Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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What? £25 per share bid? Yes please, thank you.😂😂
ENTAIN results 10th August, I'm expecting a positive update, if it is then the SP should move up. Regards bid of £25 I expect some large shareholders would say yes please. GLTA
If I remember right Draftkings tried to get them
But only for share only deal that was rejected
MGM have said that the problem is Entain don’t want to be bought
This time the deal might be too good to refuse??
Wasn't there a bid for $27 a while back before BetMgm business gained real traction that was rejected?
That is a boom 💥 set of numbers from MGM
50% of it being Entains !!
Makes them a sitting duck for the final takeover
MGM will have to bust the bank for takeover
I think they will this time for 25 bucks a share boom 💥
Entain owns a 50% stake in the sports betting and iGaming operator BetMGM. This performance directly impacts Entain's financial results and overall business prospects.
The positive update from BetMGM, which includes net revenue from operations of $944 million in the first half of 2023 and positive EBITDA for the full second quarter of 2023, Indicateing that BetMGM is making progress towards profitability and is experiencing strong growth in its operations.
August should be a good month here.
Notice of BetMGM H1 2023 update
BetMGM LLC ("BetMGM"), one of the leading sports betting and iGaming operators across the U.S., jointly owned by Entain plc (LSE: ENT) ("Entain") and MGM Resorts International (NYSE: MGM) ("MGM Resorts") will release an update on BetMGM's H1 2023 performance at 1.30 pm UK (8.30am EST) on Wednesday 26th July 2023.
Welcome, good for you to be in the black day 1, long may it continue.
Have been watching this for sometime. Finally bought my first position today, very undervalued growth stock. Perfect stock to hold in difficult times like this when people are looking for quick ways to "de-stress"
I did just that, topped up at 1185.
This company is well run and will be a winner as this market consolidates into larger and larger players over time.
GLA
Over 10% down already! Cheaper to buy today without any lock in period.
Hi Strudel, lucky you missed it, cheaper to buy this morning!
£12.30 price, with a 90 day lock-in period.....
Who feels as if they are not on a level playing field?
You mean "been & gone"
Tuesday RNS at 5.03pm
My broker email arrived 5.46pm
Offer closed at 6.30pm (or possibly before depending on the uptake)
.....how to ensure the Private Investor is ignored.
Should we be grateful it wasn't done on a Friday?
Entain to buy Polish betting operator STS Holdings for $946m in association with EMMA Capital.
Equity placing & possible public offer coming up.
Ace Of Clubs
RNS: 15 May
Entain plc (LSE: ENT), the global sports betting, gaming and interactive entertainment group, announces that, after 18 years with the Group, Robert Hoskin is stepping down as Chief Governance Officer. He will leave the Board on June 30 and remain in role with the Group until 31 August 2023.
Robert has been with the Group since 2005, originally serving as Company Secretary and Group Director of Legal, Regulatory and Secretariat, before being promoted to his current role in October 2020, and joining the Board in 2021. The Group has taken the decision to restructure certain responsibilities, in particular Regulatory Affairs given the strategic importance of regulation and our focus exclusively on regulated or regulating markets.
With the never ending series of "compliance" or rather "non-compliance" issues regularly arising Robert Hoskin should have been dispensed with years ago - not up to the job. The whole of the Compliance Board Committee are culpable. The giveaway of Entain's Turkish operations to a Maltese entity had a stench to it at the time. Entain is gaining for itself an unenviable reputation and only the BetMGM connection is keeping the share price afloat.
Better management needed if this company is to fulfil its potential.
AceOfClubs
In my post below, in referring to cigarettes, I used a slang word, in use for over a century. I'm aware it's also used, more recently, in the USA as an insult to men of the ****sexual persuasion, but I never imagined that it's barred in the UK. Is this because I'm closer to 80 than 70, and am I in danger of joining the marvellous Ms. Rowling and getting pilloried by the wokerati? I do hope not. Happy Days!
Lucy Frazer, the umpty-third Culture Secretary in charge of the review of the 2005 Act, has written a very calm and measured article for The Times today. Despite this, my favourite rag leads the front page with an incendiary and totally untrue headline; "Game is up for gambling firm exploiting the weak, vows minister."
Lucy herself, buried on Page 8, writes: "That's why the government is committed to an overhaul of the rules with an approach centred on balance: to protect the most vulnerable, but not get in the way of the majority of people who want to have a flutter. We live in a freedom loving democracy where, for the overwhelming majority of adults, betting is a bit of fun."
Stand by for the tsunami of pre-prepared sob stories, from minority special interest groups, about children being sold into slavery, because Dad's blown his pay-packet down the dogs. All of which is very sad, but addiction surrounds all human activities, including work; we don't close the pubs to everyone who enjoys a pint because of alcohol abuse by a tiny minority. Bats and Imps still sell ***s to those who enjoy a smoke and are willing to take a chance of not developing lung cancer. It's called freedom and being treated like adults.
The idea is being floated that the bookies will have to investigate any punter who loses £1,000 in a day, or £2,000 in 90 days, which seems very sensible, because unless you're earning over £100,000 a year, that's significant cash.
Meanwhile, the fact that ENT and FLTR are both down less than 1.5% today after significant run-ups in the last three months, would indicate that all the brouhaha in recent years will soon be behind us. Praise the Lord and pass the ammunition!
Decent stake disclosed by global fund manager who, I assume, see value at these levels
Excellent results - NGR incl. BetMGM +22% and positive progress across the business - still a few areas such as Germany disappointing - but out of ENT's ability to influence.
365scores - the purchase rationale - adding content - good conversion to real-money gambling and positioning at the top of the hopper - top 5 App globally.
BetMGM - on track for profitability in H2- market share target 20-25% remains. Presumably, on the Sports Betting this target will come back into focus once the competitors dial-down the promotional bonanza - which at some point they must.
Brazil - moving forward with regulation - 15% betting tax on the cards plus Corp Tax. ENT in leading position and looking to establish the same in the regulated market. There was previously Analyst concern that if Brazil didn't move forward with regulation - ENT may have to withdraw.
Whitepaper - not concerned about a material impact.
Australia - despite new market entrant ENT believe that they are taking market share in a very competitive market.
So, a few pinch points but overall a very strong performance.
Very long term.