Entain PLC Statement in response to press speculation (7071N)
February 02 2021 - 4:45AM
UK Regulatory
TIDMENT
RNS Number : 7071N
Entain PLC
02 February 2021
FOR IMMEDIATE RELEASE
2 February 2021
Entain plc
("Entain" or the "Group")
Statement in response to press speculation in Australia
Entain plc (LSE: ENT), the global sports-betting and gaming
group, notes the recent press speculation regarding a possible
transaction involving Tabcorp Holdings Limited ('Tabcorp') in
Australia and confirms that it has made a non-binding indicative
offer to acquire its Wagering and Media business.
Whilst discussions are at an early stage, any transaction would
be in-line with Entain's current M&A strategy of expanding
across regulated international markets. As such, this would present
an opportunity to acquire an attractive business which, if combined
with Entain's existing Australian business, would create a leading,
integrated multi-channel and multi-brand wagering company.
Enquiries:
Investor Relations
Entain plc
David Lloyd-Seed, Director of Investor Relations & External Communications investors@entaingroup.com
david.lloyd-seed@entaingroup.com
Jennifer Spencer, Investor Relations Manager Jennifer.spencer@entaingroup.com
Media
Entain plc
Tessa Curtis, Head of Media Relations Tessa.curtis@entaingroup.com
Jay Dossetter, Head of ESG and Press Office Jay.dossetter@entaingroup.com
Powerscourt
Rory Godson / Rob Greening Tel: +44 (0) 20 7250 1446
Entain@powerscourt-group.com
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation EU 596/2016.
LEI: 213800GNI3K45LQR8L28
Information on Entain
Entain plc (LSE: Entain) 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 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 MGMRI
to capitalise on the sports-betting and gaming opportunity in the
US. The Group is tax resident in the UK with licenses in more than
20 countries, across five continents.
For more information see the Group's website:
www.entaingroup.com
Important information
This announcement is not intended to and does not constitute an
offer to buy or the solicitation of an offer to subscribe for or
sell or an invitation to purchase or subscribe for any securities
or the solicitation of any vote in any jurisdiction. The release,
publication or distribution of this announcement in whole or in
part, directly or indirectly, in, into or from certain
jurisdictions may be restricted by law and therefore persons in
such jurisdictions should inform themselves about and observe such
restrictions.
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), the Company
undertakes no obligation to update or revise any such
forward-looking statements. Nothing in this document should be
construed as a profit forecast. The Company and its directors
accept no liability to third parties in respect of this document
save as would arise under English law.
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