TIDMENT
RNS Number : 2675H
Entain PLC
23 November 2022
23 November 2022
Entain plc
("Entain" or the "Group")
Completion of Entain CEE's acquisition of SuperSport
Entain plc (LSE: ENT), the global sports betting, gaming and
interactive entertainment group, is pleased to announce that Entain
CEE has completed the acquisition of the SuperSport Group
("SuperSport"), the leading gaming and sportsbook operator in
Croatia.
On 11 August 2022, Entain announced (Link) it had partnered with
EMMA Capital ("EMMA"), a leading investment firm operating in the
Central and Eastern European ("CEE") region, to establish Entain
CEE, a strategic platform to drive expansion in the highly
attractive CEE market.
SuperSport has a leading c50% (1) share in the fully regulated
Croatian market. Its unrivalled brand and online focused sports
betting, as well as iGaming offer is underpinned by its proprietary
technology solution.
Entain CEE is a unique platform created to unlock the
EUR5.0bn(2) regulated betting and gaming market opportunity across
CEE . Entain CEE is led by SuperSport's CEO, Radim Haluza, who has
significant experience in this region.
Jette Nygaard-Anderson, Entain's CEO, commented : "We are very
pleased to have completed the acquisition of SuperSport, which is
the first by the newly created Entain CEE. SuperSport expands our
operations into the highly attractive and regulated Croatian
market, as well as establishing Entain CEE as a strategic growth
platform into the wider region. We look forward to working with
Radim and the SuperSport team alongside EMMA Capital as we execute
on this exciting opportunity."
On 19 October 2022, Entain announced (Link) the successful
issuance of a $1bn new term loan that will be partially used to
finance the acquisition of SuperSport.
Notes:
1) Estimated 2022 share by GGR
2) Market size estimates via local intelligence / internal
sources - regulated markets only
Contact details
Entain plc
Investor Relations - Entain plc investors@entaingroup.com
David Lloyd-Seed, Chief IR & Communications Officer david.lloyd-seed@entaingroup.com
Davina Hobbs, Head of Investor Relations davina.hobbs@entaingroup.com.com
Callum Sims, IR Manager callum.sims@entaingroup.com.com
Media - Entain plc media@entaingroup.com.com
Lisa Attenborough, Head of Corporate Communications lisa.attenborough@entaingroup.com.com
Jay Dossetter, Head of Corporate PR jay.dossetter@entaingroup.com
Jodie Hitch, PR Manager Jodie.hitch@entaingroup.com
Morgan Stanley (Sole Financial Adviser) Tel: +44 (0) 20 7425
8000
Laurence Hopkins
Tom Perry
Richard Brown
Powerscourt Tel: +44 (0) 20 7250 1446
Rob Greening/Nick Hayns/Sam Austrums entain@powersco urt-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 bwin, Coral,
Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet and Sports
Interaction; 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, operating in over 40 regulated or
regulating 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
Important notices
Certain statements in this announcement are forward-looking
statements, including with respect to Entain's expectations,
intentions and projections regarding its future performance,
strategic initiatives, anticipated events or trends and other
matters that are not historical facts and which are, by their
nature, inherently predictive, speculative and involve risks and
uncertainty because they relate to events and depend on
circumstances that may or may not occur in the future. All
statements that address expectations or projections about the
future, including statements about operating performance, strategic
initiatives, objectives, market position, industry trends, general
economic conditions, expected expenditures, expected cost savings
and financial results are forward--looking statements. Any
statements contained in this announcement that are not statements
of historical fact are, or may be deemed to be, forward--looking
statements. These forward-looking statements, which may use words
such as "aim", "anticipate", "believe", "could", "intend",
"estimate", "expect", "may", "plan", "project" or words or terms of
similar meaning or the negative thereof, are not guarantees of
future performance and are subject to known and unknown risks and
uncertainties. There are a number of factors including, but not
limited to, commercial, operational, economic and financial
factors, that could cause actual results, financial condition,
performance or achievements to differ materially from those
expressed or implied by these forward-looking statements. Many of
these risks and uncertainties relate to factors that are beyond
Entain's ability to control or estimate precisely, such as changes
in taxation or fiscal policy, future market conditions, currency
fluctuations, the behaviour of other market participants, the
actions of governments or governmental regulators, or other risk
factors, such as changes in the political, social and regulatory
framework in which Entain operates or in economic or technological
trends or conditions, including inflation, recession and consumer
confidence, on a global, regional or national basis. Given those
risks and uncertainties, readers are cautioned not to place undue
reliance on forward-looking statements. Forward-looking statements
speak only as of the date of this announcement. Entain and its
affiliates, and any of its or their respective directors, officers,
partners, employees, advisers or agents (collectively,
"Representatives") expressly disclaim any obligation or undertaking
to update or revise publicly any forward-looking statements,
whether as a result of new information, future events or otherwise
unless required to do so by applicable law or regulation.
This announcement is being issued by and is the sole
responsibility of Entain. No representation or warranty, express or
implied, is or will be made as to, or in relation to, and no
responsibility or liability is or will be accepted by or on behalf
of Entain (apart from the responsibilities or liabilities that may
be imposed by the Financial Services and Markets Act 2000, as
amended or the regulatory regime established thereunder) or by its
affiliates or any of its Representatives as to, or in relation to,
the accuracy, adequacy, fairness or completeness of this
announcement or any other written or oral information made
available to or publicly available to any interested party or its
advisers or any other statement made or purported to be made by or
on behalf of Entain or any of its affiliates or any of its
Representatives in connection with Entain and any responsibility
and liability whether arising in tort, contract or otherwise
therefore is expressly disclaimed.
Morgan Stanley & Co. International plc ("Morgan Stanley"),
which is authorised by the Prudential Regulation Authority and
regulated by the Financial Conduct Authority and the Prudential
Regulation Authority in the United Kingdom, is acting exclusively
as financial adviser to Entain and no one else in connection with
the Acquisition. In connection with such matters, Morgan Stanley,
its affiliates and their respective directors, officers, employees
and agents will not regard any other person as their client, nor
will they be responsible to anyone other than Entain for providing
the protections afforded to clients of Morgan Stanley nor for
providing advice in connection with the Acquisition, the contents
of this announcement or any matter referred to herein.
Forward-looking statements
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), Entain undertakes no
obligation to update or revise any such forward-looking statements.
Nothing in this document should
be construed as a profit forecast. Entain and its directors
accept no liability to third parties in respect of this document
save as would arise under English law.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
ACQEAXFAAFDAFFA
(END) Dow Jones Newswires
November 23, 2022 02:00 ET (07:00 GMT)
Gvc (LSE:GVC)
Historical Stock Chart
From Nov 2024 to Dec 2024
Gvc (LSE:GVC)
Historical Stock Chart
From Dec 2023 to Dec 2024
