Entain PLC Statement regarding Tabcorp Holdings Limited (1719E)
July 05 2021 - 5:47AM
UK Regulatory
TIDMENT
RNS Number : 1719E
Entain PLC
05 July 2021
5 July 2021
Entain plc
("Entain" or the "Group")
Statement regarding wagering and media business of Tabcorp
Holdings Limited
Entain plc (LSE: ENT), the global sports-betting and gaming
entertainment group, notes the statement made today by the Board of
Tabcorp Holdings Limited ("Tabcorp") outlining its intention to
pursue a demerger of its Lotteries & Keno business, which would
result in two standalone ASX-listed businesses, Lotteries and
KenoCo and Wagering and GamingCo.
Entain is disappointed by the decision of the Tabcorp Board, as
we believe our all-cash offer would have delivered superior
outcomes for shareholders, customers, employees and the wider
industry. Price discipline is essential in building on the
significant shareholder value that our global growth strategy will
deliver for all our stakeholders and we have a healthy pipeline of
opportunities.
Entain's Australian business, comprising the Ladbrokes, Neds,
Betstar and Bookmaker brands, continues to build on a record year
in 2020. We are confident that it will go from strength to strength
as it delivers innovative and highly engaging products for its
customers as well as supporting the health of the wider Australian
racing industry.
Enquiries:
Investor Relations - Entain plc investors@entaingroup.com
David Lloyd-Seed, Group Director of Investor Relations & Corporate Communications david.lloyd-seed@entaingroup.com
Davina Hobbs, Senior Investor Relations Manager davina.hobbs@entaingroup.com
Jennifer Spencer, Investor Relations Manager j ennifer.spencer@entaingroup.com
Media - Entain plc
Tessa Curtis, Head of Media Relations t essa.curtis@entaingroup.com
Jay Dossetter, Head of ESG and Press Office j ay.dossetter@entaingroup.com
Media - Powerscourt Tel: +44 (0) 20 7250 1446
Rob Greening / Elly Williamson entain@powerscourt-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,
Bet.pt, Coral, Crystalbet, Eurobet, Ladbrokes, Neds and
Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo, Gala,
Gioco Digitale, 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
also entered into a joint-venture with MGM Resorts to capitalise on
the sports betting and gaming opportunity in the US, through
BetMGM. Entain provides the technology which powers BetMGM and
exclusive games and products, specially developed at its in-house
gaming studios. The Group is tax resident in the UK with licences
in a total of 27 regulated markets. Entain is a leader in ESG, a
member of FTSE4Good, the DJSI and is AA rated by MSCI. The Group
has set an SBT, 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
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END
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