America's fastest growing online bookmaker. Fixed odds markets (Sports & Entertainment) + PointsBetting where the more your bet wins by, the more you win. Sportingbet Plc operates a global on-line and telephone sports betting business, serving over 880,000 customers in some 150 countries. The Group, which offers betting on a wide assortment of. £20 on a single and get a £5 Free Bet Bet 2. £20 on a double and get a £5 Free Bet Bet 3. £20 on a treble and get a £10 Free Bet Bet 4. £20 on a 4-fold and get a £10 Free Bet Bet 5. £20 on a 5-fold+ and get a £20 Free Bet Note: You can place the bets in any order. If you have a £10 treble and then have a £20 treble you will still qualify as long as it is within your. The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds International and Sportingbet; Games Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker and PartyCasino. The Group owns proprietary technology across all of its core product verticals.

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Ladbrokes owner Entain says it has received a takeover offer from US casino operator MGM Resorts.

The company, which also owns the Coral chain and online brands such as Sportingbet and Foxy Bingo, said it believes the £8.1bn offer 'significantly undervalues the company and its prospects'.

It said it had asked MGM Resorts to 'provide additional information in respect of the strategic rationale for a combination of the two companies' and that 'a further announcement will be made as appropriate'.

Shares in the FTSE 100-listed company surged nearly 28% in early trading and closed the day 25% up.

The offer comes months after another US casino operator, Caesars Entertainment, agreed to buy UK bookmaker William Hill for £2.9bn - though it plans to spin off the UK betting shop part of the business after the deal is completed.

Entain, which recently changed its name from GVC, has more than 3,000 betting shops under the Ladbrokes and Coral brands.

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It employs more than 18,000 people in the UK, roughly three quarters of the global total.

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Last November, new boss Shay Segev laid out plans to transform the business by pulling out of some unregulated global markets and focusing on sports betting and gaming entertainment - areas that have increasingly prospered during lockdowns.

In 2019, the company said it was shutting 900 betting shops - having warned of closures as a result of a crackdown on fixed odds betting terminals (FOBTS).

More recently it has had thousands of staff on furlough under the government's coronavirus job retention scheme.

In early November it said store closures under COVID restrictions at the time would cost it £37m in earnings though that was before rules were tightened more recently.

Entain issued a statement on MGM's offer on Monday after a report overnight from the Wall Street Journal about the proposal - which also said a previous attempt had been rebuffed.

Noting the recent 'press speculation', the company said it 'confirms that it has received proposals from MGM Resorts International... concerning a possible offer for Entain'.

MGM is already Entain's partner in the US market, operating joint venture BetMGM.

Entain said the 'most recent proposal' from MGM Resorts, an all-share deal that would leave its current investors with just over 40% of the enlarged company, valued it at a 22% premium to the its latest market value of £6.63bn.

The US company, which runs the Bellagio casino and resort in Las Vegas, now has until 1 February to make a formal bid or walk away.

GVC Holdings PLC (LSE: GVC) is one of the world’s largest sports-betting and gaming groups, operating both online and in the retail sector. Tax resident in the UK, with licenses in more than 20 countries, the Group employs a workforce of more than 24,000, in 20 offices across five continents.

The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds International and Sportingbet; Games Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker and PartyCasino. The Group owns proprietary technology across all of its core product verticals and in addition to its B2C operations provides services to third-party customers on a B2B basis.

In the US the Group operates BetMGM, a joint-venture with MGM Resorts, created to capitalise on the opportunities presented by the regulation of sports betting and gaming.

Through a combination of organic growth and M&A, the Group has expanded rapidly in recent years to become one of the world’s largest listed sports betting and gaming groups. On 28 March 2018 GVC completed the acquisition of Ladbrokes Coral Group PLC, the Group’s first move into retail operations. This came two years after the acquisition of the international online operator, bwin.party digital entertainment plc, in 2016.

GVC is a member of FTSE4Good and the DJSI, ESG indices which identify companies that meet globally recognised corporate responsibility standards.

Key facts

Corporate

• Member of the FTSE 100
• Licenced in more than 20 jurisdictions
• Offices in 18 territories across five continents
• >24,000 full time employees and fixed-term contractors
• Our brands have a combined heritage of over 250 years
• Member of FTSE4Good and DJSI ESG indices.

Financial

In the 2019 financial year, on a proforma basis, GVC:

• Generated £3.7bn of NGR and £761m of underlying EBITDA (post IFRS 16)
• Underlying operating profit of £520m (post IFRS 16)
• Processed £11.2bn of sports wagers

Technology

• Full integrated proprietary tech platform
• Full product suite
• Integrated retail and omni-channel solution
• Growth ready – extremely scalable
• Highly stable and secure with 99.93% service availability
• 2,000+ IT staff

Customer

• More than 20 major established B2C gaming brands
• The UK’s leading high street bookmaker with >3,000 betting shops under the Ladbrokes and Coral brands
• Over 1,000 games offered online
• Bets accepted in 33 languages, and 42 currencies