Entain PLC Acquisition of 365scores (3965V)

TIDMENT

RNS Number : 3965V

Entain PLC

05 April 2023

Entain plc

Acquisition of 365scores, a world leading sport scores and information business

Entain plc (LSE: ENT), the global sports betting, gaming and interactive entertainment group ("Entain" or the "Group"), is pleased to announce that it has acquired the entire issued share capital of 365scores, a world leading sports media business, for a consideration of $150 million (approximately GBP120m(1) ) and contingent payments totalling up to $10 million (approximately GBP8m(1)).

365scores is one of the world's leading scores and sports media companies, providing scores & sports information, editorial & social content, as well as sports-focused free-to-play games. They have a fast growing and highly engaged global audience of over 15 million active users and are ranked amongst the top 5 scores apps worldwide(2) .

The combination of 365scores' deep expertise in data-driven sports media content alongside Entain's global scale and market leading platform capabilities will provide customers with a broader offering of interactive content and experiences. The acquisition unlocks further growth opportunities and supports our global strategic ambitions.

Notes

   (1)      GBP/USD FX rate of 1.2495 as per Bloomberg at market close on 4(th) April 2023 
   (2)      Source: Data.ai (2022 Rankings)

Enquiries:

 
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 
 Aimee Remey, VP US Investor Relations                       aimee.remey@entaingroup.com 
 Callum Sims, IR Manager                                    callum.sims@entaingroup.co m 
Media - Entain plc                                          media@entaingroup.com 
 Lisa Attenborough, Head of Corporate Communications   lisa.attenborough@entaingroup.com 
 Jay Dossetter, Head of Corporate PR                     jay.dossetter@entaingroup.com 
 Jodie Hitch, PR Manager                                  jodie.hitch@entaingroup.com 
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 BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, Sports Interaction and SuperSport; 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

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.

In particular, no statement in this announcement is intended to be a profit forecast or profit estimate and no statement of a financial metric (including estimates of EBITDA, profit before tax, free cash flow or net debt) should be interpreted to mean that any financial metric for the current or future financial years would necessarily match or exceed the historical published position of Entain and its subsidiaries. Certain statements in this announcement may contain estimates. The estimates set out in this announcement have been prepared based on numerous assumptions and forecasts, some of which are outside of Entain's influence and/or control, and is therefore inherently uncertain and there can be no guarantee or assurance that it will be correct. The estimates have not been audited, reviewed, verified or subject to any procedures by Entain's auditors. Undue reliance should not be placed on them and there can be no guarantee or assurance that they will be correct.

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.

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

ACQFFFSFSDISIIV

(END) Dow Jones Newswires

April 05, 2023 02:00 ET (06:00 GMT)

Entain (AQSE:ENT.GB)
Historical Stock Chart
From Nov 2024 to Dec 2024