Entain: Ladbrokes owner will raise £600m to fund takeover of Poland’s largest bookie June 14, 2023 Ladbrokes owner Entain told markets this morning that it will raise £600m via the placing of shares which will help fund its latest acquisition of a Polish betmaker and other near term deals. The betting giant said yesterday that it would takeover STS Holding S.A – Poland’s largest bookies – in a deal worth £750m. [...]
Ladbrokes-owner Entain likely to face “substantial financial penalty” after bribery investigation May 31, 2023 Entain said it could face a “substantial financial penalty” following investigations into its business practices in Turkey by the Crown Prosecution Service (CPS). The Ladbrokers owner said the offences under investigation at its Turkish facing business, which it held between 2011 and 2017, include breaching the bribery act. Entain admitted that “historical misconduct involving former [...]
Ladbrokes owner gambles on media expansion, buying 365scores for £128m April 5, 2023 Entain has bought 365scores in a deal worth up to $160m (£128m) as the betting giant hopes to expand its global reach. The Ladbrokes owner will pay $150m plus contingent payments of up to $10m for the Israeli sports media company. 365scores has 15m active users and a “fast growing” audience. It provides sports information, [...]
