DOCSLIB.ORG

Entain Plc Annual Report 2020 Start Here

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Entain Plc Annual Report 2020 Start Here For the good of entertainment Entain plc Annual Report 2020 Start here Overview 02 We are Entain Strategic report 06 Chairman’s introduction 10 Chief Executive’s Review 18 What makes us Entain? 24 Our strategic framework 26 The industry in which we operate 28 Regulatory Update 30 How we create value 32 Engaging with stakeholders 34 Sustainability 36 Safer betting and gaming 43 Covid-19 47 Investing in people and communities 56 Business Review 63 Chief Financial Officer’s Review 68 Chief Governance Officer’s Review 70 Risk management 72 Principal Risks 76 Viability Statement Governance 78 Board of Directors 80 Chief Governance Officer’s Report 90 Report of the Audit Committee 96 Report of the ESG Committee 99 Nomination Committee Report 102 Directors’ Remuneration Report 122 Directors’ Report Financial statements 126 Independent Auditor’s Report 133 Consolidated income statement 134 Consolidated statement of comprehensive income 135 Consolidated balance sheet 136 Consolidated statement of changes in equity 137 Consolidated statement of cash flows 138 Notes to the consolidated financial statements 183 Company income statement 184 Company balance sheet 185 Company statement of changes in equity 186 Notes to the Company financial statements 191 Glossary 192 Shareholder information 193 Corporate information Read more about what makes us Entain: pages 18–23 Overview | Strategic report | Governance | Financial statements 1 We are Entain. We are bold, ambitious and disruptive. Our purpose is to revolutionise betting and gaming to create the most trusted and exciting entertainment for every customer. Entain plc | Annual Report 2020 2 Overview We are Entain At Entain, everything we do is for the good of entertainment. We are one of the world’s largest sports betting and gaming entertainment groups, operating in the online and retail sectors. Using our unique, proprietary, cutting edge technology platform, we provide safe and exciting gaming experiences, to millions of customers, through many iconic brands. A new way forward Where we’re heading In December 2020 we began a brand-new Our purpose is clear – to revolutionise betting chapter in our history, renaming the Group and gaming to create the most exciting and Entain. More important than our new name trusted entertainment for every customer. and corporate identity was the clear strategic We will fulfil this purpose by delivering direction we set out to help us meet our our core strategic pillars of growth and ambition to be the world’s leading betting sustainability. A technology company to our and gaming entertainment company with core, we are uniquely positioned amongst customers at the centre of everything we do. our peers to innovate for customers, enabling us to grow in regulated markets both old and new, while ensuring the highest levels of player protections. TM Entain plc | Annual Report 2020 Overview | Strategic report | Governance | Financial statements 3 Operational highlights Delivery of new corporate identity 20 consecutive quarters of double built on clear strategy to deliver growth digit online NGR growth. and sustainability. Launch of Sustainability Charter to BetMGM now live in 12 states with strong reinforce the Group’s commitment to momentum as a leader in the US market. delivering industry best in class ESG and customer protection. Strong growth across the Group with market share gains in all major markets. Financial highlights Online Net Gaming Revenue Group Underlying EBITDA1 £2.7bn £843m +28% (constant currency) +11% 2019: £2.2bn 2019: £761m BetMGM Net Gaming Revenue Operating Profit1 $178m £530m +59% +2% 2019: $112m 2019: £521m Adjusted Diluted EPS1 Adjusted Diluted EPS excluding US1 62.8p 73.1p -2% +10% 2019: 64.3p 2019: 66.4p Net Debt Leverage £1.8bn 2.1x 2019: 2.8x +£0.4bn 2019: £2.2bn 1. From continuing operations. Entain plc | Annual Report 2020 4 Overview We are Entain continued Our commitments We have long held the view that the most sustainable business in our industry will be the most successful business in our industry. We aim to meet the highest standards in everything we do, from the way we run our business to the way we support our colleagues, our customers and our communities. Our sustainability Our culture commitments Customer commitments commitments We are guided by a culture that help us to Customers will be the focus of An exclusive focus on regulated markets define what being the ‘best place to work’ everything we do. means. At Entain we ‘Keep it Real’, ‘Do the – we have committed that by 2023 We will provide moments of excitement. we will only operate in domestically ‘Right Thing’, ‘Get Involved’ and ‘Bring it on’: We will provide them with exciting regulated markets. We are now at To Keep it Real our colleagues bring their and trusted entertainment products 99%, in regulated and regulating character and are always themselves. markets, more than any other major and services. We value our employees’ judgement and global operator. Using our technology platform, we encourage them to bring their ethics to will continuously work to upgrade Lead on Safer betting and gaming – work – to ‘Do what is Right’. provide our customers with the safest and personalise the experience and Our peoples’ energy is infectious, they environment to play. protections for our customers. ‘Get Involved’ and engage in all areas Pursue the highest levels of Corporate of life at Entain. Governance with rigorous processes and The attitude that underpins the outlook of oversight through a diverse Board. everyone at Entain is ‘Bring it On’. Invest in people and communities – we want to Entain to be recognised as the best place to work in the industry as well as ensure we make a positive impact on the communities and markets in which we are based and operate. Entain plc | Annual Report 2020 Overview | Strategic report | Governance | Financial statements 5 >50 Licences in >20 jurisdictions Offices worldwide Employees & contractors 50+ 20+ c.24,000 Leading brands Currencies Languages 24 42 33 Our divisions Market position Online Retail (4,500+ global outlets) Online sports wagers Retail sports wagers 3 2 £11.8bn £2.8bn +5% (+7cc) -43% (Covid-19 impacted) 1 2019: £11.2bn 2019: £4.8bn UK UK 1 Online 2 etail 2 Oter 0 #2 #1 Germany Belgium E #2 #1 2 Italy Italy #1 #3 1 Australia Ireland 1 Online 2 etail 0 #3 #3 Oter eclue as A is negative Georgia #1 Entain plc | Annual Report 2020 6 Overview Chairman’s introduction Next le vel Our new strategy and name defines a clear way forward for us in our ambition to be the world leader in sports betting and gaming entertainment. Entain plc | Annual Report 2020 Overview | Strategic report | Governance | Financial statements 7 Under our new corporate identity, we will A new-look Board for a new way forward continue to use our unique technology platform Your Board was substantially strengthened and revitalised in the last 12 months and to build on the exceptionally strong momentum we now have in place a robust corporate governance structure that befits our status that we have in our existing markets, grow into as a FTSE 100 company and a world- new markets, reach new audiences, enhance leading betting and gaming business. We are committed to bringing greater the customer experience, and provide diversity to Entain at all levels of the Group, industry-leading levels of player protection.” and we now have a much greater range of experience and backgrounds at Board level J M Barry Gibson than ever before. Non-Executive Chairman In July, Kenny Alexander announced his decision to retire from the Board and from the Group after 13 hugely successful years Our clear priorities from the outset were as CEO, during which time the business to keep our people and our customers grew from being a small AIM-listed safe, and to ensure that the business was company to the international FTSE 100 strongly positioned both to withstand business that it is today. We were fortunate the impact and to take advantage to have a readymade replacement for of growth opportunities as they Kenny in the form of Shay Segev, whose presented themselves. transition from COO to CEO was carried out seamlessly and successfully. It has been humbling to see the resilience, perseverance and professionalism that We were sorry to subsequently lose Shay to our outstanding teams around the world DAZN after five years at the Group but only have shown, as well as their ability to a short time in the role of CEO. Our regular quickly adapt to the challenges of a new and rigorous succession planning meant operating environment. On behalf of the that we were able to replace Shay swiftly Board, I would like to thank each and and efficiently with Jette Nygaard- every Entain colleague for their hard Andersen. Jette joined the Entain Board as work and commitment, often in very an independent Non-Executive Director in difficult circumstances. 2019, and played an instrumental role in developing our growth and sustainability It is a great testament to the quality of our strategy. Jette’s background in fast- people and the strength of our business growing disruptive next generation online model that the Group’s growth continued and mobile entertainment companies fits during 2020, despite the Covid-19-related perfectly with Entain’s evolution into an sporting cancellations and retail closures entertainment focused company, and we that were necessary at times during are hugely excited about the Group’s future the year. We have long talked about the prospects under her leadership. As part importance of having a truly diversified of Jette’s appointment, Rob Wood had the business model and of not being overly role of Deputy CEO added to his existing reliant on any one product, brand, territory, role of CFO, reflecting the critical role or channel, and it was this approach that that he has played in driving the financial mitigated the impacts of the pandemic on performance of the Group and in delivering our business so effectively.
Load more

Recommended publications
  • Official Rules Effective May 12, 2011
    Bad Beat Official Rules Effective May 12, 2011 • Property Specific Poker Room Rules will apply where applicable. $100,000 JUMBO BAD BEAT PROGRESSIVE • The JACKPOT rake is the amount taken from every eligible poker game pot to • Jackpot awarded when four 6s or higher is beaten by a higher 4-Of-A-Kind or fund the Bad Beat Jackpot and is separate from and in addition to the House rake. better. $ The JACKPOT rake from every game will be 10 percent of the pot with a 1.00 • Jackpot will be shared amongst all qualified Hold’em players at all Station Casinos. maximum. • The winner and loser of the “Bad Beat” also receive a players share. • The JACKPOT rakes taken from each game pot will be placed in a drop box on the opposite side of the table from the house rake. The Jackpot Drop box will be Losing hand receives $30,000 collected and counted in a manner consistent with the internal control procedures Winning hand receives $20,000 of the Poker Room. • All other active Hold'em players at all of Stations Properties split the • To qualify as a “BAD BEAT” both the winning and losing hands must: remaining Jackpot evenly. Be the player’s best possible combination of five cards. Any money not claimed after 7 Days will be returned to the Progressive pool. Include both of the player’s hole cards: • Every Tuesday at noon the minimum hand will be lowered according to the If four of a kind, a pair must be in your hand.
    [Show full text]
  • Site Review: Innovation
    Site Review: Website: www.americascardroom.eu Americas Cardroom has brought the excitement of online poker back to the USA! Americas Cardroom has grown rapidly over the past several years, bringing players back to the glory days of online poker in the US through unique incentives and promotions. They are the only US facing site to offer The Million Dollar Sunday $1,000,000 GTD poker tournaments while hosting a weekly progressive rake race for both cash game and Sit & Go players. Americas Cardroom is truly living up to its name as being the online poker site that US players can trust. As the flagship skin of the Winning Poker Network, Americas Cardroom has already grown into one of the top communities for US poker players thanks to its no-nonsense deposits, quick payouts and high tournament guarantees. Reasons to join America’s Cardroom - Rated fastest Payouts in the industry - US players Accepted - WSOP Qualifiers - Million Dollar Sundays $1,000,000 GTD Tournaments - The only site with weekly progressive rake races for sit & go’s and cash games - Now accepts Bitcoin for Deposits and Withdrawals Poker Network: THE WINNING POKER NETWORK (WPN) Innovation $1,000,000 GTD Million Dollar Sundays -Americas Cardroom brought back the glory days of poker to the US market in 2015 with $1,000,000 GTD Million Dollar Sunday tournaments. More are on tap for 2016 with the next one scheduled for April 24th at 4pm ET. They are the only US facing network to offer tournaments close to this magnitude. Tournament Series-Americas Cardroom runs numerous online poker tournament series throughout each year.
    [Show full text]
  • An Evolution in Gambling
    Gaming plc Realms Annual ReportAnnual 2014 & Accounts An Evolution in Gambling Gaming Realms plc Annual Report & Accounts 2014 Strategic Report The Group hopes to 01 Highlights 02 Gaming Realms at a Glance 04 Chairman’s Statement become a market leader 06 Market Positioning 08 Our Strategy in the mobile-led casual 10 Chief Executive’s Review 12 Principal Risks and Uncertainties gambling market forecast Corporate Governance 14 Board and Executive to be worth $100bn Management 16 Directors’ Report 17 Statement of Directors’ worldwide in 2 years. Responsibilities 18 Corporate Governance Financial Statements 19 Independent Auditors’ Report 20 Consolidated Statement of Profit and Loss and Other Comprehensive Income 21 Consolidated Statement of Financial Position 22 Consolidated Statement of Cash Flows 23 Consolidated Statement of Changes in Equity 24 Notes to the Consolidated Financial Statements 47 Parent Company Balance Sheet 48 Notes to Parent Company Financial Statements 52 Company Information www.gamingrealms.com Highlights Strategic Report Strategic Operational highlights › Increase of 635% in new real money › Completion of new in-house scalable gambling depositors compared to the platform which includes a feature set previous financial period. to enhance conversion, retention and › Increase of 338% in average daily players monetisation of real money gambling compared to previous financial period. players. › Acquisition of QuickThink Media Limited › Obtained licences from the Alderney and Blueburra Holdings Limited. Gambling Control Commission
    [Show full text]
  • Bwin.Party Digital Entertainment Annual Report & Accounts 2012
    Annual report &accounts 2012 focused innovation Contents 02 Overview 68 Governance 02 Chairman’s statement 72 Audit Committee report 04 A year in transition 74 Ethics Committee report 05 Our business verticals 74 Integration Committee report 06 Investment case 75 Nominations Committee report 10 Our business model 76 Directors’ Remuneration report 12 CEO’s review 90 Other governance and statutory disclosures 20 Strategy 92 2013 Annual General Meeting 28 Focus on our technology 94 Statement of Directors’ responsibilities 30 Focus on social gaming 32 Focus on PartyPoker 95 Financial statements 95 Independent Auditors’ report 34 Review of 2012 96 Consolidated statement of 44 Markets and risks comprehensive income 97 Consolidated statement 46 Sports betting of fi nancial position 48 Casino & games 98 Consolidated statement of changes 50 Poker in equity 52 Bingo 99 Consolidated statement of cashfl ows 54 Social gaming 100 Notes to the consolidated 56 Key risks fi nancial statements 58 Responsibility & relationships 139 Company statement of fi nancial position 58 Focus on responsibility 140 Company statement of changes in equity 60 Customers and responsible gaming 141 Company statement of cashfl ows 62 Environment and community 142 Share information 63 Employees, suppliers and shareholders 146 Notice of 2013 Annual General Meeting 66 Board of Directors 150 Glossary Sahin Gorur Bingo Community Relations See our online report at www.bwinparty.com Overview Strategy Review Markets Responsibility & Board of Governance Financial Share Notice of Annual Glossary 01 of 2012 and risks relationships Directors statements information General Meeting Introduction 02 Chairman’s statement real progress We made signifi cant progress in 2012 and remain Our attentions are now turning to the on course to deliver all of the Merger synergies as next step in our evolution, one centred on innovation that will be triggered by Annual report & accounts 2012 originally planned.
    [Show full text]
  • Leading Edge
    leading edge Annual report & accounts 2013 Introduction Strategic report We want to ‘let the world play for real’ 01 Financial snapshot 02 Our business by improving access to our games and 04 Investment case 08 Our business model and KPIs maximising their appeal – these are 10 CEO’s review Annual report & accounts 2013 key drivers of our revenue model. 16 Strategy 26 Markets and regulatory overview bwin.party 42 Business and financial review 2013 Our proprietary eCommerce platform 52 Principal risks differentiates us from our competitors 54 Focus on responsibility and gives us a leading edge as we Governance transition to regulated markets. We 58 Chairman’s statement 60 Board of Directors deliver world-leading gaming products 62 Corporate governance 83 2013 Directors’ and brands, across multiple channels Remuneration Report and markets to an increasingly 106 Other Directors’ Report Disclosures 109 Statement of Directors’ demanding customer base. responsibilities Financial performance A richer experience online 110 Independent Auditors’ Report View our online report where you 114 Consolidated statement on can see and hear about our strategy comprehensive income in action and thoughts about our 115 Consolidated statement of future at: www.bwinparty.com financial position 116 Consolidated statement of “ Based on our performance changes in equity to-date we expect to deliver 117 Consolidated statement year-on-year revenue growth of cashflows in 2014. With further cost 118 Notes to the consolidated savings to come and the financial statements
    [Show full text]
  • A Step-By-Step Guide to Single-Table Tournaments PDF Book While This Is Not Impossible, It Is a Little Bit Harsh and They Should Make It a Six-Month Limit Instead
    EARN $30,000 PER MONTH PLAYING ONLINE POKER: A STEP-BY-STEP GUIDE TO SINGLE-TABLE TOURNAMENTS PDF, EPUB, EBOOK Ryan Wiseman | 240 pages | 22 Nov 2007 | ECW Press,Canada | 9781550227888 | English | Montreal, Canada Earn $30,000 Per Month Playing Online Poker: A Step-by-step Guide to Single-table Tournaments PDF Book While this is not impossible, it is a little bit harsh and they should make it a six-month limit instead. A […]. Showdown in poker is when the cards are flipped over on the river and the person with the best hand wins the pot. Leaving your regular microstakes games behind to take a shot at a higher stakes game is a good way to find out if you can be more profitable at those stakes than at your current stakes. Televised poker in particular tends to skew our perception of the game by hand picking a lot huge bluffs to show us. In working with numerous clients over the years I find that most people have a target range of a few grand per month. People ask me all the time how they can build a good bankroll fast. The High Roller Club continued to produce massive prize pools on June 16 and two partypoker players managed to win two events apiece. So I have a pretty good idea of which poker books are best for beginners. In fact BlackRain79 already wrote a huge guide just last week on how to deal with the ultra soft Covid online poker games right now. You would be surprised how checking instead of betting, and vice versa, can have a significant.
    [Show full text]
  • Coinpoker Whitepaper
    Table of Contents Executive Summary 1 1. Online poker today 1 1.1. Historical difficulties with online poker 1 1.1.1. You are not in control of your funds! 2 1.1.2. The technology is not transparent! 2 1.1.3. Withdrawals are still problematic despite technological advances! 3 1.1.4. Sharks swallow fish! 3 1.2. How CoinPoker can tackle these problems 3 1.2.1. Crypto-Currency based Online Poker 4 1.2.2. Anonymity 5 1.3. CoinPoker based on Ethereum Smart Contracts 5 1.4. RNG transparency on blockchains 5 1.5. Revenue distribution via smart contracts 7 1.6. Fairplay (fairblock) program and initiatives 7 1.7. The future of blockchains and how we can grow with it 8 2. CoinPoker business plan 8 2.1. The Circle of money flow 8 2.2. Tournament Series at the end of ICO 9 2.3. Games and rake at CoinPoker 9 2.4. No less than 25% back to community 11 2.5. Our token will provide increased value for the initial holders of the CHP coins 11 2.6. Initiatives and approach to build a community 11 3. Token sale 12 3.1. CoinPoker official currency - Chips (CHP) 12 3.2. ICO details & Timeline 12 3.3. Milestones 13 3.4. Token Allocation 13 3.5. Ethereum Allocation 14 4. Development plan 14 4.1. CoinPoker is Live now 15 4.2. New Games and features 15 4.3. Player partnership and referral program 16 5. Advisors and Team 16 5.1.
    [Show full text]
  • 1 Local Playt Sítios Ident ___2 Local OBSE Jogo
    OBSERVATÓRIO TRANSNACIONAL DE JOGO REMOTO Jogo Remoto: Empresas Fornecedoras de Software. Localização e Clientes. Pesquisa: Luis Rebordão RELATÓRIO 03 (2009-10) 1 Playtech Localização: Playtech ‐ St. George's Court, 2nd Floor ‐ Upper Church Street – Douglas ‐ Isle of Man Sítios com tecnologia Playtech: 177 Identificação: 21 Magic Casino # 21Nova # 24kt Gold Casino # 50 Stars Casino # 777 Baby Casino # African Palace Casino # Amber Coast Casino # Baraka Casino # bet365 Casino # bet365 Poker # betboo # Betfred Bingo, Lotto & Games # Betfred Casino # Betfred Poker # BetFriends # BetMost Poker # BetnGo # Big Slick Poker # Bingo 777 # Bingo Day # Bingo Day UK # Bingo Fantasy # Bingo Gratis en Linea # Bingo Kid # Bingo Mexicano # Blue Square Casino # Blue Square Poker # Boylepoker # Cameo Casino # Caribbean Sun Poker # Carnaval Casino # Carnival Casino # Casino Bellini # Casino Del Rio # Casino Euro # Casino Fortune # Casino King # Casino Las Vegas # Casino Plex # Casino Solei # Casino Stockholm # Casino Tropez # Casino Vendome # Casino.com # CBM Bookmaker, Casino & Poker # CD Poker # CelebPoker # Centrebet Casino # Centrebet Poker # Cherry Casino # ChiliPoker # Chocolate Poker # Circus Casino # City Club Casino # Class 1 Casino # Club Dice Casino # Club Hollywood # Cote d'Azur Palace # Craps.com # Dafa Poker # Dafa888.com # Daily Star Poker # Enter Casino # Euro Grand # Eurobet Italia Poker # Europa Casino # Expekt Poker # Fair Poker # Flamingo Club Online Casino # Giant Vegas # Golden Palace Casino # Golden Palace Poker # Golden Peaks Casino
    [Show full text]
  • Bwin.Party Scheme Document
    THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. THIS DOCUMENT RELATES TO A PROPOSED ACQUISITION WHICH, IF IMPLEMENTED, WILL RESULT IN THE CANCELLATION OF THE LISTING OF BWIN.PARTY’S SHARES ON THE OFFICIAL LIST AND OF TRADING OF BWIN.PARTY’S SHARES ON THE LONDON STOCK EXCHANGE’S MAIN MARKET FOR LISTED SECURITIES. PART II OF THIS DOCUMENT COMPRISES AN EXPLANATORY STATEMENT IN COMPLIANCE WITH SECTION 297 OF THE GIBRALTAR COMPANIES ACT 2014. If you are in any doubt as to the action you should take, you are recommended to consult and seek your own independent financial advice immediately from your stockbroker, bank manager, solicitor, accountant or other appropriate independent financial adviser who, if you are taking advice in the United Kingdom, is authorised pursuant to the Financial Services and Markets Act 2000, as amended, or, if you are in a territory outside the United Kingdom, is an appropriately authorised independent financial adviser. If you sell, have sold or otherwise transferred all of your bwin.party Shares (or any interests therein), please send this document and the accompanying documents (other than documents or forms personalised to you) as soon as possible to the purchaser or transferee, or to the bank, stockbroker or other agent through whom the sale or transfer was effected for onward delivery to the purchaser or transferee. If you have sold or otherwise transferred part of your holding of bwin.party Shares (or any interests therein) please consult the bank, stockbroker or other agent through whom the sale or transfer was effected. Applications have been made by GVC to the FCA for the Existing GVC Shares and the New GVC Shares to be issued pursuant to the Offer to be admitted to the standard listing segment of the Official List and to the London Stock Exchange for the Existing GVC Shares and the New GVC Shares to be admitted to trading on the Main Market.
    [Show full text]
  • Confirmation of Transaction Timetable
    THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT AND INVESTORS SHOULD NOT SUBSCRIBE FOR ANY GVC SHARES IN CONNECTION WITH THE OFFER EXCEPT ON THE BASIS OF INFORMATION IN THE PROSPECTUS AND THE SCHEME DOCUMENT WHICH WERE PUBLISHED ON 13 NOVEMBER 2015. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY RESTRICTED JURISDICTION OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. 14 January 2016 Recommended offer for bwin.party digital entertainment plc (‘bwin.party’ or the ‘Company’) by GVC Holdings PLC (‘GVC’) Confirmation of Transaction Timetable Pursuant to the recommended offer (the ‘Offer’) made by GVC to acquire the entire issued and to be issued ordinary share capital of the Company and in accordance with the expected timetable set out on pages 9 and 10 of the scheme document dated 13 November 2015 (the ‘Scheme Document’), bwin.party is pleased to confirm the following key dates: 1.00 p.m. on 28 January 2016: the last time to make a Mix and Match Election; and 10.00 a.m. on 29 January 2016: the Scheme Court Hearing to sanction the Scheme. Scheme Court Hearing The Scheme Court Hearing is a public hearing, which is scheduled to be heard at 10 a.m. on 29 January 2016 at 277 Main Street, Gibraltar GX11 1AA. The Scheme Effective Date is anticipated to be 1 February 2016. Mix and Match Election The Election Return Time (being the last time to make a Mix and Match Election) is 1.00 pm on 28 January 2016.
    [Show full text]
  • Let the World Play for Real’ by Extending Our Reach Into New Areas of Digital Entertainment on a Global Scale
    Annual report & accounts accounts & report Annual 2011 For more information Annual report visit us online at & accounts let the world www.bwinparty.com 2011 play for real Inside 02 Overview 66 Board of Directors 03 Pro forma financial highlights 70 Governance this report 04 Our product verticals 75 Audit Committee report 06 Our business environment 77 Ethics Committee report 08 Chairman’s statement 78 Integration Committee report 10 Co-CEO’s review 79 Nominations Committee report 18 Our business model 80 Directors’ Remuneration report 20 Strategy 97 Other governance and statutory disclosures 22 Regulated and to-be- 100 Annual General Meeting regulated markets 102 Statement of Directors’ 24 Invest in our core assets responsibilities 26 Strategic alliances 28 New areas of digital entertainment 103 Financial statements 30 Act responsibly 104 Auditors’ report 32 Review of 2011 105 Consolidated statement of comprehensive income 47 Markets and risks 106 Consolidated statement 48 Sports betting of financial position 50 Casino & games 107 Consolidated statement 52 Poker of changes in equity 54 Bingo 108 Consolidated statement 55 Key risks of cashflows 110 Notes to the consolidated 58 Responsibility and relationships financial statements 59 Corporate responsibility 150 Company statement 61 Customers and responsible gaming of financial position 63 Employees 151 Company statement 64 Suppliers of changes in equity 64 Shareholders and other providers 152 Company statement of capital of cashflows 65 Environment and community 153 Share information 158 Notice of Annual General Meeting 162 Glossary and definitions See our online report at www.bwinparty.com Welcome Our strategy and vision stretches far beyond real money gaming on the internet: our aim is to ‘let the world play for real’ by extending our reach into new areas of digital entertainment on a global scale.
    [Show full text]
  • GVC Holdings PLC
    GVC Holdings PLC ("GVC" or the "Company" or the “Group”) Preliminary results for year ended 31 December 2015 2016 Trading Update GVC Holdings PLC (LSE:GVC), a leading online gaming operator in both b2c and b2b markets, is pleased to announce its preliminary results for the year ended 31 December 2015. 2015 highlights Net Gaming Revenue (NGR) up 10% on 2014 to €248 million Clean EBITDA up 10% to a record €54.1 million Profit Before Tax* up 21% to €50.0 million Fully diluted EPS (pre-exceptional) up 21% to 80.2 €cents Dividends in 2015 increased to 56.0 €cents Fifth consecutive year of NGR, Clean EBITDA and dividend growth Shareholders approved acquisition of bwin.party on 15 December 2015 which completed on 1 February 2016 Materially strengthened management team at senior operational level and board Product and marketing tools significantly improved during the year 2016 Trading Update Q1 -2016 Total Group NGR at €167.7 million, up 180% (Q1-2015: €60.0 million) following the acquisition of bwin.party on 1 February 2016. Q1 -2016, like-for-like, constant currency basis, average NGR per day, up 9% Year to 20 April 2016, like-for-like, constant currency basis, average NGR per day increases were: o Group: +13% o GVC brands: +18% o Bwin.party brands: +11% PartyPoker shows first year on year quarterly growth for five years On track to secure €125 million of synergies by the end of 2017 from enlarged GVC Financial position Gross cash position as at 17 April €327 million Group net debt*** as at 17 April €193 million Kenneth Alexander, Chief Executive of GVC, said: “GVC has had a momentous year.
    [Show full text]