MarketCap IM

IM Isle of Man


Entain PLC operates as a sports-betting and gaming company. The company provides online betting, casino, poker, and bingo services through mobile and web under the bwin; online and multi-channel betting under the Ladbrokes; street and online betting under the Coral; sports betting, casino, game, and poker under the Sportingbet; online bingo, sportsbook, casino, and poker access under the Betboo; and sports betting, poker, and casino games under the Crystalbet brands, as well as Gamebookers, a full-service sportsbook. It also offers software and technology for race book and sportsbook under the Stadium; online sports betting, casino, and gaming under the Eurobet; sports action and horse racing under the Neds; online bingo under the Gala Bingo; casino and live casino under the Gala Casino; virtual sports under the AGT brands, as well as partypoker, which provides online poker; PartyCasino that provides online casino; and Gala Spins, a gaming application. In addition, the company provides Foxy Bingo that provides online bingo; Foxy Games, which offers slot games, jackpots, and various table games; casino and live casino games under the Casino Las Vegas brand; playtech casino under the Casino King brand; Ladbrokes.be, a shop and newsagent outlet; Ladbrokes.com.au, an online betting site; online betting and gaming under the Optibet; online casino and betting under the NinjaCasino brand; gender-neutral mobile-first casino and bingo under the Laimz brand; online sports, casino, and poker under the BetMGM brand; online sports and gaming under the Borgata brand; and Danske Spil that provides online gaming. Further, it operates an online casino website for German-speaking markets under the CasinoClub brand; Gioco Digitale, a gaming site; and Cheeky Bingo, a bingo platform. Additionally, the company offers PMU that offers online poker; betting in the shop estates; and telephone betting services. Entain PLC was founded in 2004 and is headquartered in London, the United Kingdom.


The company was founded in Luxembourg in 2004 as Gaming VC Holdings. In 2010, it was reorganised as GVC Holdings.In 2012 GVC and William Hill bought Sportingbet, with William Hill taking the Australian and Spanish markets, and GVC taking the rest of the world.GVC acquired Bwin.Party Digital Entertainment in 2016 for £1.1bn after a bidding battle with rival gambling group 888 Holdings, leading to a marked recovery in GVC's financial situation. Since the acquisition, bwin.party has returned to growth after many years of falling sales.In December 2017, GVC Holdings agreed to buy Ladbrokes Coral in a deal which could be worth up to £4 billion. The acquisition was completed in March 2018.In mid-2018 a shareholder rebellion forced out GVC director, Peter Isola, after reports showed that two executives at the company earned a disproportionate £67 million in salary.In July 2018, the UK owner of Ladbrokes and Coral agreed a $200 million deal with MGM Resorts to capitalise on the newly liberalised US sports betting market.On March 22, 2019, GVC confirmed that chairman Lee Feldman would leave the company on or before the company's annual general meeting on June 5. While Feldman was overdue to leave under UK corporate governance code that recommends chairs of listed companies not stay in position longer than nine years, the news came two weeks after Feldman sold £6m worth of his GVC shares and CEO Kenny Alexander sold shares worth £13.7m, which led to GVC's share price falling nearly 14% in a single day. Barry Gibson took over as Chairman upon Lee Feldman's departure.In July 2020, Shay Segev, GVC's chief operating officer , succeeded Alexander as CEO following his "surprise departure" after 13 years in charge. Also In July 2020, the UK tax authority HM Revenue and Customs announced that it was widening the scope of its investigation into “potential corporate offending” by an unspecified entity or entities within the GVC group related to the company’s former Turkish-facing online gambling business, which GVC sold in December 2017. GVC dismissed public reports that the HMRC probe was related to insolvent payment processor Wirecard, saying there was “no evidence of any link between the HMRC investigation and the payment service providers mentioned in the newspaper report.”In September 2020, GVC announced that it would be changing its name to Entain plc and that it was committing to only operate in regulated markets by 2023.On 9 December, GVC Holdings plc changed its name to Entain following a shareholder vote.In 2021, Entain's joint venture partner MGM Resorts made an offer to buy Entain, valuing the business at $11 billion. The board and Segev rejected the offer saying, that it "significantly undervalues the company and its prospects". MGM Resorts subsequently withdrew the offer.On 11 January 2021, Shay Segev announced he was stepping down as Entain CEO to become co-CEO at video streaming service DAZN. On January 20, Entain appointed Jette Nygaard-Andersen as its new CEO, making her the first woman to lead a UK-listed gambling company. Rob Wood was promoted to become Deputy CEO while still retaining his CFO duties.In August 2021, Entain acquired US-based esports betting company Unikrn for £50 million.In November 2021 it was reported that Entain had sold the Betdaq business back to original founder Dermot Desmond. The sale came eight years after the business was acquired by Ladbrokes , and although the amount of the sale is unknown, reports suggest it is substantially less than £25 million the company was originally acquired for.In February 2022, Entain announced it has acquired the Canadian sports betting operator Sports Interaction from Avid Gaming for £175 million.In November 2022, it was announced Entain had acquired the Croatian sports betting company, SuperSport.

Our mission is to drive a healthier, more sustainable, and profitable business through responsible gambling and entertainment, in order to create a better tomorrow for our customers, partners, employees, and communities.

To be the world’s most trusted, admired and responsible entertainment provider, driven by innovation and powered by values.

Key Team

Dr. Robert Willis (Co-Founder)

Mr. Sandeep Tiku (Group Chief Operating Officer)

Davina Hobbs (Head of Investor Relations)

Mr. Per Gustafsson (VP of Bus. Devel.)

Mr. Adam Lewis (Chief Marketing Officer)

Ms. Lisa Attenborough (Head of Corp. Communications)

Mr. Jon Salmon (Head of CasinoClub)

Recognition and Awards
Entain has won multiple awards across its 20 markets, including the prestigious Queen’s Award for Enterprise in 2021 for its responsible gambling initiatives. Other accolades include Partner of the Year by Paddy Power Betfair, Online Operator of the Year by the Malta Gaming Authority, and Responsible Gaming Provider of the Year by eGR.

Leadership team

Ms. Jette Nygaard-Andersen (CEO & Exec. Director)

Mr. Rob M. Wood (Deputy CEO, CFO & Exec. Director)

Mr. Robert Hoskin (Chief Governance Officer & Exec. Director)

Products/ Services
Gaming, Internet, Online Games, Video Games
Number of Employees
20,000 - 50,000
London, England, United Kingdom
Net Income
500M - 1B
Above - 1B
Traded as
Social Media
Sun Mar 03 2024

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