Published
FinancialSports BettingIndustryResults

Entain Board acquires 380,000 company shares

Purchases by the CEO, Chairman of the Board and others are said to reflect company confidence following Q3, although this comes just a day after Dodge & Cox doubled its stake in the operator. 

Entain Board acquires
Listen To Article

Multiple members of the Entain Board have made significant purchases of Entain shares, with the five individuals involved now holding a combined 380,145 company shares. This now puts the overall number of shares held by the Entain Directors and their close associates at 665,682, equating to roughly 0.1% of Entain’s issued share capital. 

The most notable share purchase came from Chairman of the Board Barry Gibson, who purchased close to 93,700 shares, equating to £870,000 ($1.07m) of the company’s shares.

Senior Independent Director Stella David also acquired nearly £900,000 of shares, bringing her personal total to over 95,000.  

CEO Jette Nygaard-Andersen has doubled her share count, going from just shy of 31,000 shares to nearly 65,400 shares.  

Entain reported a group net gaming revenue (NGR) was up 7% from this time last year for Q3. This may explain the increased share purchases. However, the news also came swiftly following yesterday's report that a 5.2% shareholder stake increase was made by US-based fund management group Dodge & Cox, whose stake in the company now lies at 10.33% – double what it was before.  

It is uncertain whether Tuesday’s purchases reflect a successful Q3 or a response to the shareholder stake acquisition by Dodge & Cox. On the Q3 results, however, CEO Jette Nygaard-Andersen said: “Entain has undergone a profound transformation over the last few years, and now has strong foundations from which to move into its next phase of growth.” 

The company last week revealed plans for its upcoming growth strategy, with acceleration initiatives set to take place in the US, Brazil and New Zealand among other territories.

Premium+ Connections
Premium

1xBet Partners

 
Premium

Sport Generate

 
Premium

Galaxsys

 
Premium

RISK

 
Premium

Imagine Live

 
Premium

Digitain

 
 
Premium

GammaStack

 
Premium

Revsharks

 
Premium

PIN-UP Partners

 
Premium

Lynon

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...