Entain PLC Entain expands global regulated markets by 30%
April 01 2021 - 2:26AM
RNS Non-Regulatory
TIDMENT
Entain PLC
01 April 2021
1 April 2021
Entain expands global regulated markets by 30%
Entain, the leading global sports betting and gaming
entertainment group, has increased the number of regulated
international markets in which it operates by almost a third over
the past year following the completion this week of the
acquisitions of two European operators, Bet.pt and Enlabs AB.
The latest acquisitions take Entain into four new regulated
European markets and provide a springboard to enter further markets
intending to regulate for sports betting and gaming. This time last
year Entain had operations in 21 fully regulated markets, later
adding Germany and Colombia. That total has risen to 27 following
the latest acquisitions.
Looking ahead, the Group expects to increase further the number
of regulated markets in which it operates through a combination of
positive regulatory developments in certain jurisdictions, like
Canada, and expansion into new countries in regions including Latin
America and Central and Eastern Europe. This could further increase
the scale of its operations in fully regulated international
markets by the end of the year.
"These new acquisitions are in line with our strategy to expand
into new locally regulated markets" said Rob Wood, CFO & Deputy
Chief Executive of Entain. "We are committed to operating only in
countries which are either already fully regulated or in the
process of regulating and will continue to look for opportunities
to expand our business internationally."
Bet.pt brings to the Group one of the leading sports betting and
gaming operators in the Portuguese market, the value of which is
anticipated to grow by 70% to around Euro 580 million by 2023.
Bet.pt significantly strengthens Entain's presence in the
fast-growing Iberian Peninsula, where it already operates through
bwin in Spain.
Enlabs is a leading operator across the Baltic states, taking
Entain into this region for the first time with its flagship brand
Optibet. Market leader in Latvia, Enlabs is the second largest in
Estonia, and among the top five in Lithuania, with offices across
the region. Enlabs continues to deliver significant growth in its
core markets and, through the acquisition, Entain sees further
opportunity to expand into new territories in the region.
"Portugal and the Baltic region represent highly attractive,
locally regulated and fast-growing gaming markets" said Rob Wood.
"Both these acquisitions further deliver on our growth strategy of
expanding across fast-growing international markets."
At the end of last year, Entain committed to operate only in
countries where regulation is already in place to allow
sports-betting and gaming or are in the process of regulating to
allow it. At present 99% of revenue comes from fully regulated and
regulating markets, which the Group has said will become 100%
regulated by the end of 2023
Contacts
Investor Relations investors@entaingroup.com
David Lloyd-Seed, G roup Director of
Investor Relations & C orporate Communications
Media media@entaingroup.com
Jay Dossetter, Head of ESG and Press
Office
Tessa Curtis, Head of Media Relations
LEI: 213800GNI3K45LQR8L28
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 Bet.pt,
bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Optibet and
Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo, Gala,
Gioco Digitale, partypoker and PartyCasino. The Group owns
proprietary technology across all of 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 also entered
into a joint-venture with MGM Resorts to capitalise on the
sports-betting and gaming opportunity in the US. The Group is tax
resident in the UK with licences in more than 20 countries, across
five continents.
For more information see the Group's website:
www.entaingroup.com
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