RCS - Entain PLC - Statement regarding KSA decisions

EntainAnnouncement

30/11/2023 10:45

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RNS Number : 2284V  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 (mailto: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 (mailto: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 (mailto:entain@powerscourt-group.com) urt-group.com
                                                           (mailto: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 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 (http://www.entaingroup.com) .

 

LEI: 213800GNI3K45LQR8L28

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