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(LAD.L)
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ReutersBritain's Entain to buy U.S.-based Angstrom Sports for up to $266 million
"Their next generation forecasting, pricing and risk management capabilities will unlock significant opportunities across BetMGM's U.S. sports betting offering, particularly in the fast-growing markets of parlay and in-play wagering," Chief Executive Officer Jette Nygaard-Andersen said. BetMGM is Entain's joint venture with MGM Resorts. Over the years, Entain has added several betting groups to its portfolio to expand into Canada, the Netherlands and other parts of Europe.
ReutersShares in Ladbrokes owner Entain slide on deal to buy Poland's STS
LONDON (Reuters) -Shares of Ladbrokes owner Entain fell to the bottom of the London blue-chip index on Wednesday after the company announced it was buying Poland-based sports betting operator STS Holdings. Entain shares fell 10.5% to their lowest since March 29, in their biggest daily decline in four months as analysts picked through the deal valuation. Entain, which owns Coral betting shops as well as the bwin and partypoker online brands, also announced on Wednesday it had raised around 600 million in equity issuance to help pay for the acquisition.
