Entain granted gaming & poker licences in GermanySource: RNS
21 November 2022
("Entain" or the "Group")
Entain granted gaming and poker licences in Germany
Entain plc (LSE: ENT), the global sports betting, gaming and interactive entertainment group, is pleased to announce that it has been awarded licences by the State Administrative Office of Saxony-Anhalt, for the operation of its gaming and poker services throughout Germany.
The Group has been granted all five licences it applied for, enabling it to offer gaming under its bwin, Ladbrokes and Sportingbet brands, and poker under bwin and Ladbrokes. Each licence is granted for a term of five years. Entain is the first operator to be licenced to offer online poker.
The new awards are in addition to Entain's existing licences to offer online sports betting under each brand and will enable the Group to enhance and develop its position as a market leader in sports betting and gaming in Germany.
Robert Hoskin, Entain's Chief Governance Officer commented:
"We're delighted to now have our licences for gaming and poker services in the regulated German market, enabling us to offer and market them to our customers. It is an important and welcome step towards achieving the goal of a fully regulated online betting and gaming market in Germany. Only through such regulation and its enforcement will we avoid the reality of customers going to the black market where there are none of the safeguards that reputable operators such as Entain guarantee."
David Lloyd-Seed, Chief IR & Communications Officer
Jay Dossetter, Head of Corporate PR
Lisa Attenborough, Head of Corporate Communications
Jodie Hitch, PR Manager
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 bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet and Sports Interaction; 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, operating in over 40 regulated or regulating 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