Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Ian King programme says we have gained some new licences in Germany.
I was married to a female GM for over 20 years. I think ****nal 58 might well be correct. Not averse to 20 in at about 5. Qudrple results in these conditions Yee Has
It’s endemic in the gaming industry Bruce
I am back in at 10.90
They will get taken out at 20 pound or so before the full numbers !!
Because the numbers are going too be exceptional
IMO GL Bruce
Constantly in trouble over breaches of rules including money laundering. Read it up if new to you
Bruce
What do you mean security is weak ???
The stats page will shows the yield as NIL. Should be corrected by now. This share is cheap pity their security is weak.
Reuters: Australia's Queensland state declared casino operator Star Entertainment Ltd unsuitable for a gambling licence on Thursday after an inquiry found it concealed illegal Chinese wagering payments and lured problem gamblers from interstate.
The ruling completes a regulatory sweep of Australia's casino sector. Since 2021, both Star and larger rival Crown Resorts, recently bought by Blackstone Inc, have been deemed unfit for a gambling licence in every state in which they operate, although neither company has so far been prohibited from operating in any jurisdiction.
It looks like the Australian authorities are wanting to appear tough on regulatory non-compliance. I do hope ENTAIN management is paying at least some attention.
AceofClubs
Mine showing today in my First Direct ISA.
Is anyone still waiting for their dividends? I hold in an ISA through Fineco but haven't yet received the dividends which were due last week.
and reuters has additionally "AUSTRAC had conducted a standard assessment of the company's Australian business' historical Anti-Money Laundering and Counter-Terrorism Financing policies and procedures between July 2016 and June 2020, Entain added."
posting a link is always nice IMHO so here's one https://sbcnews.co.uk/sportsbook/2022/09/12/entain-to-face-austrac/
Regulatory compliance is clearly a major weakness at Entain PLC.
"The Australian Transaction Reports and Analysis Centre (Austrac) has launched an “enforcement investigation” into Entain, citing anti-money laundering (AML) and counter terrorism financing (CTF) concerns"
The realy frightening issue for shareholders is the apparent lack of concern and action by the management - one day they will lose a regulatory licence which could have a disastrous domino effect.
AceofClubs
Well I think the report shows the company is not keeping its eye on the ball. It is good the sp has only altered slightly and the penalty appears to have been factored in
From the "Terms of Reference" of the ESG Committe of Entain PLC:
17. In particular, the Committee shall consider the adequacy of the Group’s ESG policies and processes by reviewing reports prepared by management on:
(a) responsible gambling - including but not limited to the prevention of underage or problem gambling and monitoring of the Company’s performance against the Responsible Gambling remuneration metric;
(b) compliance governance – including but not limited to compliance with the gaming licenses held by the Company’s subsidiaries (including marketing practices), anti-money laundering monitoring and controls, anti-bribery and anti-corruption practices;"
What the Gambling Commission found in practice:
Andrew Rhodes, Gambling Commission chief executive, said: “Our investigation revealed serious failures that have resulted in the largest enforcement outcome to date.
“There were completely unacceptable anti-money laundering and safer gambling failures. Operators are reminded they must never place commercial considerations over compliance.
“This is the second time this operator has fallen foul of rules in place to make gambling safer and crime free.
“They should be aware that we will be monitoring them very carefully and further serious breaches will make the removal of their licence to operate a very real possibility. We expect better and consumers deserve better.”
The tone of the Entain statement smacks of self-satisfied complacency: with an ESG committee of very well rewarded directors asleep on the job.
AceofClubs
If the sp drop is due to this
https://entaingroup.com/newsrelease/statement-regarding-regulatory-settlement/
it seems overdone.
The British Gambling Commission found no evidence of criminality and the £17m paid was already factored into the Group’s financial statements.
Has anyone heard any other bad news perhaps?
.
Bet MGM throws $16M behind Prop 27 in California.
If P27 wins over Tribes Prop26 proposal and BetMGM gets a California license then positives for Entain.
https://www.gamingtoday.com/news/california-prop-27-sports-betting/
I have at last heard from Ciabo Doherty at the compamy. Dividends are resumnig at 8'5p per share for shareholers at 13 August 6,5p. a step in the right direction. Shares up 6.18%
Positive results ,dividend restored ,acquisition confirming continued growth aspirations ,retail ahead of expectations ,BetMGM on track for $1.3bill & break even next year (which may prove conservative ) + possibility of a third & decisive bid this year or next .If markets remain benign no reason for our SP not to continue its recovery
Results look mixed to me - acquisition looks sound sp to creep up?
I couldn't agree more Bruce, but I think that we Brits may be underestimating the potential upside offered by the opening of more and more state markets in America. I lived in America for twenty years, and the non-existence of licensed bookmakers in America certainly didn't quash the appetite for gambling. As that appetite can now be satisfied by actual bookmakers such as Entain (via BetMGM), I think that there could be serious future growth, or, perhaps, another takeover offer that would send the price back to previous heights.
Entain also benefitted from the recent Women's Euros, and will have had a good first weekend of the Premier League thanks to Liverpool and Man. Utd's failures to win destroying most football accumulator bets.
My late wife was a General Manager with Grosvenor Casinos. So I know a lot about the sector. Brenda used to point out poor areas which tended to have many betting shops. Gambling carries on through thick and thin. Entain is creeping up. My opinion is that they are hugely under valued
I assume that your question mark indicates that you see no relevance in what I posted to Entain.
America should be a huge growth market for Entain, thanks to its 50% stake in BetMGM, especially now that online gambling has just been legalised in Massachusetts, but, of course, everyone has been worrying about the effects of an economic slump on the American market. The figures that DraftKings (who made a proposal to acquire Entain last year) released on Friday, which boosted their share price by 12%, should be good news for Entain, at least in my perhaps foolish mind.
?
Shares of DraftKings Inc. (DKNG) shot up 9.4% toward a four-month high in premarket trading Friday, after the digital sports entertainment and gaming company reported a narrower-than-expected loss, revenue that rose above forecasts and lifted its full-year outlook, saying it is seeing "no perceivable impact" from broader macroeconomic pressures. The net loss narrowed to $217.1 million, or 50 cents a share, from $305.5 million, or 76 cents a share, in the year-ago period. The FactSet per-share loss consensus was 75 cents. Revenue jumped 56.6% to $466.2 million, above the FactSet consensus of $438.6 million. Cost of revenue climbed 67.2% to $312.8 million, while sales and marketing increased 15.7% to $197.5 million. The company revised its 2022 revenue guidance range to $2.08 billion to $2.18 billion from $2.055 billion to $2.175 billion, to raise the midpoint of guidance to $2.13 billion from $2.115 billion. The stock has rallied 13.3% over the past three months through Thursday, while the S&P 500 has ticked up 0.1%.
I apologise to everyone for whom this is old news, but I have only just read this on the Entain website. The line about 72% of online bets being on England to win in 90 minutes is good news for the company.
29 July 2022
Entain reveals record number of bets placed on the Women’s Euros, as the UK backs the Lionesses to bring football home
A record 1.5 million online bets have been placed on Women’s Euro 2022, marking a significant milestone for the fastest growing female sport in the world
In the UK, Ladbrokes and Coral have experienced a fivefold increase in the number of bets placed on the tournament, versus the Women’s Euros 2017
Hopes are high for the Lionesses to finally bring the trophy home, after a stellar performance by the team in Tuesday’s semi-final
Ahead of the Women’s Euro 2022 final between England and Germany on Sunday, Entain, the global sports-betting, gaming and interactive entertainment group, reveals that the Lionesses are the favourites to win the trophy and bring football home. So far, 72% of bets placed with Ladbrokes Digital UK are on England to win the match in 90 minutes.
Entain’s data also reveals that, as of 28 July 2022:
1.5 million online bets in total, across all of Entain’s brands, have been placed on the tournament. 14% of these bets have been made by women
In the UK specifically, Ladbrokes and Coral have experienced a fivefold increase in the number of bets placed on the tournament (up to and including the semi-final), versus the Women’s Euro 2017. There has also been a sixfold increase in bets placed by women, compared to the previous tournament in 2017
Fans in the UK have been the biggest bettors on Women’s Euro 2022, placing 46% of the total online bets, followed by Germany (22%) and Brazil (16%)
From the beginning of the tournament, fans have shown their patriotic side, with nearly 60% of outright bets from the UK rooting for England to win. Likewise, there have been nearly 60% of outright bets from Germany banking on their home team to walk away as champions