Last checked at 30 Nov 2023 10:42
30 November 2023
Entain plc
("Entain" or the "Group")
Statement regarding KSA decisions
Entain plc (LSE: ENT), the global sports betting and gaming group, notes the disclosure of decisions by the Netherlands Gambling Authority (Kansspelautoriteit; "KSA") investigation into Betent B.V. (BetCity).
The investigation relates to BetCity activities in the period December 2022 to February 2023 based on instructions previously issued by the KSA to BetCity in September 2022 (the "September 2022 Instructions"). Entain was aware of the September 2022 Instructions prior to completion of the acquisition on 12 January 2023 and the legal documentation relating to the acquisition contains customary contractual protections.
Following completion, Entain commenced implementing improvements to BetCity's procedures and control frameworks, has fully co-operated with the KSA investigation and is committed to working with regulators in all its markets to ensure the highest standards of player protection.
Enquiries:
Investor Relations - Entain plc David Lloyd-Seed, Chief IR & Communications Officer Davina Hobbs, Head of Investor Relations Aimee Remey, VP US Investor Relations Callum Sims, IR Manager | investors@entaingroup.com
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Media - Entain plc Lisa Attenborough, Head of Corporate Communications Jay Dossetter, Head of Corporate PR Jodie Hitch, PR Manager | media@entaingroup.com
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Powerscourt Rob Greening/Russ Lynch/Sam Austrums | Tel: +44 (0) 20 7250 1446 entain@powerscourt-group.com |
About Entain plc
Entain plc (LSE: ENT) 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 BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, Sports Interaction, STS, SuperSport and TAB NZ; Gaming brands include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino. The Group owns proprietary technology across all 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 a 50/50 joint venture, BetMGM, a leader in sports betting and iGaming in the US. Entain provides the technology and capabilities which power BetMGM as well as exclusive games and products, specially developed at its in-house gaming studios. The Group is tax resident in the UK and is the only global operator to exclusively operate in domestically regulated or regulating markets operating in over 40 territories.
Entain is a leader in ESG, a member of FTSE4Good, the DJSI and is AA rated by MSCI. The Group has set a science-based target, committing to be carbon net zero by 2035 and through the Entain Foundation supports a variety of initiatives, focusing on safer gambling, grassroots sport, diversity in technology and community projects. For more information see the Group's website: www.entaingroup.com.
LEI: 213800GNI3K45LQR8L28