Connect with us

Latest News

Entain expands global regulated markets by 30%

Published

on

Entain expands global regulated markets by 30%
Entain expands global regulated markets by 30%Reading Time: < 1 minute

 

Entain, the leading global sports betting and gaming entertainment group, has announced the completion of the acquisitions of two European operators, Bet.pt and Enlabs AB.

The latest acquisitions take Entain into four new regulated European markets and provide a springboard to enter further markets intending to regulate for sports betting and gaming. This time last year Entain had operations in 21 fully regulated markets, later adding Germany and Colombia. That total has risen to 27 following the latest acquisitions.

Looking ahead, the Group expects to increase further the number of regulated markets in which it operates through a combination of positive regulatory developments in certain jurisdictions, like Canada, and expansion into new countries in regions including Latin America and Central and Eastern Europe.

“These new acquisitions are in line with our strategy to expand into new locally regulated markets. We are committed to operating only in countries which are either already fully regulated or in the process of regulating and will continue to look for opportunities to expand our business internationally,” Rob Wood, CFO & Deputy Chief Executive of Entain, said.

“Portugal and the Baltic region represent highly attractive, locally regulated and fast-growing gaming markets. Both these acquisitions further deliver on our growth strategy of expanding across fast-growing international markets,” Rob Wood added.

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Continue Reading
Advertisement

European Gaming Virtual Quarterly Meetups
Click to comment

Notice: Undefined variable: user_ID in /home/eegaming/public_html/wp-content/themes/zox-news/comments.php on line 49

You must be logged in to post a comment Login

Latest News

Sisal Enters Race for Fourth UK National Lottery Licence

Published

on

Sisal Enters Race for Fourth UK National Lottery Licence
Sisal Enters Race for Fourth UK National Lottery LicenceReading Time: < 1 minute

 

Italian gambling operator Sisal, which runs the country’s most popular lottery, has joined the race for the next UK National Lottery licence. Sisal’s bid is being backed by the investment firm CVC Capital Partners.

Sisal is one of Italy’s largest gambling operators. It runs both land-based gaming and betting establishments and online facilities. The company’s products include poker, slots games, wagering and bingo, among others. As mentioned above, it also runs one of its home country’s largest and most popular lotteries, SuperEnalotto.

Continue Reading

Latest News

UK Ministers to Launch Investigation into Collapse of Football Index

Published

on

UK Ministers to Launch Investigation into Collapse of Football Index
UK Ministers to Launch Investigation into Collapse of Football IndexReading Time: < 1 minute

 

The UK Ministers are planning to launch an investigation into the collapse of the football player trading exchange company Football Index. Legislators are deeply concerned by the collapse of the operator, after users lost over £100 million following its crash into insolvency.

“This case further reinforces the need for our comprehensive review of gambling laws,” a government source told.

“This independent investigation into Football Index will feed into that work and if we need to make changes to regulation to protect people, we will.”

After making the decision to cut dividends on players from 14p to 3p, the Jersey-based company suffered a player and investor exodus, with some customers losing tens of thousands, and many scrambling to sell their shares and leave the site, prompting a crash.

The firm’s operating licence was subsequently suspended by the UK Gambling Commission (UKGC), whilst standards body the Betting and Gaming Council (BGC) also suspended its membership.

Continue Reading

Latest News

Betting Shops are Now Open in England and Wales

Published

on

Betting Shops are Now Open in England and Wales
Betting Shops are Now Open in England and WalesReading Time: < 1 minute

 

Betting shops in England and Wales reopened yesterday for the first time in 2021 amid the latest easing of Covid-19 restrictions in each country.

Various measures will remain in place in betting shops, with the number of customers allowed inside at any one time dependent on the size of the shop, with that number capped at eight. There will also be a limit on the time that customers can stay in the shop, while there will be no chairs, no live sports pictures and a maximum of two gaming machines in operation. Furthermore, customers will be limited to a maximum of two visits per day, with shops forced to close at 8 pm.

UK Prime Minister Boris Johnson said: “I’m sure it will be a huge relief for those business owners who have been closed for so long, and for everyone else it’s a chance to get back to doing some of the things we love and have missed.

“I urge everyone to continue to behave responsibly and remember ‘hands, face, space and fresh air’ to suppress Covid as we push on with our vaccination programme.”

Continue Reading

Trending

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.