Entain’s Remarkable Progress in ESG Objectives: A Game-Changer for Betting Sites
Entain, a leading gaming, sports betting, and interactive entertainment company, has recently released its highly anticipated 2022-23 Environmental, Social, and Governance (ESG) report. This report highlights the significant advancements Entain has made in achieving its strategic ESG-related goals. With a strong focus on growth and sustainability, Entain continues to pave the way for the industry, setting new standards in ESG practices. In this article, we will explore Entain’s notable achievements in ESG and their impact on the betting sites industry.
One of Entain’s primary ESG objectives is to provide the safest possible betting and gaming platform. The company’s dedication to responsible gambling is evident in its achievement of Advanced Level 3 accreditation for its online activities and Advanced Level 2 accreditation for its land-based operations from GamCare’s Safer Gambling Standard. By meeting these rigorous standards, Entain has solidified its position as a socially responsible operator within the industry.
Jette Nygaard-Andersen, CEO of Entain, expressed her pride in leading the industry’s efforts to ensure safer betting and gaming. This commitment not only benefits the customers but also contributes to a positive social impact by reducing the risks associated with gambling addiction.
Entain recognizes the importance of investing in its employees and the communities in which it operates. The company believes that creating a supportive and inclusive work environment is crucial to its success. Within its ESG report, Entain proudly highlights that 33% of its Board members are female, reflecting its commitment to diversity and gender equality. Moreover, the introduction of the company’s first-ever Board Diversity Policy demonstrates its proactive approach to fostering an inclusive corporate culture.
Entain has also made substantial progress in closing the gender pay gap and has implemented various support and well-being programs for its employees, particularly those affected by the challenges posed by the COVID-19 pandemic. By prioritizing the welfare of its workforce, Entain has established itself as an employer of choice in the betting sites industry.
Entain’s commitment to responsible gambling extends beyond its own operations. The ARC player protection program focuses on promoting responsible gambling practices and ensuring the well-being of players across different jurisdictions. By implementing these initiatives, Entain demonstrates its dedication to safeguarding customers and addressing potential gambling-related harm.
Furthermore, Entain has significantly increased its contributions to Research Education and Treatment, dedicating 1% of Gross Gambling Yield (GGY) in 2023 to support initiatives aimed at tackling gambling-related issues. This investment demonstrates Entain’s proactive stance in addressing the social impact of its industry and striving for continuous improvement.
Entain’s ESG report highlights that 100% of the company’s revenue is derived from regulated or domestically regulated markets. By focusing on these markets, Entain ensures that its operations comply with the highest industry standards and regulations. The company’s decision to exit unregulated markets further demonstrates its commitment to responsible business practices.
Entain’s strategic approach to sustainable growth is evident in its licensing achievements. The company currently holds licenses for 26 North American markets and 30 countries worldwide for brands like Coral and Ladbrokes. These licenses provide Entain with a solid foundation for expanding its operations while adhering to local regulations and fostering sustainable growth.
Entain’s unwavering commitment to ESG objectives sets a precedent for the entire betting sites industry. By prioritizing safer betting and gaming, investing in people and communities, and focusing on sustainable growth, Entain showcases the positive impact that responsible practices can have on the industry as a whole.
For betting sites, aligning with ESG principles is no longer an option but a necessity to gain credibility and trust among customers and stakeholders. Entain’s achievements serve as an inspiration for other operators to prioritize ESG initiatives and strive for excellence in all areas of their operations.
Entain’s latest ESG report exemplifies its remarkable progress in achieving its strategic objectives while setting new industry standards. Through safer betting and gaming practices, investments in people and communities, and a commitment to sustainable growth, Entain continues to lead the way in the betting sites industry.
By embracing these ESG principles, Entain creates a safer and more responsible gambling environment, contributing to a positive social impact. As the industry evolves, it is crucial for other betting sites to follow Entain’s lead and prioritize ESG objectives to ensure a sustainable and ethical future.
Entain also acquired a 6% stake in 888 Holdings. Shares in 888 Holdings surged over 20% in London this morning after the news broke.
The New York-based investment group, which includes industry veterans like Kenneth Alexander, Stephen Morana, Daniel Shribman, and Lee Feldman, aims to revitalize 888 Holdings following the company’s acquisition of William Hill and the departure of CEO Itai Pazner. The 6.57% stake obtained by FS Gaming includes approximately nine million shares transferred by Shay Segev, the former CEO of Entain and current chief executive of DAZN. As a result, 888 Holdings’ shares reached 96.00 pence per share.