discussions are at an early stage, any transaction would be in-line with Entain’s current M&A strategy of expanding across regulated international markets. As such, this would present an opportunity to acquire an attractive business which, if combined with Entain’s existing Australian business, would create a leading, integrated multi-channel and multi-brand wagering company.
Enquiries:
Investor Relations | |
David Lloyd-Seed, Director of Investor Relations & External Communications | investors@entaingroup.com |
Jennifer Spencer, Investor Relations Manager | |
Media | Tessa.curtis@entaingroup.com |
Powerscourt | |
Rory Godson / Rob Greening | Tel: +44 (0) 20 7250 1446 |
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation EU 596/2016.
LEI: 213800GNI3K45LQR8L28
Information on Entain
Entain plc (LSE: Entain) is a FTSE100 company and is one of the world’s largest sports-betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds and Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker and PartyCasino. The Group owns proprietary technology across all of its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis. The Group has also entered into a joint-venture with MGMRI to capitalise on the sports-betting and gaming opportunity in the US. The Group is tax resident in the UK with licenses in more than 20 countries, across five continents.
For more information see the Group’s website: www.entaingroup.com
Important information
This announcement is not intended to and does not constitute an offer to buy or the solicitation of an offer to subscribe for or sell or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction. The release, publication or distribution of this announcement in whole or in part, directly or indirectly, in, into or from certain jurisdictions may be restricted by law and therefore persons in such jurisdictions should inform themselves about and observe such restrictions.
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This document contains certain statements that are forward-looking statements. They appear in a number of places throughout this document and include statements regarding our intentions, beliefs or current expectations and those of our officers, directors and employees concerning, amongst other things, results of our operations, financial condition, liquidity, prospects, growth, strategies and the business we operate. These forward-looking statements include all matters that are not historical facts. By their nature, these statements involve risks and uncertainties since future events and circumstances can cause results and developments to differ materially from those anticipated. Any such forward-looking statements reflect knowledge and information available at the date of preparation of this document. Other than in accordance with its legal or regulatory obligations (including under the Market Abuse Regulation (596/2014), the Listing Rules, the Disclosure Guidance and Transparency Rules and the Prospectus Rules), the Company undertakes no obligation to update or revise any such forward-looking statements. Nothing in this document should be construed as a profit forecast. The Company and its directors accept no liability to third parties in respect of this document save as would arise under English law.
GVC Holdings PLC (LSE: GVC) is one of the world’s largest sports-betting and gaming groups, operating both online and in the retail sector. Tax resident in the UK, with licenses in more than 20 countries, the Group employs a workforce of more than 24,000, in 20 offices across five continents.
The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds International and Sportingbet; Games Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker and PartyCasino. The Group owns proprietary technology across all of its core product verticals and in addition to its B2C operations provides services to third-party customers on a B2B basis.
2 February 2021. Entain plc (“Entain” or the “Group”) Statement in response to press speculation in Australia. Entain plc (LSE: ENT), the global sports-betting and gaming group, notes the recent press speculation regarding a possible transaction involving Tabcorp Holdings Limited (‘Tabcorp’) in Australia and confirms that it has made a non-binding indicative offer to acquire its. Its Online segment comprises betting and gaming activities from online and mobile operations. Its sports brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes and Sportingbet; and gaming brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker and PartyCasino.
In the US the Group operates BetMGM, a joint-venture with MGM Resorts, created to capitalise on the opportunities presented by the regulation of sports betting and gaming.
Through a combination of organic growth and M&A, the Group has expanded rapidly in recent years to become one of the world’s largest listed sports betting and gaming groups. On 28 March 2018 GVC completed the acquisition of Ladbrokes Coral Group PLC, the Group’s first move into retail operations. This came two years after the acquisition of the international online operator, bwin.party digital entertainment plc, in 2016.
GVC is a member of FTSE4Good and the DJSI, ESG indices which identify companies that meet globally recognised corporate responsibility standards.
Key facts
Corporate
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- Member of the FTSE 100
- Licenced in more than 20 jurisdictions
- Offices in 18 territories across five continents
- >24,000 full time employees and fixed-term contractors
- Our brands have a combined heritage of over 250 years
- Member of FTSE4Good and DJSI ESG indices.
Financial
In the 2019 financial year, on a proforma basis, GVC:
- Generated £3.7bn of NGR and £761m of underlying EBITDA (post IFRS 16)
- Underlying operating profit of £520m (post IFRS 16)
- Processed £11.2bn of sports wagers
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Technology
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- Full integrated proprietary tech platform
- Full product suite
- Integrated retail and omni-channel solution
- Growth ready – extremely scalable
- Highly stable and secure with 99.93% service availability
- 2,000+ IT staff
Customer
- More than 20 major established B2C gaming brands
- The UK’s leading high street bookmaker with >3,000 betting shops under the Ladbrokes and Coral brands
- Over 1,000 games offered online
- Bets accepted in 33 languages, and 42 currencies