Entain PLC (LSE:ENT)

£ 7.458 0.238 (3.3%) Market Cap: 4.77 Bil Enterprise Value: 8.15 Bil PE Ratio: 0 PB Ratio: 2.10 GF Score: 70/100

Entain PLC M&A Call Transcript

Jun 13, 2023 / 04:15PM GMT

Transcript

Jette Nygaard;Andersen

Entain Plc - CEO & Executive Director

Thank you, and good afternoon. Thank you for taking the time to join today's presentation and doing so on this short notice.

So we are delighted to announce the offer for STS, the leading sports-betting operator in Poland and the associated equity placing. We'll take you through some slides covering some of the detail and there will be an opportunity for questions at the end.

And I should say that I'm joined on this call by Rob and David. This acquisition of STS builds on the initial step we made into Central and Eastern Europe with the formation of Entain CEE and the acquisition of SuperSport, which has been a great success.

First and foremost, this is an opportunity to acquire a very attractive asset in CEE. As we said at the time of the SuperSport deal, this is an exciting, regulated and growing region. You may remember that we said at the time of creating Entain CEE in August last year that we wanted to create a platform that will enable us to grow across the region, leveraging the

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