{"id":4497,"date":"2023-04-27T08:25:51","date_gmt":"2023-04-27T08:25:51","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2023\/04\/27\/entains-expansion-comes-under-cloud-of-future-regulation\/"},"modified":"2023-04-27T08:25:51","modified_gmt":"2023-04-27T08:25:51","slug":"entains-expansion-comes-under-cloud-of-future-regulation","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2023\/04\/27\/entains-expansion-comes-under-cloud-of-future-regulation\/","title":{"rendered":"Entain\u2019s Expansion Comes Under Cloud of Future Regulation"},"content":{"rendered":"<div>\n<p>British gambling group, Entain, has recently come to terms to purchase Israeli sports media company, 365scores.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative mb-10\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/mirax.partners\/a5279d0cf\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Mirax Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Mirax-Casino.png\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative\">\n\t\t<a href=\"https:\/\/mirax.partners\/a5279d0cf\" class=\"\" target=\"_blank\" rel=\"noopener\">Mirax Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. 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Welcome Bonus &#8211; 100% bonus on your first deposit up to 5BTC\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">New players only<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/7bit.partners\/a7b8d58a2\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2>Entain background<\/h2>\n<p>Simply put, Entain is the name behind Britain\u2019s most iconic and well-known gambling brands. 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In 2021, it was the company itself that was the target of a $11bn buyout offer from its joint venture partner in the US, MGM Resorts, which was quickly turned down as an undervalued opportunity<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative mb-10\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/7bit.partners\/a7b8d58a2\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"7Bit Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/7BitCasino.png\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative\">\n\t\t<a href=\"https:\/\/7bit.partners\/a7b8d58a2\" class=\"\" target=\"_blank\" rel=\"noopener\">7Bit Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>100% up to 5BTC + 100 <strong>\u00a0Free Spins<\/strong>!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. 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a set of regulatory points enshrined into law that will likely alter the way gambling companies can advertise, market and operate their platforms for users in the country.<\/p>\n<h2>Recent Activity<\/h2>\n<p>It is this White Paper that will be of particular significance to Entain\u2019s practice.<\/p>\n<div data-ad-id=\"28462\" style=\"text-align:center; margin-top:px; margin-bottom:px; margin-left:px; margin-right:px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-28462 \">\n<div class=\"afw_ad_amp_achor afw_ad_amp_anchor_28462\"><a target=\"_blank\" href=\"http:\/\/stake.com\/?c=94d7e91bbc\" rel=\"nofollow noopener\"><amp-img class=\"afw_ad_amp_28462\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2022\/11\/9zSS0gPc.gif\" height=\"250\" width=\"250\"><\/amp-img><\/a><\/div>\n<\/p><\/div>\n<p>First, and not least, because of its sheer market size and the aggressive activity it has undertaken to reach it.<\/p>\n<p>Last week\u2019s purchase of 365scores marks the company\u2019s tenth in the last 18 months, having most recently acquired software developer Sportsflare from Tidal Holdings for $13.25million in March.<\/p>\n<p>Prior to that, it snapped up a \u00a3600m majority stake in Croatian sportsbook and gaming operator, Supersport, Latvian online casino operator, Klondaika and Polish sports betting provider, Totolotek, to name but a few.<\/p>\n<p>Though no details have emerged around competition law for the White Paper, it is nevertheless an interesting consideration to note Entain\u2019s highly-aggressive M&#038;A strategy prior to UK regulation tightening.<\/p>\n<p>Secondly, <a href=\"https:\/\/igaming.org\/casino\/entain-net-worth-company-valuation\/\" target=\"_blank\" rel=\"noopener\">Entain<\/a> was, until William Hill recently took the top spot with a \u00a319m fine last month, the subject of the largest fine in the history of the UK\u2019s gambling sector.<\/p>\n<p>In August last year, the company was forced to hand over \u00a317m for what the Gambling Commission saw as repeated failings to control customer overspending, including one case of a bettor depositing \u00a3230,845 over the course of 18 months. It was Entain\u2019s second regulatory fine in three years, following a \u00a35.9m payout for similar errors in 2019.<\/p>\n<p>More significantly, it was noted that the multiple failings from Entain to regulate customer overspending came after it was revealed that the government would review gambling regulation back in 2020. As further punishment, the Gambling Commission forced the company to institute an \u201cimprovement plan\u201d at the company to tighten up gambling addiction controls.<\/p>\n<p>It is worth noting that the gambling commission has never revoked the license of a major betting operator in the UK, though the market\u2019s biggest seems to be on thin ice.<\/p>\n<h2>Final Thoughts<\/h2>\n<p>If past is proof, Entain\u2019s M&#038;A activity will continue to beef up the company\u2019s brand-count. And, with 365scores on board, the firm will hope to attract and retain new audiences to its gambling ecosystem through the use of sports media and live score offerings.<\/p>\n<p>But all eyes of UK-based gambling operators will be firmly fixed on Westminster and the delivery of the forthcoming gambling White Paper.<\/p>\n<p>Entain is expected to have shored up security and safeguarding for problem gamblers to align with the expected new regulatory framework and it will not want to fall foul to further financial penalties. The balancing act of expansion in the face of restriction in a tightly-run ship makes Entain a fascinating gambling case-study to follow in the short and medium-term.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/casino-news\/entains-expansion-comes-under-cloud-of-future-regulation\/\">Entain\u2019s Expansion Comes Under Cloud of Future Regulation<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>British gambling group, Entain, has recently come to terms to purchase Israeli sports media company, 365scores. Mirax Casino 350% or 5BTC + 150 Spins! New players only. 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