Tag Archives: Entain

Entain takes 1.5 million online bets on Women’s Euro 2022

Entain takes 1.5 million online bets on Women’s Euro 2022

Entain revealed it has processed 1.5 million online bets on the Women’s Euro 2022 national football team competition, with 14% of these wagers being placed by female customers.

Of the bets placed across Entain’s brands, 46% have been from punters in the UK, ahead of 22% by German customers and 16% Brazil.

In the UK specifically, Ladbrokes and Coral have experienced a five-fold increase in the total number of bets placed on the tournament, up to and including the semi-final, compared to the Women’s Euro 2017. Entain also noted a six-fold increase in bets placed by women.

Almost 60% of outright bets from the UK have been on host England to win the tournament, with this figure being the same for outright bets from Germany.

England will face Germany in the final at Wembley Stadium on 31 July, with 72% of bets placed with Ladbrokes Digital UK being for England to win the match in 90 minutes.

Entain said the increase in betting rates on the Women’s Euro 2022 comes amid an increase in wa..

Continue Reading

Key industry players partner for women’s sports research

Key industry players partner for women’s sports research

A group of leading industry groups and businesses have joined forces to carry out long-term research exploring the growth in women’s sports.

Entain, Stats Perform, the International Betting Integrity Association and the All-In Diversity Project will work in collaboration with the German Sports University of Cologne to conduct the research.

The initiative will focus on the links between the popularity of women’s sports, betting on women’s sports and rising numbers of female sports bettors.

The group will work to publish its findings ahead of football’s Fifa Women’s World Cup 2023, which will take place in Australia and New Zealand.

Confirmation of the new research project comes as the 2022 Uefa European Women’s Football Championship is taking place in England.

The tournament is currently at the quarter-final stage, with England, Spain, Germany, Austria, Sweden, Belgium, France and the Netherlands having progressed from the group stage.

The final will take place on 31 July at Londo..

Continue Reading

BetMGM to limit presence in New York until tax rates change

BetMGM to limit presence in New York until tax rates change

BetMGM chief financial officer Gary Deutsch said the business would continue to adopt a “conservative” approach in New York until the state’s “irrational” tax environment changes.

During its latest investor day, BetMGM reiterated its net revenue guidance for 2022 of $1.3bn (£1.06bn/€1.25bn), up from $850m in 2021. Executives also said BetMGM’s earnings before interest, tax, depreciation and amortisation (EBITDA) for the year should be similar to 2021, when the business reported an EBITDA loss of $430m.

However, chief financial officer Gary Deutsch noted that there was a change in the portions of this $1.3bn produced by different states.

“Within this guidance, the revenue mix is different than previously expected,” he said. “We expected lower New York revenue and higher revenue in our other online sports and igaming states.”

Deutsch then went on to outline why BetMGM had taken few steps to establish a foothold in New York. During April, the operator reported $5.0m in revenue from $1..

Continue Reading

Gaming giants form new body in push for uniform standards and safeguards

Gaming giants form new body in push for uniform standards and safeguards

A host of real-money gambling and gaming businesses have formed the Global Gaming Alliance, a new forum that aims to address shared challenges as the market for real-money, free-to-play and console gaming evolves.

The GGA brings together real-money operators Entain and DraftKings, Facebook parent Meta, and mobile games developers 89Trillion and Habby to create a fair and sustainable industry.

The collective has published a white paper, Responsible Gaming is Everyone’s Business, which calls on gaming companies to follow best practice on issues such as diversity, transparency and player protection. In particular, the white paper highlights a need for greater diversity, more accessible and relatable games for a wider range of players, and controls to ensure play remains sustainable.

The initiative launches with the gaming sector booming. Quoting third party figures, the white paper points out that there were an estimated 2.9 billion players worldwide at the end of last year. Revenue..

Continue Reading