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Tabcorp confirms multiple offers for wagering arm, with Entain among bidders
2nd February 2021
| By Daniel O Boyle
Australia’s largest gambling business Tabcorp has received “a number of unsolicited approaches and proposals” to acquire its Wagering and Media division, with Entain among those to have put forward an offer.
Following media reports in Australia, Tabcorp said it received multiple approaches about a potential acquisition.
This would see the operator left to focus on its lotteries and gaming services divisions. No firm bids have been made so far, it added.
“The proposals were expressed to be confidential, non-binding and subject to numerous conditions including due diligence, financing and various regulatory approvals,” Tabcorp said.
Entain confirms Nygaard-Andersen as new CEO
21st January 2021
| By Robert Fletcher
Online gambling giant Entain has confirmed the appointment of Jette Nygaard-Andersen as its new chief executive with immediate effect.
Nygaard-Andersen replaces Shay Segev, who stepped down from the role earlier this month in order to become co-CEO of sports streaming platform Dazn.
Segev will remain available to the board and management until 8 July in order to help facilitate an orderly transition.
Nygaard-Andersen, who joined Entain’s board as an independent non-executive director in 2019, has over 20 years’ experience in leadership and operational roles in media, entertainment, sport and digital businesses.