Entain stock surges on takeover rumors
There have been recent reports suggesting large private equity companies are considering purchasing all or a portion of Entain.Entain's stock price has increased by five...
Entain survey says most gamblers believe betting is a social activity
Entain has conducted a survey on 2,000 Britons which revealed that a large portion of gamblers consider betting as a social activity.
The study was aimed at analysing betting frequency and exactly how it conforms to the life of the British population. More than half of the respondents said that they see betting as being a social activity, with more than a quarter saying they made great friends via betting.
The participants also stated that they spend more money on other activities than betting and gambling, as 78% said that they spent double the amount at restaurants than on betting. 38% of them claimed they enjoyed spending money with 58% saying they considered themselves to be savers. More than 90% of the respondents who said that they enjoy betting were sports fans.
Aside from that, 94% of the participants in the survey replied positively when they’re asked whether they should be allowed to decide how to spend their own money. Entain noted that this presented an increase from the last survey in December of last year.
This new survey follows on from the review of the 2005 UK Gambling Act which is currently being undertaken by the Department of Digital Culture, Media and Sports. This review is seeking to impose improved player protection aimed at young adults. The minimum age to play the lottery is set to be increased to 18 years old.
Entain expands Board with Ricky Sandler
Ricky Sandler has joined Entain as the firm’s latest non-Executive Director.Having a career of more than three decades, the new appointee is an excellent candidate to...
