REG - Entain PLC - Completion of Entain CEE’s SuperSport acquisition

EntainAnnouncement

23/11/2022 07:00

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RNS Number : 2675H  Entain PLC  23 November 2022

23 November 2022

 

Entain plc

("Entain" or the "Group")

 

Completion of Entain CEE's acquisition of SuperSport

 

Entain plc (LSE: ENT), the global sports betting, gaming and interactive
entertainment group, is pleased to announce that Entain CEE has completed the
acquisition of the SuperSport Group ("SuperSport"), the leading gaming and
sportsbook operator in Croatia.

On 11 August 2022, Entain announced (Link)
(https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=4149229&lang=en-GB&companycode=lu-gvc&v=redesign)
it had partnered with EMMA Capital ("EMMA"), a leading investment firm
operating in the Central and Eastern European ("CEE") region, to establish
Entain CEE, a strategic platform to drive expansion in the highly attractive
CEE market.

SuperSport has a leading c50%(1) share in the fully regulated Croatian
market.  Its unrivalled brand and online focused sports betting, as well as
iGaming offer is underpinned by its proprietary technology solution.

Entain CEE is a unique platform created to unlock the €5.0bn(2) regulated
betting and gaming market opportunity across CEE.  Entain CEE is led by
SuperSport's CEO, Radim Haluza, who has significant experience in this region.

Jette Nygaard-Anderson, Entain's CEO, commented: "We are very pleased to have
completed the acquisition of SuperSport, which is the first by the newly
created Entain CEE.  SuperSport expands our operations into the highly
attractive and regulated Croatian market, as well as establishing Entain CEE
as a strategic growth platform into the wider region.  We look forward to
working with Radim and the SuperSport team alongside EMMA Capital as we
execute on this exciting opportunity."

 

On 19 October 2022, Entain announced (Link)
(https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=4175396&lang=en-GB&companycode=lu-gvc&v=redesign)
the successful issuance of a $1bn new term loan that will be partially used to
finance the acquisition of SuperSport.

 

Notes:

1) Estimated 2022 share by GGR

2) Market size estimates via local intelligence / internal sources - regulated
markets only

 

Contact details

Entain plc

 Investor Relations - Entain plc                           investors@entaingroup.com (mailto:investors@entaingroup.com)

 David Lloyd-Seed, Chief IR & Communications Officer       david.lloyd-seed@entaingroup.com

 Davina Hobbs, Head of Investor Relations                  davina.hobbs@entaingroup.com.com (mailto:davina.hobbs@entaingroup.com.com)

 Callum Sims, IR Manager                                   callum.sims@entaingroup.com.com (mailto:callum.sims@entaingroup.com.com)
 Media - Entain plc                                        media@entaingroup.com.com (mailto:media@entaingroup.com.com)

 Lisa Attenborough, Head of Corporate Communications       lisa.attenborough@entaingroup.com.com

                                                         (mailto:lisa.attenborough@entaingroup.com.com)
 Jay Dossetter, Head of Corporate PR

                                                         jay.dossetter@entaingroup.com (mailto:jay.dossetter@entaingroup.com)
 Jodie Hitch, PR Manager

                                                         Jodie.hitch@entaingroup.com (mailto:Jodie.hitch@entaingroup.com)

Morgan Stanley (Sole Financial
Adviser)
                  Tel: +44 (0) 20 7425 8000

Laurence Hopkins

Tom Perry

Richard Brown

 Powerscourt                            Tel: +44 (0) 20 7250 1446

 Rob Greening/Nick Hayns/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 bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet
and Sports Interaction; 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, operating in
over 40 regulated or regulating 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

 

Important notices

Certain statements in this announcement are forward-looking statements,
including with respect to Entain's expectations, intentions and projections
regarding its future performance, strategic initiatives, anticipated events or
trends and other matters that are not historical facts and which are, by their
nature, inherently predictive, speculative and involve risks and uncertainty
because they relate to events and depend on circumstances that may or may not
occur in the future. All statements that address expectations or projections
about the future, including statements about operating performance, strategic
initiatives, objectives, market position, industry trends, general economic
conditions, expected expenditures, expected cost savings and financial results
are forward‐looking statements. Any statements contained in this
announcement that are not statements of historical fact are, or may be deemed
to be, forward‐looking statements. These forward-looking statements, which
may use words such as "aim", "anticipate", "believe", "could", "intend",
"estimate", "expect", "may", "plan", "project" or words or terms of similar
meaning or the negative thereof, are not guarantees of future performance and
are subject to known and unknown risks and uncertainties. There are a number
of factors including, but not limited to, commercial, operational, economic
and financial factors, that could cause actual results, financial condition,
performance or achievements to differ materially from those expressed or
implied by these forward-looking statements. Many of these risks and
uncertainties relate to factors that are beyond Entain's ability to control or
estimate precisely, such as changes in taxation or fiscal policy, future
market conditions, currency fluctuations, the behaviour of other market
participants, the actions of governments or governmental regulators, or other
risk factors, such as changes in the political, social and regulatory
framework in which Entain operates or in economic or technological trends or
conditions, including inflation, recession and consumer confidence, on a
global, regional or national basis. Given those risks and uncertainties,
readers are cautioned not to place undue reliance on forward-looking
statements. Forward-looking statements speak only as of the date of this
announcement. Entain and its affiliates, and any of its or their respective
directors, officers, partners, employees, advisers or agents (collectively,
"Representatives") expressly disclaim any obligation or undertaking to update
or revise publicly any forward-looking statements, whether as a result of new
information, future events or otherwise unless required to do so by applicable
law or regulation.

This announcement is being issued by and is the sole responsibility of Entain.
No representation or warranty, express or implied, is or will be made as to,
or in relation to, and no responsibility or liability is or will be accepted
by or on behalf of Entain (apart from the responsibilities or liabilities that
may be imposed by the Financial Services and Markets Act 2000, as amended or
the regulatory regime established thereunder) or by its affiliates or any of
its Representatives as to, or in relation to, the accuracy, adequacy, fairness
or completeness of this announcement or any other written or oral information
made available to or publicly available to any interested party or its
advisers or any other statement made or purported to be made by or on behalf
of Entain or any of its affiliates or any of its Representatives in connection
with Entain and any responsibility and liability whether arising in tort,
contract or otherwise therefore is expressly disclaimed.

Morgan Stanley & Co. International plc ("Morgan Stanley"), which is
authorised by the Prudential Regulation Authority and regulated by the
Financial Conduct Authority and the Prudential Regulation Authority in the
United Kingdom, is acting exclusively as financial adviser to Entain and no
one else in connection with the Acquisition. In connection with such matters,
Morgan Stanley, its affiliates and their respective directors, officers,
employees and agents will not regard any other person as their client, nor
will they be responsible to anyone other than Entain for providing the
protections afforded to clients of Morgan Stanley nor for providing advice in
connection with the Acquisition, the contents of this announcement or any
matter referred to herein.

 

Forward-looking statements

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), Entain undertakes no
obligation to update or revise any such forward-looking statements. Nothing in
this document should be construed as a profit forecast. Entain 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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