Ep 176: 2024 awakens to noises by bet365 and Entain

It’s a mere two weeks into 2024 and already there’s big noises coming out of UK giants bet365 and Entain. 

Publishing its 2022/2023 financial accounts, bet365 declared corporate losses of £60m, as the UK’s biggest online gambling brand expanded its corporate resources to overcome new regulatory duties and enlarged its tech unit to execute ‘localised expansions’ within new markets.

Beginning a new year, the board of Entain confirmed via an internal memo its exit from 140 markets to comply with its new corporate responsibilities and duties to investors.

Industry eyes continue to monitor Entain developments closely, following the resignation of CEO Jette Nygaard-Andersen and Entain’s appointment of activist investor Ricky Sandler to its board.

What do the contrasts and similarities of the challenges faced by UK giants tell us about the year ahead for the industry’s biggest names?

These will be the questions asked in Tuesday’s episode of iGaming Daily, sponsored by SBC Summit Rio, where James Ross is joined by SBC’s Content Director, Ted Menmuir and SBC’s Media Projects Director, Martyn Elliott.

To read more on the topics discussed in today's podcast, click on the following links:

- https://sbcnews.co.uk/sportsbook/2024/01/08/bet365-ready-for-uk-adjustments-as-revenues-return-to-3bn/
- https://sbcnews.co.uk/europe/2024/01/08/entain-exits-140-markets-for-regulatory-assurance/

Host: James Ross
Guests: Edward Menmuir & Martyn Elliott
Producer: Anaya McDonald
Editor: James Ross

Next up for SBC Events is beautiful Rio, SBC Summit Rio will place a spotlight on critical aspects such as regulatory frameworks, localized product offerings, operator-media relationships, sports integrity, data rights, and sponsorship opportunities. Visit https://sbcevents.com/en/sbc-summit-rio/ for more info, and to get your ticket!