REG - Entain PLC - Entain granted gaming & poker licences in Germany

EntainAnnouncement

21/11/2022 11:15

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RNS Number : 0735H  Entain PLC  21 November 2022

 

 

 

21 November 2022

Entain plc

("Entain" or the "Group")

 

Entain granted gaming and poker licences in Germany

 

Entain plc (LSE: ENT), the global sports betting, gaming and interactive
entertainment group, is pleased to announce that it has been awarded licences
by the State Administrative Office of Saxony-Anhalt, for the operation of its
gaming and poker services throughout Germany.

 

The Group has been granted all five licences it applied for, enabling it to
offer gaming under its bwin, Ladbrokes and Sportingbet brands, and poker under
bwin and Ladbrokes. Each licence is granted for a term of five years.  Entain
is the first operator to be licenced to offer online poker.

 

The new awards are in addition to Entain's existing licences to offer online
sports betting under each brand and will enable the Group to enhance and
develop its position as a market leader in sports betting and gaming in
Germany.

 

Robert Hoskin, Entain's Chief Governance Officer commented:

 

"We're delighted to now have our licences for gaming and poker services in the
regulated German market, enabling us to offer and market them to our
customers. It is an important and welcome step towards achieving the goal of a
fully regulated online betting and gaming market in Germany. Only through such
regulation and its enforcement will we avoid the reality of customers going to
the black market where there are none of the safeguards that reputable
operators such as Entain guarantee."

 

ENDS

 

 

 Contacts
 Investors                                                 investors@entaingroup.com

 David Lloyd-Seed, Chief IR & Communications Officer

Davina Hobbs, Head of Investor Relations

Callum Sims, IR Manager
 Media                                                     media@entaingroup.com

 Jay Dossetter, Head of Corporate PR

 Lisa Attenborough, Head of Corporate Communications

 Jodie Hitch, PR Manager

 

 

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
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.entaingroup.com%2F&data=05%7C01%7CJay.Dossetter%40entaingroup.com%7C594f872543384c24134208daa6bd6d5b%7C60c43c0a64ac4050bf3e31e1cdfffdeb%7C0%7C0%7C638005629752604135%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=%2F3YKjl1o%2Fq0rM4wkqCYygDbSgpThb9J7%2BfDZmLdtBzs%3D&reserved=0)
 

LEI: 213800GNI3K45LQR8L28

 

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