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ENTAIN PLC

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Soccer-Half of UK fans betting on French victory in Euro 2020, says gaming firm Entain

06/10/2021 | 02:28am EDT

June 10 (Reuters) - Almost half of British soccer fans have joined peers across Europe in placing wagers on France to lift the Euro 2020 trophy, Entain said on Thursday, as the sports betting firm gears up for over three million bets on the delayed tournament.

Italy's match on Friday with Turkey will kick off Euro 2020, which was postponed last year due to the COVID-19 pandemic. The last edition in 2016 saw Portugal beat France in the final. (https://reut.rs/3zhpw9E)

Entain, the owner of Ladbrokes, bwin, Coral and Eurobet, said some 28% of customers across its platforms had bet on France to clinch the title - the most for any country - followed by England and Belgium.

It did not provide a more specific estimate of what proportion of British customers had bet on Les Bleus.

"Most betting will be after the tournament starts, and we expect to see roughly twice as many fans placing bets on the Euros as in the last World Cup" in 2018, Entain Chief Executive Officer Jette Nygaard-Andersen said in a statement.

Euro 2020 has garnered bets from 1.5 million fans since the start of the year, with more than half of those stakes placed by British customers, the company said.

London-listed Entain PLC said its platforms were well prepared to handle the high amount of traffic expected for the championship, which marks the 60th anniversary of the flagship tournament of European soccer body UEFA.

Entain is also introducing fantasy football and other offers to woo bettors.

The company seeking to capitalise on a surge in online betting amid virus lockdown measures by buying companies in regulated betting markets, recently closed the acquisitions of European operators Bet.pt and Enlabs AB.

It also said British customers have wagered the most on England captain Harry Kane followed by Belgian striker Romelu Lukaku as choices for scoring the most goals. (Reporting by Pushkala Aripaka, Muvija M and Yadarisa Shabong in Bengaluru; Editing by Christopher Cushing)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / EURO (AUD/EUR) -0.20% 0.6255 Delayed Quote.-1.04%
BRITISH POUND / EURO (GBP/EUR) -0.21% 1.1675 Delayed Quote.3.91%
CANADIAN DOLLAR / EURO (CAD/EUR) 0.00% 0.676402 Delayed Quote.4.81%
ENTAIN PLC -0.14% 1848.5 Delayed Quote.63.08%
INDIAN RUPEE / EURO (INR/EUR) 0.05% 0.011411 Delayed Quote.1.57%
US DOLLAR / EURO (USD/EUR) 0.03% 0.849762 Delayed Quote.3.59%
US DOLLAR / TURKISH LIRA (USD/TRY) 0.00% 8.5471 Delayed Quote.15.12%
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Financials
Sales 2021 3 832 M 5 268 M 5 268 M
Net income 2021 254 M 349 M 349 M
Net Debt 2021 1 975 M 2 715 M 2 715 M
P/E ratio 2021 42,9x
Yield 2021 1,75%
Capitalization 10 825 M 14 892 M 14 880 M
EV / Sales 2021 3,34x
EV / Sales 2022 2,86x
Nbr of Employees 18 918
Free-Float 97,5%
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Technical analysis trends ENTAIN PLC
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Mean consensus BUY
Number of Analysts 18
Last Close Price 1 848,50 GBX
Average target price 2 137,80 GBX
Spread / Average Target 15,7%
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Managers and Directors
Jette Nygaard-Andersen Chief Executive Officer & Director
Robert Matthew Wood CFO, Director & Deputy Chief Executive Officer
John Michael Barry Gibson Non-Executive Chairman
Sandeep Tiku Chief Operating Officer
Peter A. Isola Independent Non-Executive Director
Sector and Competitors
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