Entain PLC Statement regarding KSA decisions
November 30 2023 - 4:42AM
RNS Non-Regulatory
TIDMENT
Entain PLC
30 November 2023
30 November 2023
Entain plc
("Entain" or the "Group")
Statement regarding KSA decisions
Entain plc (LSE: ENT), the global sports betting and gaming
group, notes the disclosure of decisions by the Netherlands
Gambling Authority (Kansspelautoriteit; "KSA") investigation into
Betent B.V. (BetCity).
The investigation relates to BetCity activities in the period
December 2022 to February 2023 based on instructions previously
issued by the KSA to BetCity in September 2022 (the "September 2022
Instructions"). Entain was aware of the September 2022 Instructions
prior to completion of the acquisition on 12 January 2023 and the
legal documentation relating to the acquisition contains customary
contractual protections.
Following completion, Entain commenced implementing improvements
to BetCity's procedures and control frameworks, has fully
co-operated with the KSA investigation and is committed to working
with regulators in all its markets to ensure the highest standards
of player protection.
Enquiries:
Investor Relations - Entain plc investors@entaingroup.com
David Lloyd-Seed, Chief IR & Communications Officer
Davina Hobbs, Head of Investor Relations
Aimee Remey, VP US Investor Relations
Callum Sims, IR Manager
Media - Entain plc media@entaingroup.com
Lisa Attenborough, Head of Corporate Communications
Jay Dossetter, Head of Corporate PR
Jodie Hitch, PR Manager
Powerscourt Tel: +44 (0) 20 7250 1446
Rob Greening/Russ Lynch/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, STS, SuperSport and TAB NZ; 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
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END
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