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Entain Plc (GMVHY)

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11.68-1.09 (-8.54%)
At close: 03:59PM EDT
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  • Reuters

    Australia financial crimes regulator opens investigation into Britain's Entain

    The Australian Transaction Reports and Analysis Centre (AUSTRAC) said it began the enforcement investigation after an extensive supervisory campaign covering the whole corporate bookmaking sector, without giving further details. "Reporting entities have a responsibility to ensure they identify, assess and manage risks of money laundering and terrorism financing, develop adequate processes and devote the necessary resources to comply with their AML/CTF obligations," AUSTRAC Chief Executive Officer Nicole Rose said in a statement. Online betting has exploded in Australia since the start of the COVID-19 pandemic when physical gambling shopfronts were forced to shut in stop-start lockdowns over nearly two years.

  • The Telegraph

    Ladbrokes owner fined record £17m for failing to spot suspicious customers

    The owner of Ladbrokes has been fined a record £17m after failing to spot problem gamblers and money laundering, including allowing one suspicious customer to spend £186,000 on its sites.

  • Reuters

    Ladbrokes owner Entain buys into Europe as gambling pays dividends

    (Reuters) -British betting group Entain said it would buy Croatia's SuperSport Group for 600 million pounds ($731 million) in cash on Thursday after the owner of Ladbrokes, Coral and bwin reported a 20% increase in half-year profit. Although Entain's online net gaming revenue fell 7% in the six months to June 30, shares in the FTSE 100 firm were nearly 3% higher at 0751 GMT as it resumed dividends, saying it would pay out 100 million pounds in total for the year. "In Q2, we also saw our increasingly recreational customer base responding to the changing macro environment and inflationary fears by moderating spend per head across the UK and parts of Europe," Entain, which also owns the partypoker online brand, said in a statement.