Entain PLC Acknowledgement of UK Gambling Act Review (7323X)
April 27 2023 - 7:08AM
UK Regulatory
TIDMENT
RNS Number : 7323X
Entain PLC
27 April 2023
For Immediate Release
27 April 2023
Entain plc
Acknowledgement of UK Gambling Act Review publication
Entain plc (LSE: ENT), the global sports betting, gaming, and
interactive entertainment group ("Entain"), welcomes the
publication of the review of the UK Gambling Act 2005 by the UK
Government's Department for Culture, Media and Sports ("DCMS").
The review contains an extensive set of proposals, many of which
align with actions that Entain has already implemented. However, it
requires comprehensive assessment and analysis, and a more detailed
response will be provided as soon as is practical.
Jette Nygaard-Andersen, Entain's CEO, commented:
"The UK Gambling Act Review is an important step towards having
a robust regulatory framework that is fit for the digital age and
creates a level playing field for all operators. We welcome the
clarity that it will bring to the industry and customers. In
leading the industry on player protection, we have already
implemented a comprehensive range of actions to protect our
customers, such as our industry-leading Advanced Responsibility and
Care safer gaming programme, personalised online slots staking
limits, and the implementation of an affordability model across the
UK. We are also extremely proud to have led the industry in 2019 by
voluntarily agreeing to increase our levy donations to 1% of our UK
gross gaming revenues.
As a global and diversified business that operates in over 40
territories around the world, all of which are regulated or
regulating, we are firmly in favour of regulation that preserves
the market for the vast majority of customers who enjoy
recreational betting and gaming, whilst also ensuring appropriate
protection to all players."
Enquiries:
Investor Relations - Entain plc investors@entaingroup.com
David Lloyd-Seed, Chief IR & Communications Officer david.lloyd-seed@entaingroup.com
Davina Hobbs, Head of Investor Relations davina.hobbs@entaingroup.com
Aimee Remey, VP US Investor Relations aimee.remey@entaingroup.com
Callum Sims, IR Manager callum.sims@entaingroup.com
Media - Entain plc media@entaingroup.com
Lisa Attenborough, Head of Corporate Communications lisa.attenborough@entaingroup.com
Jay Dossetter, Head of Corporate PR jay.dossetter@entaingroup.com
Jodie Hitch, PR Manager Jodie.hitch@entaingroup.com
Powerscourt Tel: +44 (0) 20 7250 1446
Rob Greening/Nick Hayns/Sam Austrums entain@powersco urt-group.com
About Entain plc
Entain plc (LSE: ENT) is a FTSE100 company and is one of the
world's largest sports betting and gaming groups, operating both
online and in the retail sector. The Group owns a comprehensive
portfolio of established brands; Sports brands include BetCity,
bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet,
Sports Interaction and SuperSport; Gaming brands include Foxy
Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and
PartyCasino. The Group owns proprietary technology across all its
core product verticals and in addition to its B2C operations
provides services to a number of third-party customers on a B2B
basis.
The Group has a 50/50 joint venture, BetMGM, a leader in sports
betting and iGaming in the US. Entain provides the technology and
capabilities which power BetMGM as well as exclusive games and
products, specially developed at its in-house gaming studios. The
Group is tax resident in the UK and is the only global operator to
exclusively operate in domestically regulated or regulating markets
operating in over 40 territories.
Entain is a leader in ESG, a member of FTSE4Good, the DJSI and
is AA rated by MSCI. The Group has set a science-based target,
committing to be carbon net zero by 2035 and through the Entain
Foundation supports a variety of initiatives, focusing on safer
gambling, grassroots sport, diversity in technology and community
projects. For more information see the Group's website :
www.entaingroup.com
LEI: 213800GNI3K45LQR8L28
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